The dollar’s effect on import and export
insurable event,” said Mr. Phillips.
“This is huge risk to take for any importer. For instance, if your goods are suddenly unavailable due to a disaster or theft, for example, you could lose a significant chunk of your income and compound the impact of the higher dollar.”
The rising US dollar will also most likely lead to imported stock increasing in value, meaning it may no longer be adequately covered.
Risks to exporters