Save Answer You own a company in the UAE, which exports dates to UK and USA. The UAE currency is freely floating against the UK currency(GBP) but is pegged against the US$. You are worried about the exchange rate fluctuations in the International markets and want to minimize your risk by hedging against any adverse expectations. The financial analyst in your department informed you that the GBP is expected to depreciate in the future against all currencies, whereas, US$ is expected to appreciate in the future. Based on these expectations of the financial analyst, will you hedge your export revenue from UK with a forward contract? Please elaborate. Will you hedge your export revenue from USA with a forward contract? Please elaborate