EUR back to Strong?USD going DOWN?
- Tuesday, September 23, 2008, 8:56
- Finiance
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Before the exchange policy from the Jan.1st to the Dec.30, the whole year USD/RMB=8.267
But today: USD/RMB=6.79, how about the percentage? 17.8%
Regarding the exchange rate EUR/RMB, within 50 days, the number from 10.7 to 9.5 and then back to 10.05. What it means?
Cause all of our profit calculated by RMB, for example if our profit is EUR1000.00, calculated by RMB
1070(EUR/RMB=10.7)
950(EUR/RMB=950)
1005(EUR/RMB=10.05)
If we confirm the order with EUR/RMB=10.7, and 30 days later when we get your payment with EUR10000.00, if EUR/RMB=9.5, then we will lost RMB=107000(10.7*10000)-95000(9.5*10000)=12000
That’s 11.2%, We can’t burden so big range.
During the last one year, USD/RMB from 7.2 to today’s 6.79, and the EUR/RMB FROM 10.3 TO 11.10 and then back to 9.5, and these days, EUR/RMB back to 10.04.
But please noted, the USD/RMB around 6.8 for about 60 days at least, at the same time, the EUR/RMB from 10.7 to 9.5 and then back to 10.00, It looks like the EUR becoming stronger again.
Reasons as below:
USD going down/finiance system looks like on the breaking way for USD.
Is it ture? if USD BREAKING, how is the EUR? DO?
TONNY 080923 @RiggingLifting.com
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