U.S.-based MNCs invoicing in Asian currencies and incurring expenses in Asian currencies were probably less affected by the weakness of Asian currencies than U.S.-based MNCs that invoice in Asian currencies but do not incur expenses in those currencies.

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U.S.-based MNCs invoicing in Asian currencies and incurring expenses in Asian currencies are less affected by the weakness of Asian currencies because their expenses are in the same currency as their invoicing, which helps to mitigate the impact of currency fluctuations. On the other hand, U.S.-based MNCs that invoice in Asian currencies but do not incur expenses in those currencies are more affected by the weakness of Asian currencies as they have to convert the revenue back into USD, incurring losses due to currency fluctuations.

US-Based MNCs Invoicing in Asian Currencies and Incurring Expenses in Asian