COVID-19 has been a disaster for the economy and we all can see it with our own eyes. People are short on funding their business projects, there is no work for the daily wager anymore, shops, restaurants, and any other recreational facility has to be shut down. A lockdown is pretty hard to endure, especially for someone who depends entirely on his weekly or monthly wages to survive. Not everyone has savings in their bank accounts to make it through these months. The economic loss in the United States has had its effect on the dollar as well. According to Forex, there has been a dollar dip due to COVID-19.
Apparently, the dollar dip is very closely related to increasing coronavirus cases. A re-emergence of COVID-19 victims will require much more funding to WHO, for them to manufacture more treatment kits to distribute. Some currencies, such as the Japanese yen, Nordic currencies, and the Swedish crown. The Australian dollar and the United States Dollar have been on a slight decrease which is very alarming for online shopping.
How To Shop Online
While some online businesses have increased their rates to generate revenue against the loss, some have lowered their rates as COVID-19 humanitarian sales. Since the dollar has slightly lost value, it can be predicted that online stores may change their rates. To shop online, first one has to find a web store that isn’t opportunist and has not increased the price of its products. Buying products in bulk can save you much more than you can imagine at this time. Having said that, it is an unhealthy activity to hoard groceries at this time. You should try to spend your money wisely on other products, such as electronics, medicine, furniture, and other necessities. They’re cheaper nowadays!
COVID-19 Cheap Deals
COVID-19 has given us some cheap deals in the fashion industry. According to McKinsey and Business of Fashion, stock companies bought collections for spring which is ageing past its prime and items for summer will miss critical selling time. Thus, online web stores have COVID-19, Quarantine, or lockdown sales which you should utilize right now!
Famous fashion and beauty web stores have their sales on right now through discount codes and coupons. Make your move right now!
Discounts up to 30% off on jeans, t-shirts, and joggers are calling out your name at TopShop. So why not have your sweet goods delivered to your doorstep?
20% off all footwear and selected summer styles? You can’t miss this!
Look glamorous and feel the same with 20% off on the queen of fashion’s makeup and skincare icons.
A flat 25% off sale on makeup. Get your credit cards out - now.
ZARA has made its move once again by their ‘special prices’ sale on classic coats, trousers, knitwear, dresses and tops.
You can treat yourself to a small gift for being a good, responsible citizen and staying quarantined at home. Have you made use of the dollar rate in any way? Let us know how the industry has affected you, in any way. Leave a comment down below!