Shishi Shoe Enterprises Rely On Exchange Market Changes To Win The Initiative

5 RMB pairs dollar The middle price of the exchange rate has gone up slightly. Some people predict that the future RMB to us dollar exchange rate intermediate price will still "moderately short" 5%% 10%%'s depreciation. Although some people have calculated an account, when the latter part of the month is a large quantity of foreign exchange receipts, the timely devaluation of the renminbi and devaluation of 1%% means that it can increase 1%% profits for textile exports.

Nevertheless, some export enterprises of Shishi have not "fully worried about the fluctuation of exchange rate". They have begun to stabilize their emotions and focus their efforts on improving their quality. They try to predict exchange rate changes in a timely manner and rely on the increase of added value to win the main right in the normal fluctuation of exchange rate.

"Passively following the exchange rate will become more passive." This year, Shishi family footwear industry In the great turbulence of the foreign exchange market, the enterprises insisted on the settlement of RMB exchange. Not only did they lose much fear, but they also made a huge profit. In the first 10 months, the company exported shoes of $about 35000000, and if half of its exports were settled by RMB, it was then. US dollar depreciation The rate of invisible increase is also considerable in terms of 56 points.

It is not easy to adopt RMB exchange settlement in the international market. With the position of the US dollar in the international financial market, the quotation and settlement of foreign exchange in the US dollar is a common practice in the international market. If you want foreigners to buy your goods, the initiative is on the other side, and the other party will definitely ask for settlement in US dollars. But this one Shoe enterprises However, by virtue of the special quality of products and their extraordinary "right to speak" at the negotiating table, the inclination of this internationally traded balance is reversed. shoes We must use RMB to settle foreign exchange. "

This shoe enterprise can make the balance of foreign exchange to the side that is advantageous to oneself, it is basically "can afford to talk hard". Behind it, there are excellent quality and "always new" style to support. The company has advanced production lines and highly skilled workforce, and has set up a design team composed of more than 60 multinational designers. Shoe enterprises You know. So this year, the phenomenon of "queuing up with orders coming to the door" has repeatedly appeared.

Some time ago, when the US dollar depreciated sharply, many enterprises in Shishi were unable to cope with the uncertainty of the foreign exchange market. A well-known exporters in the city believed to "exchange in euros", and quickly changed millions of dollars into euros, and tried hard to persuade foreign businessmen to settle in euros.

However, it was not expected that the euro exchange rate against the US dollar began to drop sharply from the previous 11 points to 8 points just after the exchange. Obviously, the signed and the euro will drop by 2 points. At last, the profits of the company were damaged and damaged.

In the great change of exchange rate, some Shishi enterprises predicted ahead of time that they would have exchanged large euros for the dollar before the euro fell. However, this "follow the exchange rate run" exhausted, most enterprises are difficult to adapt to, to pick up the cheap is a minority. Therefore, the relevant people believe that today's international foreign exchange market is unpredictable. Instead of always letting the exchange rate lead our noses, we might as well try our best to improve the enterprise level and enhance the competitiveness of our products, so that the other side can turn around our products.

It is believed that Shishi enterprises should pay close attention to the exchange rate changes while making efforts to rely on the market "discourse power" to form a "seller's market" which is conducive to their own, and win the initiative in the frequent changes in the foreign exchange market.

Editor: vivi