How to solve exchange rate variation in export business:
You can open a US Dollars account with your bank and receives money in US Dollars. As and when you need to convert, you can do so with the exchange rate of converting time.
In some countries, there are facilities to block the exchange rates till the requested period. This will also help the exporters to enter in to contract without any difficulty.
Olden days, frequent variation of exchange rate was highly threat for export business.
The above information is a part of Import Export Training online.
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