Electrolux 2011 Annual Report Download - page 77

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Europe
The principal currency in Europe is the EUR.
A weak EUR has a positive net effect on Group
income, because European operations have
greater expenses in EUR than sales in EUR.
A majority of the purchases of raw materials
and components is denominated in EUR as are
significant production costs.
Asia/Pacific
The principal currency pair for the business in the
Asia/Pacific region is the USD/AUD. Purchases of
raw materials and components are priced to some
extent in USD. The products are subsequently
sold in AUD. A strong AUD compared with the
USD is positive for the Group.
EUR/SEK
EUR/GPB
EUR/CHF
EUR/RUB
EUR/PLN
EUR/USD
EUR/HUF
USD/AUD
Foreign-exchange transaction exposure, forecast 2012
1,000
0
–1,000
–3,000
–7,000
–5,000
–9,000
Gross transaction flow
Hedges
Net
3,000
SEKm
USD EUR BRL RUB AUD GBP CHF CAD HUF THB
Principal currency pairs Electrolux
(transaction effects)
73