There are many challenges when it comes to global strategic plans for businesses. One involves...

Question

There are many challenges when it comes to global strategic plans for businesses. One involves international cash management, due to the risk of currency fluctuations and interest rate changes in the global market. Review the quarterly financial statements for Deere & Company fromInvestor Relations(Links to an external site.)and locate the discussions about fluctuations and risk in interest rates or foreign exchange rates. Then, address the following:Indicate whether the foreign exchange translation has increased or decreased profitability for this quarter.Explain strategies a company might use to reduce the risk associated with foreign exchange fluctuations.Interpret the impact of foreign currency translation on profitability for Deere & Company.

Pallavi · Accepted Answer

Performance of Foreign Currency Translation of the current quarter
In Equipment operations currency Translation has decreased the profitability by 3 points when compared from the last year performance. As per the predicted report it is very clear that forecasting with respect to the currency Translation in the areas of worldwide agriculture & Turf, Worldwide construction & forestry, Equipment operations was totally right.

There are many challenges when it comes to global strategic plans for businesses. One involves international cash management, due to the risk of currency fluctuations and interest rate changes in the...

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