The Turkish Lira/USD exchange rate helped us to be aggressive while exporting
date:Jan 20, 2022
ay, but even by the minute. The value of our sales increased, but at the same time our packing materials and labor costs increased due to the lower value of the Turkish value. Using carton boxes while packing has now evolved into our largest expense, therefore we have made our agreements with carton producing companies on very high levels after the US Dollar lost about 40% in value in a single night. It was a real challenge for us, as our costs remained same, but our sales dropped as a result.


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