Do you know what currency to quote?


The easiest thing to do is to quote the price in your local currency. Go the extra step and convert it to a currency they understand.

If you are not sure what currency to use, just use US Dollars, which is the international currency.

Of course, if you are dealing with somebody regularly, then you should know their preferred currency.

Domestic Transactions

Use local currency. E.g. Australian company billing someone in Australia:

Our price is $1,000

Figure: Bad example - The client doesn't know whether it's AUD or USD

Our price is AUD $1,000

Figure: Good example - AUD makes it more clear

International Transactions

Known Local Currency

Use their local currency. E.g. Chinese company billing someone in Australia:

Our price is CNY ¥1,000

Figure: Bad example - The client will need to convert it

Our price is CNY ¥1,000 (about AUD $160)

Figure: Good example - AUD gives a clear understanding of the costs

Unfamiliar Local Currency

Use USD. E.g. Chinese company billing someone in Brazil.

Our price is CNY ¥1,000

Figure: Bad example - The client will need to convert it

Our price is CNY ¥1,000 (about USD $160)

Figure: Good example - USD gives a clear understanding of the costs

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