Please Fill in blanks RE: Hedging Currency Forwards......

US manager has European assets so we are long the Euro ( receive euro in future) we would get hurt if euro depreciates ( get less transalted back) to hedge we would Sell euro forward therefore Short Hedge would hurt us when EURO _______________ Short hedge would help us when Euro ________________________ ------------------------------------------------------------------------------------------------ Us company expects to pay a euro debt so we are short the euro ( will be making future euro payment) we would get hurt if euro appreciates ( have to pay more in us funds) to hedge we would go long the euro forward therefore long hedge would hurt us when euro ______________ long hedge would help us when euro______________

Appreciates Depreciates Depreciates Appreciates

1st one: appreciates depreciates 2nd one: depreciates appreciates

thats what i thought, cheers boys