Corporate hedgers count costs of volatility

Transacting in the foreign exchange market has become increasingly challenging for corporate treasurers during the persistent volatility of recent months, even for those firms that use the market solely for the purpose of hedging rather than generating returns, according to one senior corporate dealer.

"The recent crisis has highlighted challenges in currencies that we don't normally have problems with, such as the dollar, sterling and euro. The volatility has been so high it is difficult to