Impact of BREXIT and COVID-19 on performance of Nike

International Finance
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Contents
International Finance.......................................................................................................................1
Contents...........................................................................................................................................2
INTRODUCTION...........................................................................................................................3
TASK1.............................................................................................................................................3
1) Impact of BREXIT and COVID-19 on performance of Nike.................................................3
2) Explanation of key elements of Nikes international finance and risk management strategy..3
3) Analysis financial performance of Nike..................................................................................3
CONCLUSION................................................................................................................................3
REFRENCES...................................................................................................................................3
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INTRODUCTION
International finance is field of financial economic which concern with management of
monetary resources deals within global market environment. In other words, it is a branch of
economics which provides direction related to monetary transactions between two or more
than two countries. It includes, are of foreign direct investment, balance of payment,
exchange rate system etc. It play essential part in overall economy as with the use of In
order to understand the importance of concept of international financial Nike has been
chosen. In this report elements of international fiancé and impact of BREXIT agreement and
global epidemic diseases of COVID 19 on profitability rate of Nike and identifying
performance status of the company through analysis of financial statements.
TASK1
1) Impact of BREXIT and COVID-19 on performance of Nike
International Finance: international finance is a mechanism through which countries
decided their exchange rate, value of shares which help in transaction and identify growth
performance of organization within world economy. It is essential part of fiancé as it is the
link between two or more than two global organizations (Ferrero, Gross and Neri, S.2019).
To maintain the mechanism of international fiancé concepts world trade organization,
world bank, international monetary fund, has been established all these are regulate and
supervise all transactions of organizations related to exchange of currencies, trade of goods
and services in global market economy. Ma y factors are effected elements of international
fiancé, at present time world economy goes down and international fiancé system suffers
from many problems due to BRITIX agreement and COVID 19 dieses. Effect of these two
on Nike has been described below:
Impact of BREXIT agreement on recent performance and development of Nike
In December 2016 Britain decide to leave their membership with European
countries due to their decision it will adversely impact on the economy of Britain and value
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