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USD Price Dropped 10% Due to Exchange Rate

Hawton Floor / News  / USD Price Dropped 10% Due to Exchange Rate

USD Price Dropped 10% Due to Exchange Rate

Last 2 months, Chinese RMB depreciated rapidly against US Dollar, on July 1st, rate is still around 6.3, before the deadline for publication, rate already exceed 6.85, which means our USD price drops around 10% since June.

In 2018, prices of raw materials have grown rapidly in China’s, total exports have fallen significantly. This exchange rate change is believed to have a positive impact on our exports.

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