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Old 7th July 2015, 09:15 AM
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KeithW KeithW is offline
Barn door? Where?
Join Date: Feb 2012
Member of: Cambridge
Location: Nr Sandy, Beds
Posts: 173
Default Re: Importers / distributors ripping us off

If the shooting business is like any other that I know, importers will generally contract to buy a fixed quantity of a product at a specified price. Very often they will contract foreign exchange "forward", which means they get a fixed exchange rate for several months. If the exchange rate moves in their favour (the other currency rises) they (and their customers) potentially win. If the value of the sterling rises it means that someone (eg, you, me or a local retailer) who buys from abroad during this time can import the product at a lower cost than the importer has contracted to.
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