hard20 pts · first answer countsrisk-managementfinancial-risk

Currency risk with the dirham

A Dubai company signs a large contract priced in US dollars. Why is its AED/USD currency risk usually low?

A.The UAE does not allow foreign currency contractsB.Dollar rates never change against any currencyC.Banks in the UAE absorb all currency lossesD.The dirham has been pegged to the US dollar at about 3.6725

Discussion 0

Join free to post in the discussion.

Currency risk with the dirham

Discussion 0

Related questions