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Excluding the effect of currency translation, sales would have risen 7percentt.
Excluding the effect of currency translation, revenue fell 2 percent in the quarter.
Alain de Pouzilhac, the chief executive, said the company expected higher sales, excluding the effect of currency factors, next year.
Net sales in the quarter declined 8percenttoto $1.2 billion, down 5percentt before the effect of currency and divestitures.
When adjusted to account for the effect of currency fluctuations, sales for the third quarter were actually up, the company said.
The effect of currency conversion and subsequent wage pressure deprived industry in the east of one of its few advantages, low labour costs.
Similar(37)
These tour operators use a hedging strategy that mitigates the effects of currency exchange fluctuations.
Some large-scale exporters use hedging techniques to try to offset some effects of currency fluctuations.
This book by C. Fred Bergsten and Joseph E. Gagnon two leading experts on trade, investment, and the effects of currency manipulation traces the history, causes, and effects of currency manipulation and analyzes a range of policy responses that the United States could adopt.
Is the German media worried about the inflationary effects of currency depreciation?
Both firms calculated the correlations in dollar terms, incorporating the effects of currency fluctuations on investors here.
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