With most global trade, fluctuations in exchange rates impact international firms. Therefore, understanding exchange rates and the financial risk inherent to fluctuating international markets is essential for global business management.
We predominately deal with two foreign currencies CNY and USD. The world has determined that the ideal currency for international shipments is no other than the U.S. Dollar. Companies that work with cargo shipment then would know currency fluctuations matters. Our production facilities are in the far east, and they would need to be settled in the local currency of CNY.
For our company, the risk is mitigated by implementing a systematic hedging programme with a financial intermediary. Customer who wants to benefit from our container rate should understand the risk of fluctuations in exchange rates. Please consult with a qualified financial institution for further information. For those who want certainty on the prices they paid, we can offer a sterling price to door. Although such option offers a much better sense of certainty, this type of arrangement would usually require payment upfront or the price is conditioned to the hedging fees of our company, which needed to pay to mitigate any said risk for the amount anticipated.