Should Google hedge its foreign exchange exposure? Explain what exposure Google faces first. Point Yes. Google should hedge its foreign exchange exposure. The international business accounts for a significant part of its revenue or cost. If not hedged, significant loss could be incurred. Counter-Point No. Google should not hedge its foreign exchange exposure. The international business is not significant for Google. It is well diversified in geographic locations so that it is not necessary to hedge foreign exchange exposure. Plus the profit margin is thin for our business and hedging costs money. be sure to answer this thoroughly and cite any external sources used