GBG did not hedge and with hindsight most certainly should...

GBG did not hedge and with hindsight most certainly should have.

However there would of been a hedging cost.

Does someone closer to forex than me have an idea of a reasonable premium for hedging the loan amount during an extremely unpredictable period.

We make large purchases in US dollars where I work and have seen exchange variations between order and delivery well outside what any sane person would expect.

cheers
Surly