Abstract:
Exchange rates are a very important factor for businesses that operate internationally,
especially when franchises are in international competition for the same talent pool. As
an international league, this paper seeks to analyze how teams’ performance in the NHL
is affected vis-à-vis a fluctuating value of currency. This analysis is extended to
Champions’ League soccer, where over 50 countries with different currencies compete in
the same international context. Results indicate that currency value has a significant
effect on success in international competition.
