Posts Tagged ‘exchange rate’
Learn how an elite group of RMB trading hubs can save you 8% on your China sourcing.
In our blog post “Pay suppliers in RMB and save big” we explained how Chinese suppliers commonly build a “buffer” into dollar-denominated contracts to guard against exchange rate risk. This buffer is around 8% in some cases. That’s a lot of money. Paying in RMB is one way to avoid this 8% mark up. But…
Read MoreRMB’s exchange rate more flexible. Your risk just doubled. What to do?
The China Daily runs the headline “Yuan’s trading reform gains momentum, risk prevention needed.” Expanding the yuan’s floating band is a significant step of the yuan’s trading reform, but will also increase trading risks for export-oriented firms and banks in the short run, said Lian Ping, chief economist with Bank of Communications. The exchange rate…
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