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15:44 Jul 10, 2002
German to English translations [PRO]
Bus/Financial
German term or phrase: sentence
Der USD-Hedge wurde bei 0,99 aufgelöst, sollte die Parität schneller als erwartet überschritten werden, kommt ein neuerlicher Schnitt der Greenback-Exposure zum Tragen.
Shilpa Dawda
India
Local time: 04:59
English translation:sentence
Explanation:
The US-dollar hedge position was unwound at 0.99; should parity be exceeded sooner than anticipated, another level in greenback exposure will be reached.

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Note added at 2002-07-10 20:03:18 (GMT)
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Greenback is a nickname for the dollar (because of its green backside). Gr.... exposure means you are at risk holding dollar-denominated instruments because of a likelihood the exchange rate may deteriorate further (just a hypothesis, of course). If you were to switch into euro- or yen-denominated assets today you may get more for your dollar assets than tomorrow when the value of the dollar might have dropped further. That\'s the \"greenback exposure\". Of course, you can decide to \"ride it out\" and wait for the dollar to strengthen, but financial types or nervous nellies and get out at the first sign of trouble. Who would buy such high-risk instruments, you may ask? Specialist firms which \"make a market\" in these securities are required by SEC regulations to buy in order to maintain an orderly market. Don\'t worry, no need to hold a tag day for these guys.
Selected response from:

gangels
Local time: 17:29
Grading comment
thanks. that explanation was wonderful.
4 KudoZ points were awarded for this answer

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Summary of answers provided
4 +2sentencegangels


  

Answers


6 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
sentence


Explanation:
The US-dollar hedge position was unwound at 0.99; should parity be exceeded sooner than anticipated, another level in greenback exposure will be reached.

--------------------------------------------------
Note added at 2002-07-10 20:03:18 (GMT)
--------------------------------------------------

Greenback is a nickname for the dollar (because of its green backside). Gr.... exposure means you are at risk holding dollar-denominated instruments because of a likelihood the exchange rate may deteriorate further (just a hypothesis, of course). If you were to switch into euro- or yen-denominated assets today you may get more for your dollar assets than tomorrow when the value of the dollar might have dropped further. That\'s the \"greenback exposure\". Of course, you can decide to \"ride it out\" and wait for the dollar to strengthen, but financial types or nervous nellies and get out at the first sign of trouble. Who would buy such high-risk instruments, you may ask? Specialist firms which \"make a market\" in these securities are required by SEC regulations to buy in order to maintain an orderly market. Don\'t worry, no need to hold a tag day for these guys.

gangels
Local time: 17:29
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
PRO pts in pair: 5480
Grading comment
thanks. that explanation was wonderful.

Peer comments on this answer (and responses from the answerer)
agree  stefana: could you please explain what greenback exposure is? Thank you
2 hrs

agree  Сергей Лузан: Nicely explained. I believe, today rate is 0,995 US$d per Euro.
18 hrs
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