Global firms’ foreign exchange rate risk management during crises: The case of siemens healthineers

Abstract

In light of Siemens Healthineers, Bangladesh, this report, from the viewpoint of an intern highlights the contents set by BBA Internship Program Guideline. This dissertation is divided into three main segments. To begin with, this report gives an overview of the internship along with information and outcomes in regards to the internship. Followed by this, the study elaborately explains the situation and practices of Siemens Healthineers. In this segment, an analysis considering the management practices, marketing strategies, financial performances, accounting practices, industry situation, competitors, and operations management, has been conducted on the company. Finally, in the third segment, the research aims to understand the exchange rate risk management skill of Siemens Healthinneers by determining the impact of abrupt currency movement of Euro with respect to USD on the revenue of Siemens Healthineers. The research simply attempts to determine the impact of exchange rate instabilities during periods like COVID 19, Brexit, Russia-Ukraine conflict, and economic recession on the revenue of Siemens Healthineers, which has been carried out using regression test. Later on, based on the research results, the report recommends some measures that can be adopted to stave off these issues in the future.