Robot prices to increase due to USD gaining strength

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Robot prices to increase due to USD gaining strength

Post by limor » Thu Sep 18, 2008 1:01 pm

Post by limor
Thu Sep 18, 2008 1:01 pm

as you all know, Asian suppliers traditionally use the USD as the base currency for commercial transactions. During that past 3 years exchange rates were pretty stable so using GBP as base currency was usually beneficial.

But unfortunately this is no longer the case with a 15% drop in the value of the GBP compared to the USD during the past 2 months, and so robot prices (and probably prices of most anything else manufactured in Asia and USA) will be going up soon.

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as you all know, Asian suppliers traditionally use the USD as the base currency for commercial transactions. During that past 3 years exchange rates were pretty stable so using GBP as base currency was usually beneficial.

But unfortunately this is no longer the case with a 15% drop in the value of the GBP compared to the USD during the past 2 months, and so robot prices (and probably prices of most anything else manufactured in Asia and USA) will be going up soon.

Image
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Post by limor » Fri Oct 24, 2008 12:12 pm

Post by limor
Fri Oct 24, 2008 12:12 pm

We thought it couldn't get any worse..
But it did..

We are now back to the levels of 2002 for GBP/USD and 1994 for GBP/JPY..


Image
We thought it couldn't get any worse..
But it did..

We are now back to the levels of 2002 for GBP/USD and 1994 for GBP/JPY..


Image
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