All posts tagged Germany

Foreign currency exchange rates Influences and retail options

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Buying foreign currency is an act of purchasing certain currency which is not the form of money that is generally being used and circulated in your own country. For example, if you are in the US, the generally accepted and used form of currency is the US dollar. If you reside in Germany, the local form of money that is generally circulated and used in almost all business transactions in the country is Euro. Therefore, if you want to have Euro, and that you are in the United States, what you should do is to but foreign currency. The price in buying foreign currency is determined by the ever-changing currency exchange rates. Foreign currency exchange rate is deemed ever-changing since it varies for from hour to hour and from time to time. Literally, the exchange rates are largely influenced by the issue on supply and demand of the currency subject to the exchange. The currencys supply and demand is also influenced by different issues that include market psychology, political conditions, and economic factors. Hence, in buying foreign currency, it is better to consider these factors. The market psychology as well as traders perceptions on a particular market can possibly affect and change the foreign currencys price. Political conditions, as another factor, can be international, regional, or internal. This condition profoundly impacts on the value of the money in purchasing foreign currency. As an example, if one nation currently experiences political leadership, investors may raise their doubts and lose confidence which may consequently lower the currency value of the nation. The economic factors that affect foreign currency exchange include the regulations which the government agencies disseminate; the economic conditions revealed by government and non-governmental institutions, as well as other indicators in the economy. Where to purchase foreign currency

There are many competing stores in the United States that offer good deals in buying foreign currency. Their competition generally evolves in making the best offer of currency exchange in their area. As the buyer, it is important for you to take note of the exchange rates these competing stores offer and select the one that make you the best exchange deal.

Another option where you can make your foreign currency buying is the airports. However, airports rarely offer better exchange rates than others do; so, it is suggested that you make your purchase of the foreign currency before you had to the airport. Around the world, almost every airport says that buying foreign currency is easy once you land at you r destination. But once again, buying foreign currency is typically not so good in airports since they offer a bit higher exchange rates. Not all airports have offer currency exchange. You also do not intend to land in a place where currency exchange desk is not available, anyway.

If you started your foreign travel or vacation already, and then you need to buy foreign currency, you may as well purchase foreign currency from many large hotels aside from the many currency exchange retail stores. Like the airports, hotels do not usually offer fantastic rates. But if buying foreign currency is needed, hotel is another option for you.

Top Import And Export Products In China A Guide For Business Trends

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China has one of the largest economies in the world. The nation also stands first in terms of its population. Due to its cheap labor cost, the country is known for its low cost and good quality products. Thus, numerous countries all over the world prefer to import goods from the country instead of manufacturing by their own. Therefore, China exports voluminous quantity of goods all over the world every year. Major industries contributing in its economy are manufacturing, clothing, and electronics. Most of these industries require high labor work. This is also a reason behind the nations unemployment rate that is 6.4 percent, much lower than the global average unemployment rate that is approximately 9.

Good quality and low cost products have played a major role to empower nations economy in the last decade. Now, China has a strong and growing economy. Due to its growing financial system, several global trading firms are focusing on the open business opportunities in the territory. To have an In-depth understanding of its market, import and export data has proved a useful tool in recent years. Now, many companies are analyzing business statistics of commodities dispatched and received in China to understand the market trends.

Import and export data contains useful records about business trends. It contains Imports and exports value and quantity. It also includes complete information about the sender and receiver, ports details where goods have been dispatched and received, manufacturer details, shipping cost, custom duty, lot size, shipping root and other information. It helps business companies to understand the countrys market and plan their strategies.

Let us have an overview of the nations top imported and exported products:

Top Imported Commodities
China is the worlds second largest importer. In year 2013, it received products for more than USD 1.90 trillion net worth from other countries. Top received goods were electronic equipment, oils, machinery, ores and medical apparatus. Apart from these commodities, fastest growing products were cereals, art and antiques, collector items, dairy products, honey, egg and meat, coffee and spices. Japan, United States, and Germany were the three big exporters. Japan, United States and Germany contributed around 8.3, 7.9, and 4.8 percent of total imports respectively.

Top Exported Commodities
China is also one of the biggest exporters of goods. In 2013, the country exported goods worth around USD 2.2 trillion. Top items in demand were electronic equipment, machinery, crochet clothing and accessories, furniture and lightening products, optical and medical apparatus, irons and steel, footwear and automobiles.

You can hire a data service provider to get the complete China Import Data. Due to high demand of business statistics, these days several firms are collecting and managing wide range of business records as their core function. These service providers collect business records from various sources. They validate, store, and manage these records efficiently in order to cater needs of their clients.

Data service providers are easily available on the Internet. They provide data on demand. They have online portals where you can download required information. On these portals, you can also filter, sort, and perform various other operations on stored records to get the useful business insights.

Experts Predict The Development Of The Automotive Industry In Europe Will Encounter A Bottleneck Pe

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Recently, Germany “report to westdeutsche” has reported industry experts Ferdinand Duden Hove forecast on the development of the automotive industry in Europe. This professor of the University of Duisburg – Essen was pointed out, in 2013, European car manufacturers will face the most serious challenges in the past few decades, and the trend of decline in car sales in Europe only may be able to slow down after 2014.

According to Ferdinand Duden Hove forecast, for the European automotive industry, 2013 will be the most difficult year in decades. He pointed out that in Europe, especially in the automotive industry in southern Europe, is facing the most severe test since World War II. In the past year, car sales in France and Spain suffered huge losses

The University of Duisburg – Essen CAR Automation Research Center director said: “The euro area long-term economic slowdown of the European car market will face a more difficult situation in 2013.” 2013 and 2014 will be the bottleneck, and downward trend may stop after 2014. Duden Hough added: “so far have not been able to detect the signs of recovery since the economic crisis.”

Russia and India will overtake Germany as the auto market
Under Duden Hough forecast, in 2013, Europe car sales will less 3.5 million than the same period in 2005. This figure is equivalent to the annual sales of 12 plants. Duden Hough also speculated that most of the region will face a situation of overcapacity in the future. Whats more, he also believes that the government of the southern European countries will be funded aid the car manufacturers.

Duden Hove further pointed out that the balance of power of the global automotive industry will change. Although the United States as a sales market leading position will not change, but the German car market has gradually lost its importance. To Duden Hough estimates, “From 2015 onwards, Germany will no longer be the top five of the world’s largest auto market.” Russia and India are likely to overtake Germany before that.

Spain’s car industry assistance projects
While German Automobile Industry Association (VDA) submitted to the 2012 sales statistics on last Thursday, the automobile industry in France and Spain also announced its sales in 2012 this black year. French car manufacturers (CCFA) announced on Wednesday, in the past year, there is only nearly 19,000 new cars registeredwhich is the lowest figure in 15 years. Compared to the same period in 2011, new car sales fell by nearly 14%.

According to the Automobile AssociationANFACStatistics, Spain car annual sales in 2012 has a decrease of 13.4% over the same period last year. In order to promote sales, the Spanish producers and the government have drafted an aid proposal in November 2012. Until March of this year, if the Spanish car owners to scrap his more than 12 years old car and purchase the more environmentally friendly cars, they will get a bonus of 2000 euros.