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June 2003
International Exchange Rates
by Curtis Phillips
Due to currency fluctuations alone:• A 660 euro French barrel, which cost $578 in Aprill 2002, would cost $760 in April 2003• A case of Australian wine that sold for $40 a year ago, now costs $47.24• A case of US wine sold in the UK for £40 last year, could be sold for £35.47 while maintaining the same profit margin for the US exporter• Australian dollar gained 18.1% against the US dollar since April 2002• European euro gained 26.82% against the US dollar since April 2002• UK pound gained 11.32%...
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