Question for anyone with the time/knowledge to provide an answer.
My business imports all its products from the US and I would like to try and protect myself against the AUD dropping against the USD.
Is anyone able to help me and offer me a simple way to do this? I understand options in regards to shares but have never dealt with forex.
I am only a small business and purchase $2-3k a month from the US. If however the AUD dropped back to 80c (even if that is unlikely), my business profitability is next to nothing.
Thanks to anyone who can help.
Nick
AUD Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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