On Thursday 20 March 2008 16:05, Stroller wrote: <snip>
> But we must remember that an importer has to tie his own money up in > stock (money that could otherwise be earning interest for him) and > gamble with the currency exchange rates. If he buys when the dollar > is at 1:X and the exchange rate changes disfavourably to 1:Y, then > he has to swallow the difference on all his existing stock. <snip> Actually the best way to handle that is to buy currency at a fixed, guaranteed price. ukforex (no affiliaton) do this sort of thing. I don;t understand why more people don't do it. If you're importing stuff on a regular basis it just makes sense.. Andy _______________________________________________ Openmoko community mailing list community@lists.openmoko.org http://lists.openmoko.org/mailman/listinfo/community
