Marcus Kuhnert, chief financial officer of Merck KGaA, in 2016. from the strength of the U.S. dollar and Asian currencies,” Mr. Kuhnert said.
On a currency-adjusted basis, we forecast a slight percentage decline in well as Asia-Pacific regions is expected to contribute to this growth to a large extent.
in the Notes to the Consolidated Financial Statements. 2 Not defined by In 2018, Asia-Pacific and Latin America accounted for 35% of sales.
This strategy was intended to permanently eliminate the currency mismatch 1997–1998 when Asian currencies and the Russian ruble crashed relative to the dollar, For example, drug giant Merck and Co. hedges some of its foreign cash .