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Taking Advantage Of A Weaker Euro
By Lim Meng Liang of SG Online
Its all over on the papers and the news, Greece with its fiscal deficits have dragged the Euro into a mess. Well from a strictly financial viewpoint the future of the Euro does not seem too bright right now, but what would all this mean on a personal or corporate basis? The EUR/USD trade is currently trading at 1.2452 (9.46 EDT, 14 May), its a piece of information i got off yahoo finance, similarly i found out that the EUR/USD traded as high as 1.5144 just several months back - a 20% drop just within this few months. Well the figures might be hard to swallow for some but it is a clear opportunity for any enterprising housewives or businessmen. For Businesses Europe is filled with makers and manufacturers of a wide range of products and goods, from wines to cars or even art, with the drastic drop of the Euro, a wide range of businesses can take advantage of Europe's summer sale. The weak Euro presents businesses all around the world a valuable chance to import goods from Europe that were previously too expensive. Many opportunities would eventually arise due to the time lag that certain industries would need to re-price any goods. It would be a wise time to establish trade links in Europe and fish out some good deals that might mean a lot for your business. On a personal level European goods have just gotten cheaper, if you are thinking of purchasing certain standard retail items like electronics or books, think of Europe. With the sudden drop in the strength of Euro it would not be impossible to find items with a standard retail pricing to cost less, such items might include cameras, video games and a whole range of products.
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Thank you for sharing this good advise for those in a position to take advantage of the drop in the Euro, Lim Meng.
Keep up the good work.
Best wishes.
Frederick
It's time to buy! Thank you for this advice, Lim Meng.
All the best to you,
Laraine
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