BMW says hedged less than two-thirds of FX exposure


FRANKFURT, March 18 (Reuters) - German luxury carmaker BMW AG said on Thursday that it had hedged less than two-thirds of its foreign currency exposure for 2004.

"We've decided to move away from the two-thirds (level), but are saying we're hedged to a large extent to provide security," Chief Financial Officer Stefan Krause told an analysts' conference.

Krause said that it was difficult to estimate how car volumes moving between the various currency zones will develop so early in the year. BMW has typically hedged about two-third of its currency exposure in recent years.



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