basecan - 4:44 am on Nov 5, 2004 (gmt 0)
I have a similar issue. I am planning to hedge in the futures market. If you know approximately how much revenue you expect to generate lock in the exchange rate now for that amount. There are online currency exchange houses that will allow you to do this. Sticky me if you want a name. You will need 10% down if you are going to buy a forward. Also, don't expose yourself too much. If you buy $100,000 worth of US dollars and only sell $50,000 worth of merchandise, you are speculating on the US dollar to the tune of $50,000 large ones. Personally, I think the US dollar is going down like a lead zeppelin, but I don't make the market.