April 20, 2017

The Effects of the Financial Markets on the Film Industry

The foreign exchange markets have become more and more liquid over the years as global trade has increased, with a daily volume of US $5.3 trillion. The increase in international trade presents some exciting opportunities for both large and small companies across a wide range of industries. For people working in creative industries, it could open up possibilities for international collaboration – and increase access to overseas funding.

But, as last year demonstrated, foreign exchange exposure can also present risks if the rate moves against you. And because exchange rates are a ratio between two currencies, fluctuations can be caused both by events both at home and overseas. So if something happens overseas to strengthen a country’s currency, the Pound can weaken as a result. This can have an impact on costs and profitability for companies that need to make payments in foreign currencies.

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