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Dan S
·It's almost hard to fathom. I guess Europeans won't be buying many watches from the US in the near future.
Parity
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MtV
·🙁
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paddymoran
·I pick up the odd purchase from the US. It
doesn’t seem too long ago when the fx rate was €1 : US$1.40. Unfortunately the euro weakness is not just against the US$. It’s dipped below parity against the Swiss franc making those EOAs a bit more expensive!
doesn’t seem too long ago when the fx rate was €1 : US$1.40. Unfortunately the euro weakness is not just against the US$. It’s dipped below parity against the Swiss franc making those EOAs a bit more expensive!
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tnt9
·We need to sell to US😀
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ATWG
·Great time for a vacation in EU 😀
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noelekal
··Home For Wayward WatchesThis is good for Mrs. noelekal and I are considering a trip to Europe this fall.
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iamvr
·Whenever the EUR dipped below parity against the CHF it was only for a brief intraday movement before it snapped back above parity. The SNB must have intervened each time. Now they seemed to have stopped the interventions and we‘re seeing the EUR below parity for a sustained period.
Being Swiss based I should be in a shopping frenzy buying from the EU and Japan ( the ¥ being ultra weak as well). Unfortunately I busted my budget already earlier this year lol.
Being Swiss based I should be in a shopping frenzy buying from the EU and Japan ( the ¥ being ultra weak as well). Unfortunately I busted my budget already earlier this year lol.
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BlackTalon
··This Space for RentThanks for starting this thread. I meant to start one earlier today. It is supposedly not great for our economy to have a dollar that is strong against the Euro, but I'm fine importing and not exporting.
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Dan S
·Thanks for starting this thread. I meant to start one earlier today. It is supposedly not great for our economy to have a dollar that is strong against the Euro, but I'm fine importing and not exporting.
Well, it will certainly slow down the US economy a bit, and supposedly that is needed to stem inflation. Or so they say.
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TheGreekPhysique
·My goodness. I remember the days going to vacation in Greece and handing them $1,000 and receiving 600 euros back. I almost had a heart attack.
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calalum
·Would people expect prices for goods in the EU to rise so as to maintain relative historical exchange amounts? As an example, let's say a certain AP watch had a price tag of $30,000 US in New York and a couple of years ago had an equivalent price in Paris of 25,000 euros when 1 euro equaled $1.20US. If the watch is still 25,000 euros in Paris today (and a lot cheaper for dollar exchangers than buying in NY), I would think a buyer would hop a plane, take a fun weekend trip and get the watch overseas (ignoring import duties, VAT, etc.). Comments?
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Tony C.
··Ωf Jury memberI would think a buyer would hop a plane, take a fun weekend trip and get the watch overseas (ignoring import duties, VAT, etc.). Comments?
The Japanese Yen has lost far more value than the Euro vs. the USD over the past year, roughly 36%, and given the quality of the vintage watches available in Japan, that's where I would take dollars if I wanted to take advantage of the current FX markets.
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Tim L
·Would people expect prices for goods in the EU to rise so as to maintain relative historical exchange amounts? As an example, let's say a certain AP watch had a price tag of $30,000 US in New York and a couple of years ago had an equivalent price in Paris of 25,000 euros when 1 euro equaled $1.20US. If the watch is still 25,000 euros in Paris today (and a lot cheaper for dollar exchangers than buying in NY), I would think a buyer would hop a plane, take a fun weekend trip and get the watch overseas (ignoring import duties, VAT, etc.). Comments?
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calalum
·The AP was just an example. The question was aimed more at what Tony is saying-i.e., that goods generally may be relative bargains for people with USD visiting a location whose currency has fallen sharply against the USD. Thanks.
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Dan S
·The Yen has indeed dropped significantly more than the Euro vs the USD. Last year 100 JPY was $0.97, and is now $0.73, a 25% loss of value. Similarly, last year the Euro reached a high of $1.23, and is now $1, a loss of 19%.
Both are massive changes over a period of only about 1–1.5 years.
Both are massive changes over a period of only about 1–1.5 years.
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Evitzee
·Currency fluctuations and adjustments are often seen. Back in the 1980's the US dollar was very strong, at one point it was CHF 2.6 to 1 USD. Switzerland, and watches, were cheap, cheap, cheap for US travellers. The major countries got together to bring the US dollar down against the major currencies (Plaza Accord) in 1985. The world goes on.
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ATWG
·Euro just dipped below parity this AM....freefall continues.
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KAP
·Have just got plane tickets and a car to travel from the US to southern Germany for a few weeks this autumn. Haven’t seen this parity for traveling there for more than 20 years!
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KAP
·Thanks! This includes hiking time in the Alps 😉
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