Market Corporation Fights Currency Fluctuations." Some people argue that, given the complexity and unpredictability, currency hedging is not worth the risk. Explain whether or not you believe currency hedging is worth the risk for Markel Corporation. Compare the firm's profits and losses from currency hedging.
•Assess whether Markel Corporation can improve the performance of its currency hedging and increase its profits from it. Explain why or why not.
•Besides currency hedging, identify two other currency management strategies can Markel Corporation choose to fight currency fluctuations, since it exports 40% of sales. Explain your choices.