Forums: Discussions for entrepreneurs and small business.

Hi All,

We might be buying a large piece (for us anyway) of capital equipment from Europe - price is about $2.5M.  With the weak dollar, we`re getting hammered on the exchange rate.

One option we looked at was buying some pieces domestically and the rest overseas - due to the nature of the equipment, this is not attractive to either party.

So my question is this - is there anything to be done to try to get around this exchange rate issue possibly from a financing point of view? 

Thanks!

HI Eric:

I doubt I can add much to answer your question, I also pay my bills in Euro, and it is hammering me.  One thing I can say is to check a currency converter, like Tempus Consulting (no endorsement, there are several out there) to get the best exchange rate. My bank rakes me over the coals all the time.  The other thing I would say is get a price quoted in USD. At least then the price won`t change each day.  Finally, is there anything you can do overseas to get paid in Euro to then pay your invoice?
Just thoughts
Bobbie



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Bobbie Floerchinger
Manager, USA
www.MyDirndl.com