Os impactos da variação cambial nos resultados operacionais de uma empresa de médio porte

Abstract

Faced with an economic scenario of high volatility of the exchange rate, it is essential importers and / or exporters seeking financial strategies to hedge against exchange exposure, as well as reduce the impact of exchange rate changes on its operating results. The present work is a study of the impact of exchange rate changes on operating results of a midsized company. The company chosen for the case study is a pioneer in the production of metal packaging in the state of Ceará and operates with high levels of imports of inputs used in production, and exports to several countries. The proposal of this study is to answer to the question about which financial mechanisms can be adopted to minimize the risks of exchange rate changes and improve operational results of an import and export company and how exchange rate changes afects the business results. The research has how theoretical basis the foreign exchange Market, the derivatives and foreign exchange hedging market and the concepts, foundations and structures of the financial statements for the year, as well as the main techniques of financial analysis. As the methodological procedures, this is a case study that proposes a qualitative analysis and a quantitative treatment of the problem, it will be evaluated and analyzed the values expressed in the results of a company. It found that the financial instruments proved to be critical to the mitigation of foreign exchange risk and the exchange rate significantly impacts the operating results of the company raising the financial costs which consequently reduces the final results for the year.