For a correct idea of what this means, is worth just one example: The volatility of the euro to U.S. dollar exchange rose from 5.5% in July 2007 to levels 24% today. And the euro pounds exchange levels do even greater. That is, it has increased more than 4. This made the exchange risk faced by firms operating in international markets to skyrocket. In this context, firms face higher costs, either for the price of insurance premiums for change or simply assume the difference adding to corporate losses. (more...)