Porsche has hedged its exposure to the US dollar until the middle of the 2008 calendar year, the company told Reuters.

The news agency noted that Porsche said in late January during its annual shareholder meeting that it had used financial contracts to hedge its dollar risk until the beginning of 2008.

"We're not feeling any actual impact (from the drop of the euro below $1.19) since we are hedged until the middle of 2008," a spokesman told Reuters.