Do you know in what currency to quote overseas?
21/06/2018 3:55 PM by
The easy thing is to just quote the price in your local currency. Go the extra step and convert it to a currency they understand.
If you are not sure what currency to use, just use US Dollars, which is the international currency.
Of course, if you are dealing with somebody regularly, then you should know their preferred currency.
E.g. Chinese company billing someone in Brazil:
- Our price is CNY 1,000
- Figure: Bad example - the client will need to convert it
- Our price is CNY 1,000 (about USD $160)
- Figure: Good example - USD gives a clear understanding of the costs
Do you feel this rule needs an update?