How Microsoft Dynamics NAV Can Turn Ever-Sharper Foreign Currency Fluctuations to Your Advantage

Before the global economic recession became apparent earlier this year, the Euro had been growing stronger compared with the U.S. Dollar. But now that the U.S. economy is recovering, and the foundations of the European Union economy have been shaken by the bankruptcies or near-bankruptcies of several countries such as Greece, things are changing rapidly. The Euro has been through a sharp decline, while the U.S.Dollar has grown stronger, and the Swiss Franc has maintained its strong and stable rate.

If you are only doing business within the borders of your own country,  you at least don't have to worry about currency exchange rate fluctuations. However, the likelihood that you only have domestic suppliers and customers in this global economy is remote. More likely, you are either making or losing money because of currency fluctuations. And there is seemingly nothing you can do a


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About Vjekoslav Babic

Vjekoslav Babić is an independent Microsoft Dynamics NAV consultant, trainer, author and blogger, with 10 years of experience in NAV and 16 years of experience in IT.

As a solutions architect and a project manager with a leading Microsoft Dynamics President's Club service provider company, as a Microsoft Dynamics NAV consultant with Microsoft Services, and as an independent consultant, he has been working on Microsoft Dynamics NAV implementations ranging from tiny one-man-bands to international mega-corporations, delivering services and trainings all over the world.

In 2008, Vjekoslav co-authored the acclaimed book "Implementing Microsoft Dynamics NAV 2009". Vjekoslav runs an active blog about NAV implementation, project management and development best practices, acts as a columnist and editorial advisory board member at, and as a columnist in a number of other web or printed periodicals in Croatia and worldwide. Vjekoslav is also a frequent speaker at Microsoft or Microsoft Dynamics conferences.

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