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Währungsplay

English translation: currency play


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12:55 Jan 10, 2012
German to English translations [PRO]
Bus/Financial - Finance (general) / company report
German term or phrase: Währungsplay
The word is used in the following sentence:

Die US Umsätze sind für 2012 & 2013 nahezu vollständig (Durchschnittskurs von 1,37 bzw. 1,38 USD je EUR) und für 2014ff größtenteils abgesichert, allerdings bleibt die Firma aufgrund der hohen Kostenstruktur in nicht USD-Ländern ein „Währungsplay“

I would be grateful for any suggestions
TIA, Caitriona
caitriona
Local time: 23:49
English translation:currency play
Explanation:
Low CL because I don't understand the what die Firma bleibt ... ein „Währungsplay“ means.

I've posted a reference separately to back up my suggestion of a literal translation, FWIW.
Selected response from:

casper
Grading comment
Thanks casper.

Best regards, Caitriona
4 KudoZ points were awarded for this answer



Summary of answers provided
2 +3currency playcasper
1exchange rate riskarne_marko
Summary of reference entries provided
Currency playcasper

  

Answers


11 mins   confidence: Answerer confidence 1/5Answerer confidence 1/5
exchange rate risk


Explanation:
Since the company has costs in non-USD countries, that means these costs are not in USD. This would expose the company to exchange rate risk.

arne_marko
Local time: 19:49
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
PRO pts in category: 15
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1 hr   confidence: Answerer confidence 2/5Answerer confidence 2/5 peer agreement (net): +3
currency play


Explanation:
Low CL because I don't understand the what die Firma bleibt ... ein „Währungsplay“ means.

I've posted a reference separately to back up my suggestion of a literal translation, FWIW.

casper
Native speaker of: Native in EnglishEnglish
PRO pts in category: 85
Grading comment
Thanks casper.

Best regards, Caitriona

Peer comments on this answer (and responses from the answerer)
agree  transatgees: "What's happened is now not only an interest-rate play but a currency play,” Mark Mobius, executive chairman of Templeton Emerging Markets Group, told CNBC. “You've seen these currencies in emerging markets strengthen over the last five years.”
17 mins
agree  Ramey Rieger: yes.
42 mins
agree  Allison Wright: (To help caitriona understand what it means). Seems to me that the writer is calling the whole company (and not just a single transaction) a "currency play" - with the expectation that the future outcome will be positive.
1 day3 hrs
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Reference comments


26 mins peer agreement (net): +1
Reference: Currency play

Reference information:
Keep in mind that if you open a foreign bank account in a local currency, you may also be entering into a “currency play”, meaning if you unwind the transaction back to your home currency a principal gain or loss in principal could occur.
...
One way to avoid the currency conversion transaction risk is to maintain an offshore bank account in your home currency – US$ for US citizens – while still diversifying assets outside of your domestic banking system. The US dollar is a foreign currency to a local foreign bank, and by holding a deposit in your home currency you avoid the risk and cost of exchanging currencies, if that’s an objective.
http://goo.gl/a5rwR

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Note added at 36 mins (2012-01-10 13:31:28 GMT)
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I want to introduce you to an opportunity that I’m eyeing for 2012.
It’s a currency play that looks to pay a nice yield of over 4%. That’s about 17 times what a two-year Treasury bond is paying right now.
Even better, this currency play could rise as much as 100% over the next three years.
Now it’s not quite time to get in on this currency play yet, but if you time it right this could be the gem of your portfolio by the end of the 1st or 2nd quarter of 2012.
It’s not easy finding a currency play like this that pays a decent yield and still offers room for capital appreciation. You have to time it just right – that’s why most investors miss out on plays like this.
So consider this your advanced warning to put this currency play on your investment watch list for 2012.
http://goo.gl/QKXfl

casper
Native speaker of: Native in EnglishEnglish
PRO pts in category: 85

Peer comments on this reference comment (and responses from the reference poster)
agree  dkfmmuc: Just want to agree. Think that is the shortest and perfect solution. At first I have though about something like conjecture on currency exposure or so but the solution of :-) fits best.
28 mins
  -> Thank you, dkfmmuc
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