Financial Times FT.com

Currency volatility makes international acquisitions a minefield

By Lina Saigol, M&A Editor

Published: June 21 2009 19:21 | Last updated: June 21 2009 19:21

Extreme volatility in currency markets may be good for traders but it is making it increasingly difficult for chief executives eyeing cross-border acquisitions.

Since March, the dollar has fallen 15 per cent against sterling and has fallen 9 per cent compared with the euro. While chief executives are unlikely to decide long-term acquisition strategy based on the exchange rate that day, currency moves can make closing a deal more difficult

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