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May 2004
International Exchange Rates
First Quarter, 2004
by Curtis Phillips
 • Australian dollar has gained 1.43 percent against the US dollar since December 2003• European euro lost 0.23 percent against the US dollar during the first quarter of 2004• UK pound gained 4.32 percent against the US dollar since December 2003Due to currency fluctuations alone:• A 660 euro French barrel, which cost $811 in December, 2003, would now cost $809 • A case of Australian wine that sold for $40 last quarter, should now cost $40.57• A case of US wine ...
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