The Investors Council of Georgia, together with the TBC Chief Economist’s Office, hosted a workshop on:
“Hedged Exposure in Multicurrency Economies – Combining Macro with Business Practices.”
Led by Otar Nadaraia, Macro-Financial Strategist at TBC, the session explored how businesses, banks, and financial institutions can better manage risks in multicurrency economies.
Being hedged implies exchange rate(s) movements having no material impact on a company’s key financial metrics, such as:
- Debt-to-EBITDA, IRR, assets-to-liabilities, etc.
- Business cyclicality, price elasticity of sales
- Expenditure – interest rates, currency conversions
- Currency deviation/variation from equilibrium, or how to apply exchange rate projections
Drawing on global case studies from the Caucasus, Central Asia, Eastern Europe, Latin America, and Africa, the workshop presented a new framework for hedging strategies tailored to industry-specific realities.
The workshop brought together representatives from businesses, banks, international financial institutions, and central banks for a dynamic exchange of ideas.
