What Is The Cost Of Foreign Exchange?
The exchange cost of export commodities refers to: commodity How much is the total cost of RMB per US dollar for export net income? RMB Return one dollar. The calculation formula is as follows:
The cost of exchange for export goods = the total cost of production (RMB) / export sales net income (US dollars).
The total cost of RMB includes: acquisition of goods cost, freight, insurance premium, bank charges, comprehensive assets and so on. The total amount of export tax rebates will be exported if the export goods are tax rebate subsidies.
US dollar net income for export sales:
For export
The dollar income of merchandise minus foreign bank charges, to the customer's Commission discount and other expenses after the dollar net income.
The cost of foreign exchange reflects the profit and loss situation of export commodities, which is an important index to examine whether the export enterprises have economic benefits. The standard of measurement is RMB's exchange rate with the US dollar. If the exchange rate is higher than the RMB to the US dollar, the export of the commodity is a loss. Although there is foreign exchange earning, the export itself has no economic benefit. The higher the exchange cost, the greater the loss. Therefore, in order to avoid losses, we must accurately calculate the exchange cost.
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