Photo: BUSINESSWOMAN
Fluctuations of the exchange rate in the foreign exchange market are still observed not only in Ukraine, but also in Europe. This opinion was expressed by the Hungarian businessman, the owner of the EastWestMentor consulting company, the representative of The Ukrainian Chamber of Commerce and Industry (CCI) Zoltan Horvath, BUSINESSWOMAN reports.
«When implementing international business projects, the currency rate always plays a very important role. This is typical for Ukrainian-Hungarian business and commercial relations. International transactions are not in the national currency, but, as a rule, in euros or US dollars. But we must not forget that the products, that are the subject of the deal, will sooner or later reach the final consumer, who will pay for them in the national currency,» – the Hungarian businessman said.
According to Zoltan Horvath, there are several opportunities to avoid risks arising from fluctuations in the exchange rate of national currencies to the euro or to the US dollar.
«One of such opportunities is the banking «Treasury» service. With these approaches, you can calculate the course in the medium or long term perspective. Thus, export-import trade can be tied to a fixed rate. That is, there is always a way! For more information on the exchange rate and how it influences, or can influence further economic relations between Ukraine and European countries, you can contact our Ukrainian office EastWestMentor UA, which is headed by my partner, Anna Krysiuk,» – said the owner of the consulting company EastWestMentor and representative of the CCI.
As The Journalist reported earlier, Zoltan Horvath has said about necessity of strengthening Ukraine, Hungary export-import relations.
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