June 17, 2012

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Economist If all had lost are because all are managing what if it does not have to make in hypothesis some is what, unhappyly, the great number of companies still makes of Brazil, that is, to try to guess so that side goes the dollar. As this 0 variable is uncontrollable, it can be entered in a dangerous trap. the banks gain money with the intermediao of the operations exchange, whichever the direction of the dollar, but the not financial companies can assume significant losses when adopting the same position because they do not have its on profits to the intermediao. It recommends an integrated vision, including the risk legal because the interpretations move with the time and the administrators need to have conscience of that no opinion is absolute. . In accordance with Fraletti, in place to spend as much energy being tried to guess the tax of exchange in the future, the empreses need to sophisticate its structures and to guarantee its auto-qualification to mount adequate strategies of protection. It collects since 1999 the quarterly projections made by the JP bigger Morgan to trader of currency in the whole world and published by the Economist magazine, detaching the accompaniment of the estimates for the quotation of the real front to the dollar. Has diverse enormous sequences of errors of great dimensions in a horizon of three months, with errors of the order of 27% between the projected quotation and the reality created the illusion Here of that the dollar...