In: Economics
HYATT HOTELS
Answer:
Fluctuating exchange rates affect my business in the way of
impacting the currency rates in the global market that rises or
lower the cost prices or sale prices for the international sales
and purchases. The international sale and purchase has direct
relation with exchange rates. If the currency exchange rate
increases for our purchases, then we will have to pay higher cost
to our suppliers. If the exchange rates lower downs, then we will
get benefits in the cost payment to overseas suppliers.
My business can go to secure financing is having the exchange rate
fixed or minimum fluctuations. This minimum changes or fluctuations
will have minimum impact on the costing with oversea vendors and
customers. We can have a agreement with suppliers and customer for
the fixed exchange rate for the year so that we can avoid the
interim fluctuations.
My business has performed good in the stock market as we have
invested in the stock market based on our preferred investment
criteria where we have investment in some basic funds, emerging
funds and good growing funds.
The impact IASB had on my business such that it structured my
accounting process to the international level. The accounting
process to the international level helps in developing the right
accounting process at the business level which will help in right
reporting of the financial and accounting at the business. This
will help to get better acceptances at the international level and
gets good credit at the international market.
My business has benefited the stakeholders by providing right value
to their investments with better rate of return as compared to the
market. We have satisfied our investors and stakeholders from the
performances of our business.
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