The Depreciation Of The US Dollar Has A Profound Impact On &Nbsp; Overseas Luxury Goods Purchasing Business Is Booming.
US dollar depreciation
Some American overseas buyers have begun to switch to the US.
Ms. sun is a business representative of a foreign trade company in Changchun. She is responsible for purchasing overseas.
In recent years, apart from paying attention to the prices of the major luxury goods in the world, she has always been concerned about the fluctuation of the US dollar exchange rate.
The reason for her to do so is that the US dollar has depreciated again and again, compared with the purchase from Europe, so that we can get higher returns through the US.
"Look, the dollar has depreciated again. This has been going on for several days, and this has brought great impact to the company."
Ms. Sun said the luxury industry is particularly sensitive to the depreciation of the US dollar and the appreciation of the renminbi. Public information shows that at least 75% of the luxury goods are sold from Europe to other parts of the world every year, of which the United States and Asia are the major markets.
With the increasing purchasing power of Chinese people in recent years, people's desire to buy luxury goods has reached the highest point.
"The impact of the depreciation of the US dollar has already been pmitted.
Terminal goods
A new round of price rises from October to now has made some luxury goods companies unable to sit on their feet. They can only make up for the losses caused by regional exchange rates by raising prices.
She told reporters that the US dollar has depreciated again and again, and the company has begun to contact purchases from the United States, trying to find new sources of goods to reduce exchange rate risk.
Like Ms. sun and her company, now many are engaged in
Overseas purchasing
Businesses in luxury businesses are beginning to notice the arbitrage opportunities brought about by the depreciation of the US dollar, and the US purchasing orders have risen sharply.
Ms. Sun said, for example, a leather bag of a luxury brand is priced at US $1000 in the United States, plus taxes and purchase fees up to US $1100, which is converted into RMB (according to 1 yuan to 6.64 yuan RMB) as long as 7304 yuan. This price is not only cheaper than domestic counters, but also more than 100 yuan over the same purchase in Europe.
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