International Exhange Rates
Jul 2002 Issue of Wine Business Monthly
Over the past three months, currency rates have made European products more expensive for US buyers. At the same time, the profits for US winemakers exporting to the UK has flattened out somewhat. Meanwhile the US-profits for Australian wine producers continue to erode as the Aussie dollar gains against the greenback.During the past three months the Australian dollar, the Canadian dollar, the euro, and the Japanese yen have all gained ground against the US dollar. The Australian dollar has gaine...
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