Solved: Last year we had substantial in the new zealand dollar nz, Business Management

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Last year we had substantial in the new zealand dollar nz

As CFO of the below company, how would you respond to your CEO's comment below?

"Last year we had substantial in the New Zealand dollar (NZ), which we hedged by selling NZ forward. In the event NZ dollar rose, and our decision to sell forward cost us a lot of money. I think that in the future we should either stop hedging our currency exposure or just hedge when we think NZ dollar is overvalued"

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Business Management: Last year we had substantial in the new zealand dollar nz

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