NO! NO! NO! Oh My God! Poor Exchange Rate. Who Stole My Money?

What has happened in the last few months?

Today: 1 USD = 6.67 CNY

What's the impact of the devaluation of the dollar on our towel industry?

01. RMB Appreciation, While Our Profit Is Even Less.

The sales profit margin of the textile industry will decrease by 2%~6%, which will bring greater pressure and challenges to our textile exports.

02. The Cost Advantage Declined

After the appreciation of RMB, the price of labor force in China is obviously higher than that in India, Pakistan and other neighboring countries.

How to adapt it?

It was said that ‘look before you leap’

We shall be more careful to quote the price and be cautious to do PI. If there is little difference, you may lose everything.

01. In accounting costs, we must reserve space, exchange rate risk into the scope of cost control.

02.For inquiry of new customers, the quotation must be marked two words:

1）Offer is only valid for XX days.( time period )

2）Kindly note that we will update the price when the exchange rate fluctuates more than XX%.

We can't change her, we can only adapt to it

Be yourself, double win.

We are waiting for you.

hamfs.en.alibaba.com