As the brand manager for a large Brazilian company, you are concerned about exposure to currency fluctuations hurting your profit in Mexico. What steps could you take to hedge this risk?

Table 12.6 

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TABLE 12.6 Abbreviated Balance of Payments Statement for the United States U.S. International Transactions 2009 (in millions of dollars) Current Account Exports of goods and services and income receipts Imports of goods and services and income payments Unilateral current transfers Capital Account Capital account transactions, net Financial Account US-owned assets abroad, excluding financial derivatives Foreign-owned assets in the United States, excluding financial derivatives Financial derivatives, net Net errors and omissions 2,159,000 -2,412,000 -124,943 -140 -140,465 305,736 50,804 162,008