Sustainable Smart Spaces & Wellness @ Home
Close watch on FX risk, proactively taken actions
Appendix
Arçelik
-1,2%
3,9%
-1,2%
-1,2%
0,7%
-0,5%
0,3% 0,3%
EUR
-1,7%
བ་ཀྱི་ས་གླང་ས་ཚང་“ད
-5,1%
-3,6% -2,9,4%
-3,2%
-2,6%
-4,1%
-6,6%
2,9% 1,7% 2,9%
TRYM
Before Hedge
Hedged Position
Net Position
(17,162)
14,615
(2,546)
USD
(13,902)
12,369
(1,534)
GBP
2,002
(1,754)
247
-6,5%
Other
(961)
(243)
(1,204)
-13,0%
-14,0%
TOTAL
(30,023)
24,986
(5,037)
18 Q1
18 Q2
18 Q3
18 Q4
19 Q1
o83$
83*688
Net FX Position / Equity
(14.0%)
21
Net FX Position
Net FX/Equity
.
.
FX hedging
a strictly pursued policy in Arçelik since more than 30 currencies are
actively managed in global operations.
It is a KPI for the company management not to have a FX exposure exceeding low
single-digit % of equity.
The primary strategy on balance sheet hedging mainly through cash, receivables,
payables and financial liabilities, and the remaining part is hedged through financial
derivatives.
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