Closing Rate


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Closing Rate

The exchange rate for two currencies at the end of a period of time, such as a trading day or month.
References in periodicals archive ?
In the morning session of trading in US dollar, the minimum rate was 376.80 tenge per dollar, the maximum - 377.36 tenge, the closing rate was 377.35 tenge per dollar.
The Exchange Companies Association of Pakistan (ECAP) reported the closing rate of open market was Rs138.50 which was 40 paisas higher than the closing rate on last Friday.
By investing in telemarketing, cost only increases from $2,849 to $3,149, assuming there is no increase in closing rate. If closing rate goes up to only 20 percent, the cost-per-sale would fall to $1,574, saving $1,275 per sale.
This time we'll invest more in the telemarketing function in an attempt to increase closing rates. See figure E for an example.
Similarly, currency dealers in the open market said the dollar was sold at different rates but closing rate was not more than Rs121.85.
In its prime, the control package pulled an average of 1.4 percent with a closing rate of 14 percent.
As you can see in Chart Y (below), if a cooler offer depresses the response rate to 0.8 percent and there's no increase in the closing rate, the cost-per-sale increases to 7.4 percent; a drop to 0.6 percent would increase the cost-per-sale to 9.2 percent.
If the sales manager will commit to a higher closing rate, test the package; if he or she won't, don't.
Even if closing rates fall to 12 percent, you can still hit target if you can lift response to about 1.5 percent.
Do you believe that the field sales force can improve closing rates on the "cool" package enough to make up for the loss of response?