Consequences of a rising euro rate for businesses Exchange rate movements may have considerable impacts, in particular at the level of industrial operations. While perhaps it was not the low dollar rate that finished Fokker, adverse exchange rates did play a role in that company’s fate. This stiff westerly wind rose just when Fokker was most in need of the right updraught.
And, if you will allow me to use an example from your region, Océ – which over the course of time has proved a rich source of supervisory board members for DNB – realises much of its turnover in US dollar. In addition, many of its competitors are based in the United States or in countries whose currencies are pegged to the dollar.