Managing Forex Risk in Offshoring (Global Services)

David Rutchik is the sole quoted resource in this article about the impacts of currency fluctuations in offshore transactions. David Rutchik, Partner at Pace Harmon says, "Many procurement and IT buyers are usually less familiar with foreign exchange issues and they therefore avoid them. Some feel content with their savings that come through labor arbitrage and is traditionally available in dollars. Apart from this, lack of internal treasury groups' involvement in these types of transactions also discourages companies to keep track of currency fluctuations.”

Global Services