After accounting for the use of hedging derivatives, the FCE survey indicates that the overall net
foreign currency asset position of other
financial corporations was equivalent to 16 per cent of GDP, with a hedging
ratio of around 35 per cent for
foreign currency assets and 60 per cent for
foreign currency liabilities (Table 1).
The future
financial benefits to students and their employers of knowing a second language certainly balance a slightly higher cost
ratio for providing
foreign language classes, for example.