The multi-currency environment in which businesses in Suriname operate carries additional risks and challenges. Besides the Surinamese Dollar (SRD), many businesses use the Euro and/or the U.S. dollar as their functional and reporting currency. The exchange rates of these currencies fluctuate noticeably against each other which carry high currency risks. If a company does not perform currency management adequately, this can lead to large losses or missed opportunities.
The training Currency Management focuses on estimating and calculating currency risks, the use of instruments for hedging currency risks as well as processing currency risks in financial statements. Proper currency management can lead to a significant competitive advantage.