Entrepreneur: Tips to take advantage of the dollar decline and grow your business

In recent weeks, the exchange rate had maintained a downward trend in terms of dollar price in our country, which meant a direct influence for businesses, which have been able to achieve multiple benefits in the face of the downward trend in foreign currency.

If you have a business, small, large or medium, it may be an opportunity to take credit from the drop in the price of the dollar, which can affect your account balance at the end of the month. In this sense, Rosa Félix, co-founder of Tucambista, an online exchange house, shares five recommendations so that your business can benefit from this situation.

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• Pay your debts in dollars: If you are one of those entrepreneurs who has a debt in said foreign currency, you will be able to see yourself favored with the downward exchange rate, since you will be able to advance part of the payment of your debt in dollars and thus improve the finances of your business. .
• Buy dollars: Saving is always one of the objectives of companies and when the exchange rate is low, an optimistic scenario is presented to buy dollars, since we have the option of acquiring a large amount and thus save some soles for future investments in said currency. .

• Save on your production: If your company imports products from other markets with a foreign currency, it is best to take advantage of when the price of the dollar is falling to acquire them, which will also allow you to save on expenses.
• Find the best exchange rate: when you exchange small amounts of money, the difference in the exchange rate may not be very relevant. However, for a company, pennies can turn into big losses in exchange. Be sure to research the best day to exchange your currencies for maximum profits and for added security.
• Invest: Different entrepreneurs also bet on investing in shares, which can generate profitability. This action could cause them great benefits, as long as they take into account various factors, such as the global situation, how the exchange rate moves in different markets and also the risks involved.

One of the fundamental aspects of a business is to optimize costs and in foreign exchange, the impact can be taken advantage of or suffered, according to your choice. Therefore, before exchanging dollars, take these recommendations into account so that you can take advantage of the best exchange rate, which will help your business grow.

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