"Euros: Hedging exchange rates", Aug. 99, Director, London
The July 1999 Growing Pains section suggests three classic methods for exchange rate protection against the Euro do nothing; buy/sell forward; currency options.
I suggest another more efficient method. Pass the buck, or in this case, the Euro. Often the most efficient way of solving a problem is to make it somebody elses.
Subject to your bargaining power, try and match income in Euros with expenditure in the same currency (and vice versa) and cut out the middle-men.
Use the Escudo as the Euro
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