for each of the risks above identify one contingency plan you could put in place to mitigate or lessen the risk
How will the movement of exchange rates affect you?
If you are an exporter, an appreciation of the local currency will result in your goods being more expensive in the foreign currency. Usually, an appreciation of the local currency is not good for exporters. If you are an importer, a deprecation of the local currency is not good for you. This is because you will have to pay more in local currency to buy the same amount of foreign currency to pay your supplier overseas. If you do not reduce or eliminate your foreign exchange risks, your business may be negatively affected.