All prices quoted are based on prevailing fuel prices, airfares (when applicable), and currency exchange rates in effect as of the date of brochure publication and are subject to change without notice.
At the currency exchange rate in effect on 11 February 2008, these retention bonus payments were equivalent to US$780 and US$4,680, respectively.
When debts are denominated in foreign currency and revenues in domestic currency, exchange rate fluctuations can result in balance sheet effects for countries with either net asset or liability positions.
These tour operators use a hedging strategy that mitigates the effects of currency exchange fluctuations.
Future reported revenue of £76.6m in the six months to March, a 2% year-on-year fall or 11% when the effects of currency exchange are removed.
Total revenue was down 2% year on year in the nine months to the end of June, or 9% when the effects of currency exchange are removed.
In the region encompassing Asia, the Middle East and Africa, snacks volume rose 16 percent and operating profit, excluding the effect of currency exchange, rates rose 7 percent.
Adjusted for the effects of foreign currency exchange rates, revenue fell 2 percent, the company said.
Excluding the effects of foreign currency exchange, the company's overall sales rose 10percentt in the quarter.
With an independent currency, exchange rate depreciation can dampen these effects by improving competitiveness, and monetary policy can become more accommodative, supporting demand and employment.
