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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.
Both firms calculated the correlations in dollar terms, incorporating the effects of currency fluctuations on investors here.
Is the German media worried about the inflationary effects of currency depreciation?
It said growth at its driveline business which supplies components to car makers had offset the effects of currency fluctuations.
Comparable-store sales, excluding the effects of currency fluctuation, fell 7 percent in the fourth quarter, the company said.
Similar(43)
Revenue in the U.S. jumped 13% year-over-year, but non-U.S. fell 4% because of the negative effects of currency-exchange rates.
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.
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