It is a changeable year for the RMB to USD exchange rate at the year of 2020 year. Exchange rate from 6.85 to 7.71 in the first half year, and in the next half year drop dramatically to 6.57, maybe even 6.3 at December as economist predict. It is a great challenge for the foreign trade enterprise, especially the block trades steel pipe.

As to the rate change risk, our company active take all kinds of measures to avoid the risk and provide the best solution to our customers.

First, update the price list real time, as to customers, placing order earlier will be better to get the best price.

Second, that payment as RMB, to reduce the risk of RMB to USD exchange rate dropping and get the best price solution.

We believe that under Xinyue active measures for the USD to RMB exchange, we will stay move forward with our clients, and win the foreign train highlight times together with our clients.

Written by Lynne