Russia Ukraine conflict, LWN prices due to exchange rate fluctuations

Shanxi Haokun flanges Group Co., Ltd. produces LWN flanges of various national standards. The LWN flanges produced by our factory are neatly displayed in our finished product warehouse according to the classification of models and specifications. After the production inspection of the customer's LWN flange order products, they will be timely loaded into the plywood box for delivery. Our plywood box will also put winding film to prevent the collision of LWN flange. It is safer to transport and pack large-size LWN flanges on pallets instead of plywood boxes. When packing our LWN flange in rainy season, we will put desiccant in the plywood box to keep the product dry and prevent rust. Shanxi Haokun flanges Group Co., Ltd. recently received a lot of inquiries about LWN flange, and found a problem that the price of LWN flange fluctuated due to exchange rate fluctuations. Sanctions should have hit the ruble hard, but the ruble exchange rate reached a new high. Since the escalation of the conflict between Russia and Ukraine, the Russian ruble exchange rate once plummeted. However, after Russia took a series of counter actions, the ruble's exchange rate against the US dollar strengthened all the way and soon recovered all the lost land. Behind the military contest, the fierce financial fight is being staged in a silent way. Globally, under the continuous impact of sanctions and anti sanctions, the international market has been turbulent, the global financial order has been severely damaged, and the recent exchange rate has fluctuated greatly. The euro has been falling, and the US dollar exchange rate has increased quite well in recent days. The fluctuation of various exchange rates affects the price of LWN flange. Because our foreign trade does not directly purchase and sell LWN flange in RMB, the fluctuation of exchange rate will affect the price fluctuation of LWN flange.