Forex risk: know enough to manage it
How I long for those days when a rand bought the same amount of goods or currency year after year. In the early 1970s, as a new entrant to the world of exports, I’d never heard the word ‘forex’; it wasn’t part of our lexicon.
Lest we forget, when South Africa dropped the British pound and replaced it with the rand in 1961, 72c would have bought you one US dollar. It
