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An Operating Economic Exposure - Australian Case Study: Foster’s Group Limited Beer


  • Scott McCarthy
  • Adelina Ispriani


This paper uses a large Australian multinational corporation as a case study examining foreign exchange operating exposure. We firstly review the importance of operating exposure for a business and then examine in detail the company’s exposure and policies to manage the exposure. A sensitivity analysis is also conducted to examine how movements in the value of exchange rates affect the company. We conclude with some suggestions as to how the company could further protect itself from adverse movements.

Suggested Citation

  • Scott McCarthy & Adelina Ispriani, 2004. "An Operating Economic Exposure - Australian Case Study: Foster’s Group Limited Beer," School of Economics and Finance Discussion Papers and Working Papers Series 180, School of Economics and Finance, Queensland University of Technology.
  • Handle: RePEc:qut:dpaper:180

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    References listed on IDEAS

    1. Jonathan Batten & Robert Mellor & Victor Wan, 1993. "Foreign Exchange Risk Management Practices and Products Used by Australian Firms," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 24(3), pages 557-573, September.
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    More about this item


    operating exposure; hedging;

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange


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