Hmmm!!! Folks, let us say the
truth and shame the #devil. Many #Nigerian #non-oil products #exporters have
been defrauded of huge amount of #money in the process of #exporting #agricultural
#commodities and solid #minerals to #foreign #countries. Do you know why? They
were not trained on #export #operations, #management, #documentations and the
best methods of #payment in export #trade. This is terrible!!! Nigerians cannot
continue to lose money to #foreigners in the course of export #business. Exporters,
would you like to keep on being scammed? Why don’t you get a practical manual
that explains the stages of export trade from processing and #packaging of
commodities to receipt of payment by the foreign buyers? It explains export
operations, export management, export documentations and methods of payment in
export trade? Yes, it is a #contemporary step-by-step #guide to export trade.
It tells all the contemporary dynamics in export trade. To get it, click on
this link: http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
During
that period of volatility, depending on the stage of your transaction- exchange
gains and losses were recorded and they were massive! One of the complexities
of international trade is currency fluctuation because trade is usually
conducted between different countries that use different currencies.
This
poses a need for conversion from the local currency to the currency in which
the transaction is quoted which is most times the Pounds Sterling,(GBP),the US
Dollar (USD) and the Euro (EUR).
It is
therefore necessary as an exporter to understand currency fluctuations and the
risks it poses for your transactions. In seasons of currency fluctuations,
currency hedging allows the exporter to mitigate his risk by hedging the
currency position on his transactions to minimize losses that can arise from
currency fluctuations.
Do you know that you will minimize
the amount of #money you spend on #food items when we deliver the #foods items
to you in bulk at reduced #price from our #farms? For details, click: http://www.tectono-business.com/2020/02/fresh-food-items-supply.html
As an
exporter, you can reduce the negative effects of currency instability by
keeping the lines of communication with suppliers open, monitoring currency
changes regularly and drawing up plans to cope with financial instability.
No comments:
Post a comment