Really? They do not keep the quote from the time of agreement?Then there was the order that went from $2,500 when I placed it to $3,500 when it was time to pay.
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Really? They do not keep the quote from the time of agreement?Then there was the order that went from $2,500 when I placed it to $3,500 when it was time to pay.
The exchange has never fluctuated that much.....
Can't we enlist some currency speculators to help us out here?
It is actually alarmingly easy to trade currencies - and to do so with borrowed money.
Thousands of investors have cashed in on Japan's low interest rates"”the lowest in the world"”and the Bank of Japan's reluctance to raise them for fear of deflation. These investors, many of them ordinary Japanese housewives, have managed this through what is known as the "yen-carry trade".
Here's an example of how it works. A Japanese investor"”let's call her Mrs. Nakamura"”borrows yen to buy U.S. treasury bonds. Since the cost of borrowing in Japan is so low, she can make money merely due to the difference between the T-bills' interest rate, somewhere just north of 4.5 percent depending on the maturity date, and the almost negligible rate of interest she pays on her yen loan. Even better, because the yen keeps sliding in value against the dollar, Mrs. Nakamura can sell her T-bills for dollars, buy more yen with them than the amount she orginally borrowed, and pocket the difference. Yatta! (as the Japanese often say when they're celebrating.) For now, it's a win-win investment.
On the other hand, those of us less wealthy customers definitely cut back on the total pairs of shoes, etc. we order when the prices spike up...and tourism must also be an important part of sales. With London so expensive, it must hurt Jermyn Street and Savile Row.
Suppliers on the Row I know have always said their business sees a distinct decline whenever the pound is above $1.80.
Makes the NYC tailors seem like a relative bargain.
Time to travel South of Rome. At least it will be once they re-start garbage pickup.
Now that's a field trip I can get behind. Does TipTop have a store in Rome?