When Toyota decided to set up a plant in France rather than the UK to produce cars to be sold in the euro-zone:

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By setting up a plant in France to produce cars for the euro-zone, Toyota reduced its exposure to exchange rate risk. This is because it would no longer need to convert its profits from euros to pounds sterling, thus eliminating the impact of exchange rate fluctuations on its profits. Additionally, it could benefit from lower transportation costs and reduced trade barriers within the euro-zone.

When Toyota Decided to Set Up a Plant in France