Chinese Yuan (CNY) Lowest Level in 4 Years: Source Now from China to Lock In Profits

Author James Mash 14.12.2015. | 17:40

If you’re in the wholesale business, it’s obvious that finding the right source for your product is a key to success. What wholesale re-sellers often forget is to time there purchases to profit more by locking in favorable exchange rates.

yuan_lower

In fact the Chinese Yuan (CNY), also known as the “Renminbi”, is currently at it’s lowest level in 4 years. In just a few month’s the Yuan lost 4% in value. You might think that’s not much, but look at the business case below:

  • Let’s assume you’re currently buying a product at 80 USD and selling it for 100 USD. You’re profit is in this case 20 USD or 20% of the sales price. Now that the Yuan devalued by 4%, you can now source the same product for only 76.80 USD. Now the profit becomes 23.20 USD, which is an increase of 16% in absolute terms!

Visit Chinavasion.com today to source electronics and gadgets to lock in your profit margin now!

Author James Mash 14.12.2015. | 17:40
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