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General Asylum General audio topics that don't fit into specific categories. |
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In Reply to: Re: Did he quote that in Lira or $? posted by Paul-D on November 8, 2001 at 21:36:02:
One of the oldest tricks in the book is to use an exchange rate that by definition will be favorable to the seller - usually an official gov't rate that you can't actually get from any bank in the country. When our suppliers tried to do this, we used to just pay in $ - and saved about 2-3% of the transaction value. Of course, I work for a large company, so we always could easily and cost effectively transfer $ in and out of most countries - that probably won't be an option for you.Definitely make sure you use bank quoted exchange rates - Otherwise that $2200 product will end up costing more like $2300 when you are done.
JB
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Follow Ups
- Another watch out - Jonathan B 10:10:49 11/09/01 (0)
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