Import and export are the basic need of any country because a country cannot run with isolation without getting or sending goods and products to other countries. It also change the economical balance of a country, when there is more export and less imports then it is considered to be an ideal situation. Usually big companies or sellers will import in bulk and then they resell those goods to the local community. Toyota Company also doing Toyota Hilux Dubai export in which it exports to other countries its entire shipment or few luxury cars. They use car export UAE as a business to get more income to their country and get more benefit for their business. There are a few things which an exporter should consider before thinking about exporting cars.
Currency: First think is that the exporter and importer should decide a currency in which they make their deal. Usually this currency is Dollar as it is considered as the most influential currency and used worldwide for import export business. Deciding one currency is very important in order to stay away from any dispute.
Dollar rate: Then it comes to consider the Dollar rate. Rate of every currency is usually changing on hourly or daily basis so it is possible that when you make a deal then the rate was 6 Riyal per Dollar and when you get the money then it will be 4 Riyal per Dollar so you need to decide the rate too if you are making deal with a country that also uses the same Riyal. You need to decide that which rate is applicable. This problem does not occur when two countries have different currency because they will have to pay in Dollars and if Dollar goes up the exporter will be benefitted and if it goes down then importer will be benefitted.
Inflammation rate: When both countries have different currency then inflammation rate will have a great effect on the import and export business. If the currency of the importer’s country goes down as compared to Dollar then the importer will have to bear loss because he has to pay more than he expected. To avoid this situation it is important to decide on which rate you will pay, either on the rate at time of deal or at rate of paying the amount to exporter.
