The Balance of Payments is a massive accounting record of all economic transactions between one country and the rest of the world.
: The risk that the cost of a signed contract changes before the money is actually paid due to currency fluctuations. International Finance For Dummies
To survive the volatile world of international finance, corporations and investors use several hedging strategies: The Balance of Payments is a massive accounting
: Tracks the trade of goods and services (import/export), as well as income transfers. International Finance For Dummies
: Some currencies fluctuate freely based on supply and demand, while others are pegged by governments to a stable asset like the US Dollar.