What are the risks when dealing with foreign countries and currencies?

Question

Accepted Answer

Dealing with foreign countries and currencies involves risks such as exchange rate fluctuations, political instability, and legal issues.

Exchange rate fluctuations can affect profitability and cash flow
Political instability can lead to changes in regulations and policies
Legal issues such as contract disputes and intellectual property rights violations can arise
Cultural differences can also impact business relationships and communication
Examples include Brexit affecting the value of the British pound, trade disputes between the US and China, and corruption in some developing countries

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