And for marketing reasons, many companies absorbed the currency differences when the exchange rate was less favorable.
Given Greece's prior decision to embrace the euro as its currency, it no longer held monetary policy autonomy and could not intervene to depreciate a national currency to absorb the shock and boost competitiveness, as was the traditional solution to sudden capital flight.
While the currency continues to absorb the brunt of the dollar's decline — the Federal Reserve's rate cut Tuesday will only add to the pressure — Europe has learned to live with the almighty euro.
Foreign automakers have been able to absorb the discounts, because weak currencies have kept their costs down.
We saw Fire and Frost dragons, and when you kill them, being Dragonborn, you can absorb their souls, which act as currency to unlock shouts.
This would ensure their currencies absorbed some of the impact of oil-price swings.A big uncertainty is what such a shift would mean for the dollar.
Not being part of the euro zone turns out to have been a blessing for Poland — and a lesson in how a national currency can help a country absorb international shocks.
By anchoring the currency, governments forced the real economy to absorb shocks.
Members urged China to absorb more imports by raising the value of its currency, which would make foreign goods cheaper for Chinese consumers.
Second, most of their plants are in Britain, so they have to absorb the high costs caused by the strong British currency.
