International Exchange Rates
Jun 2002 Issue of Wine Business Monthly
Over the past three months, currency rates have made French barrels more expensive, increased the profits of US winemakers exporting to Europe and the UK, while eroding the US profits of Australian wine producers.(For the latest currency exchange rates, click here.)During the past three months the Australian dollar, the Canadian dollar, the British pound and the euro have all gained ground against the US dollar. The Australian dollar has gained 5.62 percent since the end of January. This means t...
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