More good news! (Exchange Rate)
More good news! (Exchange Rate) (Dec. 4th, 2008)
On December 1st China's currency (the Yuan) depreciated 0.7% against the USD. That brought the currency back to were it was 5 months ago and is a good indication that the currency will continue to depreciate. This is good news for fireworks as a depreciating Yuan makes your products cheaper.
On December 1st China's currency (the Yuan) depreciated 0.7% against the USD. That brought the currency back to were it was 5 months ago and is a good indication that the currency will continue to depreciate. This is good news for fireworks as a depreciating Yuan makes your products cheaper.
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