It's an understatement to say that currency markets have been volatile over the past few months. Actually, it's been more like a thrill ride at an amusement park. For dealers already busy managing price fluctuations and market uncertainty, currency changes make the job even harder.
Let Tradeloop's Currency Calculator help you monitor that part of your business. It's a quick and easy way to check exchange rates and calculate total product cost in over 175 different currencies. We update the exchange rates daily.
You can access the currency converter from the "Trading Tools" section of your "My Account" page or visit the currency page directly at http://www.tradeloop.com/currency/.
The "Trading Tools" section contains another useful currency option. The "Sitewide Settings" section lets you change the default currency setting that displays when you view pricing and post inventory. It's important to have your preferences set correctly when pricing your parts. The system defaults to US dollars unless you change the setting. If you're setting pricing in Euros, but leave the default in place, then buyers who display in US dollars will see the wrong price because the system won't convert from Euros to Dollars.
Tradeloop's currency calculator and pricing options help members deal with price fluctuations and avoid misunderstandings. These important tools make your job easier.