International Exchange Rates
Aug 2002 Issue of Wine Business Monthly
Since the beginning of the year, 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 stalled out somewhat as the pound gained against the dollar. Meanwhile the US-profits for Australian wine producers continue to erode as the Aussie dollar gains against the greenback continue to escalate. Curiously, despite an apparently endless economic malaise, the Japanese yen has reversed course enough to reclaim mos...
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