In recent years, it also started an annual companion ranking called the "Singapore International 100", recognising the nation state's largest companies by overseas revenue.

Revenue from domestic operations increased 48 percent in the third quarter, versus 18 percent for overseas revenue.

However, it did better internationally in recovering its losses, grossing a total of $132 million in overseas revenue.

That means Avon's biggest worry stemming from the currency markets is when to convert the overseas revenue into dollars.

Last year the holding company's overseas revenues grew more than 20 percent, or more than twice as much as domestic growth.

Sales growth has probably reached a peak, in her view, unless an unexpected drop in the value of the dollar stimulates overseas revenues.

Rompala's contributions at Valspar enabled them to increase their overseas revenues from 3% in the mid-1990s to nearly 30% by 2004.

Many American companies are becoming traveling salesmen on a gargantuan scale, increasing their overseas revenue just when it is needed most.

Growing Television Markets Certainly, the fluctuation in the dollar affects overseas revenue.

Domestic consulting firms are growing by more than 10 percent a year, while overseas revenues are expanding at an annual rate of 30 percent.