South African computer hardware wholesalers use various mechanisms to manage the impact of volatile exchange rates on their businesses.
After the brief recovery, the rand retreated to around R19.30 per dollar towards the end of February — its weakest point so far this year. MyBroadband asked Esquire, Mustek, and Syntech about how they manage the impact of volatile exchange rates on their operations. “Prediction of exchange rates is a very tricky and risky game, and Mustek rather focuses on elements within its control and has hedging processes in place to manage exchange rate exposures.”
Dreamware Tech director Brent Raftopoulos said sales numbers aren’t directly impacted. However, he said customers tend to err on the side of frugality when ordering.