Going Global?

Make sure to take currency fluctuations into account.
1 min read
Opinions expressed by Entrepreneur contributors are their own.

Often, the number of dollars it takes to equal a unit of a particular foreign currency can make the difference between a deal worth doing and a deal that would be a disaster. When the dollar is weak against a foreign currency--meaning it takes more dollars than usual to buy a unit of the foreign currency--it strengthens exporting entrepreneurs. If the entrepreneur keeps prices level, those prices look lower to a buyer dealing in, say, Japanese yen or Mexican pesos.

Excerpted from Grow Your Business

More from Entrepreneur

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

It Started As a Joke and Turned Into a Startup That Raised $1 Million in Funding