How Western Union Smooths Out Risk by Vincent Ryan FROM CFO.com

"We hedge the currencies 12 to 24 months in advance. On a full-year basis in 2011, if the European currencies move — pick whichever direction you want, up 5% or down 5% — that would impact our top line by $55 million. But the bottom-line impact would only be about $7 million, because we've effectively hedged our net cash flows." -- Western Union CFO Scott Scheirman