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Questions number of currencies including US Dollars (USD), Euros (BUR), Japanese Yen (JPY) and British Pounds (GBP). Most of its costs arise in Mauritius Rupees
Questions number of currencies including US Dollars (USD), Euros (BUR), Japanese Yen (JPY) and British Pounds (GBP). Most of its costs arise in Mauritius Rupees (MR), Chinese Y uan (CNV) and US Dollars (USD). MR is the base currency of the company. The current currency composition of the company's costs and revenues arising from its business operations are as follows: (a) Produce a short report for the Finance Director on the nature of the foreign exchange (FX) risks which the company is currently exposed to. (b) Provide guidance on which exposures should be hedged and the methods that could be used to effect the hedging
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