Our latest survey on Tamebay is about foreign currency exchange and your attitudes to it. What services do you use? How important a concern is it? How could you be more efficient? Could you save money?
With sterling experiencing weakness on the international currency markets following the Brexit referendum, marketplace sellers are experiencing a period of significant volatility when it comes to cross-border trade. The cost of acquiring stock from overseas has risen but foreign buyers also see purchasing UK goods as attractive because of relatively lower prices. The lack of clarity on the eventual Brexit terms regarding the free movement of goods between the UK and EU means that retailers are hesitant about making decisions about investing in European sales.
And thinking into the long term, will trading internationally be part of your growth strategy and how will that mean you’ll be dealing with currency exchange? It’s a big and growing topic that we detect a great deal of interest in from Tamebay readers. That’s why this survey will be the basis of a white paper about the topic of ‘FX’ or foreign exchange due to be published in the autumn.
Obviously, all your answers will be treated anonymously and with confidence. But we’d also love to talk to some sellers and respondents to get some anecdotal, qualitative insights into what is important right now. You have the opportunity to opt-in for an interview and hopefully we can have a conversation. It will be great to talk to some of you in due course.
Needless to say there is an incentive. You can get your hands on a £100 Amazon voucher by taking the survey which you can find here. It shouldn’t take you much more than 5 or 10 minutes. And we’re grateful for your time.