Electrolux 2013 Annual Report Download - page 81

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Principal currency
pairs Electrolux (transaction effects)
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.
EUR/SEK
EUR/GPB
EUR/CHF
EUR/RUB
EUR/USD
EUR/HUF
USD/AUD
Main translation effects: USD/SEK, EUR/SEK
CNY/USD
Foreign-exchange transaction exposure, forecast 2014
Asia/Pacific
The principal currency pairs for the
business in the Asia/Pacific region is
the USD/AUD and CNY/USD. Pur-
chases of raw materials and compo-
nents are to a certain extent priced in
USD and the products are subse-
quently sold in AUD. A strong AUD
compared with the USD is positive
for the Group. Some purchases from
China are denominated in CNY and
sold in USD. Accordingly, a weak
CNY vs USD has a positive effect on
the Group.
SEKm
-10,000
-8,000
-6,000
-4,000
-2,000
0
2,000
4,000
6,000
BRLAUDGBPCHFCADRUBARSCNYEURUSD
Gross transaction flow
Hedges
Net
79ANNUAL REPORT 2013