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International Exchange Rates

May 2003 Issue of Wine Business Monthly
Due to currency fluctuations alone:• A euro 660 French barrel, which cost $578 in March, 2002, would cost $717 this year• A case of Australian wine that sold for $40 a year ago, now costs $46• A case of US wine sold in the UK for £40 last year, could be sold for £35.83 • Australian dollar gained 14.68% against the US dollar since March 2002• European euro gained 23.56% against the US dollar since March 2002• UK pound gained 10.42% against the US dollar since March 2002During March, the Canadian ...
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