![]() Because of this, some manufacturers are taking a “wait and see” attitude before making any adjustments in their business. An easy-to-use and reliable international money transfer solution for businesses. Our Exchange Rates API delivers data on 200+ currencies, commodities and precious metals. And many felt no impact on their business. Access data dating back to 1990 for over 38,000 FX pairs, with charting capabilities and each exporting options. While 2015 was a challenging year, some device manufacturers benefitted from the stronger US Dollar, especially those in countries beyond the United States and Europe. However, pricing reductions that produced increased sales did not necessarily raise profits and some manufacturers found themselves working harder just to maintain their current margins. In order to secure new sales agreements and ease the pain for European clients, some manufacturers lowered their prices. They noticed slower sales rates and strained export negotiations, which left some companies facing tough decisions on pricing and market strategy. US-based medical device exporters suddenly saw their products become more expensive to foreign buyers, particularly in Europe. But the Dollar grew so quickly that many industries, including the medical device industry, struggled to adjust. You might expect a strong Dollar to cause celebration, as it marks a growing US economy. The US Dollar grew strong against the Euro and other major currencies throughout 2015. Results are presented as a whole and by region to show which markets were most affected by recent currency rate changes. In mid-2015, Emergo surveyed more than 260 medical device executives to examine how fluctuating exchange rates affected their company’s profitability and sales/turnover and whether they made marketing or pricing adjustments to control potential losses.
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