INTERNATIONAL FINANCIAL MANAGEMENT (FIN5IFM) SEMESTER 2, 2019 CASE STUDY – Hedging Currency Risk at IDP This is September 2019. You work in the finance team at IDP Education Limited (IDP). IDP is an ASX listed company (IEL) that is 50% owned by 38 Australian universities and headquartered in Melbourne, Australia. IDP Education Limited engages in the placement of students into education institutions in Asia, Australasia, and internationally. The firm offers services such as counselling, application processing, pre-departure guidance, examinations, English language teaching, client relations, digital marketing, online student recruitment, and shared services. The company was founded in 1969 and is headquartered in Melbourne, Australia. The company’s revenue is substantially attributed to its operation in Asia Pacific Region as