The panic about the dollar
Post 1 of 6
My friends,
The dollar is so weak these days and there are fears that it might face "a full-blown dollar crisis".
How many of you stock the dollar?
Do you think the slide has or will affact your business?
04 Dec 2007 23:11
Post 2 of 6
Replying to [Kinty]: you should watch the dollar carefully, if you have anywhere in you budgeting or financial forecasting if the dlr is an exhcange rate the figures wil change. for example if you shipped goods in august at 50 dlrs, how much will it cost you today to ship the goods. if it 100 dlrs check yorur budgets and figures.
07 Dec 2007 03:08
Post 3 of 6
Replying to [Kinty]:
Currency variations ALWAYS happen, and they ALWAYS affect business - postively or negatively. It all depends on where you stand when the rates move.
Irrespective of whatever people might tell you, do not make your financial plans based on any firm projection/prediction. FIRM projections - whether in stocks or bonds or exchange rates or oil prices - are firm only for the next few minutes. No one can predict anything for the medium or the long term with any certainty. No one ever has (with the rare exception of, may be, George Soros).
Since your business in NOT risk management or making money on currency trading, always cover your exchange rate exposures and currency risks. The downside is too dangerous to contemplate.
Currency variations ALWAYS happen, and they ALWAYS affect business - postively or negatively. It all depends on where you stand when the rates move.
Irrespective of whatever people might tell you, do not make your financial plans based on any firm projection/prediction. FIRM projections - whether in stocks or bonds or exchange rates or oil prices - are firm only for the next few minutes. No one can predict anything for the medium or the long term with any certainty. No one ever has (with the rare exception of, may be, George Soros).
Since your business in NOT risk management or making money on currency trading, always cover your exchange rate exposures and currency risks. The downside is too dangerous to contemplate.
10 Dec 2007 19:59
Post 4 of 6
Replying to [Kinty]:USA is sinking down ,the devaluation of USD is destiny.When do business with payment of USD,you should take a ccount of the risk of exchange rate .
20 Dec 2007 17:08
Post 5 of 6
Replying to [Kinty]:
We should convert our Dollars in EURO
Euro is going on stronger day by day
ID int786
We should convert our Dollars in EURO
Euro is going on stronger day by day
ID int786
20 Dec 2007 23:49
Post 6 of 6
Replying to [int786]:
You could also try forward contracts or option contracts. Do speak to your banker who would be able to guide you as to how to protect your prices/quotes.
You could also try forward contracts or option contracts. Do speak to your banker who would be able to guide you as to how to protect your prices/quotes.
22 Dec 2007 19:25
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