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  #1  
Old 11-19-2014
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Default Euro to usd, usd to gbp

Hi everyone, would just like to start a discussion on exchange rates and how it affects your business.

Barclay's have released their estimates for 12 month, that they think the EURO to USD exchange rate will drop to 1.10 (currently very low at 1.25)

For me this means, everyting will cost me more as now my products become more expensive, and pretty much, eats all my profit. Unless i start charging more, but i cannot see other users going this, as they may buy directly in USd or other currencies....

This is an open discussion and would love to hear what you guys think!

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Old 11-19-2014
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Default Re: Euro to usd, usd to gbp

Not much anyone can do about the exchange rates when operating outside the US.
For good or bad - Its a part of doing business.
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Old 11-19-2014
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Default Re: Euro to usd, usd to gbp

ye thats true, but im paying my "chinese" supplier in USD?
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Old 11-19-2014
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Default Re: Euro to usd, usd to gbp

I mainly exchange by paying off my credit card balances...they have one of the optimal rates out there
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