Which Currencies to Borrow in? – Follow-up Q&A

Which Currencies to Borrow in?

Follow-up Q&A

• We’ve received quite a few follow-up questions regarding our March one-pager summarizing which currencies businesses should borrow in;
   

• Shota Rustaveli, author of the Georgian national epic The Knight in the Panther's Skin, has an often-quoted line: "in few words he utters a long discourse: herein lies the excellence of poetry"; 
   

• Then again, Rustaveli also wrote that “those are not called poets who cannot compose a long work”;
   

• We try to adhere to both – in any case, we're always glad to hear from readers, and we'll take up some of the questions here;
   

• Additionally, we’d like to emphasize once again that the exchange-rate business strategy, at its core, is a strategy – not by name, but by substance;
   

• Because real strategies involve real choices, much depends on each business's risk appetite and individual profile;
   

• The core value proposition, however, holds: increasing profitability and reducing risk through a synthesis of company-level (micro) and economy-level (macro) analysis.