Currencies are prices. Prices determined by the international financial markets as is the case for other securities: shares, bonds, etc. As with any other financial decisions, before buying or selling,…
Yuan: the effects on import & export
Last August, the Chinese currency (Renminbi or Yuan), experienced a major devaluation. The Central Bank of China removed the limits to currency price fluctuations and cut interest rates. A big…
Understanding exchange rate
Doing business throughout the world is not the same from one country to another. Trading in different languages, culture and time zone complicates the activities. One of the key factors of global business is the…
