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October 2004
International Exchange Rates
Dollar Levels Off Against Key Currencies.
by Curtis Phillips
• Australian dollar has gained 38 percent against the US dollar since September 2001• European euro gained 33 percent against the US dollar during the past 36 months• UK pound gained 22 percent against the US dollar since Septmber 2001Due to currency fluctuations alone:• A French barrel, costing 660 euros, which cost $602 in September, 2001, would now cost $799 • A case of Australian wine that sold for $40 three years ago, should now cost $55.20• A case of US wine sold in the UK for £40 last yea...
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