English translation: eliminating the exchange rate risk
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Spanish to English translations [PRO] Bus/Financial - Finance (general) / Banking Website
Spanish term or phrase:barriendo los cambios existentes
Any help with this phrase would be much appreciated. The deadline is fairly tight. I'm not quite sure if "cambios" refers to changes or exchange rates here, and what would be the best way to render "barriendo"? Thanks in advance.
"Es una orden sin precio de oferta/demanda que se negociará a los precios del lado contrario **"barriendo" los cambios existentes** al entrar en Mercado.
Estas órdenes, sin cambio marcado por el cliente, se limitan automáticamente, al mejor precio del lado contrario, al entrar en Mercado."
Hope I am of some assistance here...my understanding is that they are referring to the exchange rate for the term "cambios". I think the idea behind this is to avoid making losses when conducting business abroad and exchange rates are going through a period of fluctuation.
I think that both answers suggested are probably correct, but this is the one I used in the end. Thank you. 4 KudoZ points were awarded for this answer
Hope I am of some assistance here...my understanding is that they are referring to the exchange rate for the term "cambios". I think the idea behind this is to avoid making losses when conducting business abroad and exchange rates are going through a period of fluctuation.
Damian Hosford Spain Meets criteria Works in field Native speaker of: English PRO pts in category: 4
Grading comment
I think that both answers suggested are probably correct, but this is the one I used in the end. Thank you.
8 hrs confidence: peer agreement (net): +1
Hedging against (existing) price changes/fluctuations
Explanation:
During negotiations for the supply of a good, both sides agree on the price that the supplier (your client) will receive. How do you ensure that your client will get exactly, let’s say, $100,000 three months from today? You can advise your client to enter (go to) the futures market and sell a future’s contract for that amount, paying the broker’s commission for it , so that whatever happens to the market prices your client gets exactly that amount he wants. If in the course of fluctuations the market prices three months from today dropped to $80,000, your client is guaranteed still to receive exactly $100,000. On the other hand, if prices rose to $120,000, too bad but he will still receive $100,000. But at least he is protected against worrying about the possibility of adverse changes in market prices.
Or your client can buy a put option which guarantees the same amount, paying only a premium, with a better protection on the downside.
Foreign exchange risks happen normally in international trade transactions, and can be hedged if exchange rate instability is anticipated. If the transaction is a domestic one, there is no such risk.
argosys Local time: 14:49 Meets criteria Specializes in field Native speaker of: English PRO pts in category: 102
Reference information: hedge (Definition from Investorwords.com)
Definition: An investment made in order to reduce the risk of adverse price movements in a security, by taking an offsetting position in a related security, such as an option or a short sale.
Jenny Westwell Spain Meets criteria Works in field Native speaker of: English PRO pts in category: 4
The translation workplace 
peer agreement (net): +2
