It has started. Hard currency only please.

[NotAllThere]

Ooops, just done some googling and it looks like companies and other organisations are doing this kind of thing all the time.

Oh well.

Hey. Not fair! How am I supposed to ridicule your posts if you own up to your mistakes.

[BrilloPad]

Maybe one day someone will teach hedge funds how to hedge. Really they should be called "short or manipulate funds".

[CryingSheep]

Wow, what an amazing concept! This could be a fantastic plan "B" - I'll call it "Hedging".

I believe you got a bit confused on the 'hedging' concept there...

[Zigenare]

Wow, what an amazing concept! This could be a fantastic plan "B" - I'll call it "Hedging".

Ooops, just done some googling and it looks like companies and other organisations are doing this kind of thing all the time.

Oh well.

[Zigenare]

Yeah.... usually, when people request payment in $ or € to protect themselves against currency fluctuation, they quote a $ or € rate. But then, it'd be a bit much for you to understand the basics of foreign trade.

Anyway, the article says that the organisers spent £1M on dollars and euros in 2018 to pay foreign artists, which indicates people have been quoting in $ and € all along, and aren't suddenly doing it because of Brexit. What's changed is that the organisers did this last year to protect themselves from going wildly over budget due to currency fluctuations, and may do it again this year - but it's expensive, so they're not sure they can keep doing it.

Wow, what an amazing concept! This could be a fantastic plan "B" - I'll call it "Hedging".

[BrilloPad]

What's changed is that the organisers did this last year to protect themselves from going wildly over budget due to currency fluctuations, and may do it again this year - but it's expensive, so they're not sure they can keep doing it.

Then lets support the UK and buy British.

As you always say, Britain First. From your Swiss hideout.....

[NotAllThere]

Well we can quote the rate in pounds and then give them the payment in euro's or dollars

minus a commission fee for the currency exchange obviously.

Yeah.... usually, when people request payment in $ or € to protect themselves against currency fluctuation, they quote a $ or € rate. But then, it'd be a bit much for you to understand the basics of foreign trade.

Anyway, the article says that the organisers spent £1M on dollars and euros in 2018 to pay foreign artists, which indicates people have been quoting in $ and € all along, and aren't suddenly doing it because of Brexit. What's changed is that the organisers did this last year to protect themselves from going wildly over budget due to currency fluctuations, and may do it again this year - but it's expensive, so they're not sure they can keep doing it.

[Mordac]

Someone will be along shortly to remind us that Scottish pounds are actually LEGAL TENDER despite looking like something you get with a Happy Meal...

[original PM]

Well we can quote the rate in pounds and then give them the payment in euro's or dollars

minus a commission fee for the currency exchange obviously.

[clearedforlanding]

Brexit: Edinburgh International performers don't want to be paid in pounds - CNN

Oh tulip, sorry. That makes it positive news then.

[BrilloPad]

Today is the 7th, do you not think the more squirrel eyed of the remoaners has reported on this?

https://www.contractoruk.com/forums/...ue-brexit.html

But no-one cares what happens in Scotland.

Until there is another referendum and the UK gets to vote what we can be sure of getting rid of them.....

[Zigenare]

Brexit: Edinburgh International performers don't want to be paid in pounds - CNN

Today is the 7th, do you not think the more squirrel eyed of the remoaners has reported on this?

https://www.contractoruk.com/forums/...ue-brexit.html

[clearedforlanding]

Brexit: Edinburgh International performers don't want to be paid in pounds - CNN