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| The Euro and watch prices | Rate Topic |
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| Posted: Fri May 21st, 2010 10:50 am |
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1st Post |
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Gregger 3T WIS 
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Has anyone checked the current Euro to Dollar exchange rate? As of today 1 Euro = 1.25 Dollars.....unless I'm wrong I don't think the dollar has been higher than the Euro for some time now. So what does this mean for our watch purchases? What say you?
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| Posted: Fri May 21st, 2010 10:59 am |
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2nd Post |
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Skipdawg 3T WIS 
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It could affect the prices but it would have to stay consistent for several months in a row.
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| Posted: Fri May 21st, 2010 12:11 pm |
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3rd Post |
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Nabco 3T WIS 
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I agree with Skip, it will make a difference eventually but the exchange rate will need to stay consistent for awhile before anything changes
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| Posted: Fri May 21st, 2010 12:56 pm |
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4th Post |
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tagkat 3T WIS
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People that price in euros will be cheaper, SAS, Prometheus etc. If they adjust for the euro then of course it'll be back to what it was before.
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| Posted: Fri May 21st, 2010 01:22 pm |
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5th Post |
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oagaspar Site Founder 
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well $100.usd = 79. euros but most all watch companies charge in dollars so we aren't gaining anything from my point of view and I personally won't buy from anyone asking for euros lately because of this factor in currency exchange... ...if it were the other way around 79.usd = 100 euros those of us in the states might view it as a savings...there's always the sales forums imo http://online.wsj.com/article/BT-CO-20100521-709099.html?mod=rss_Currencies
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| Posted: Fri May 21st, 2010 01:40 pm |
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6th Post |
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Willieboy 3T WIS 
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I contacted the only AD for Sinn watches to ask if their price for the U1 reflected the fall in the value of the Euro. I got an email back saying in effect, "don't hold your breath waiting for a price reduction from Sinn." In fact, Sinn's prices would be going up in August. Other makers however, have lowered their prices to reflect current economic conditions and relative currency values, or so I am told.
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| Posted: Fri May 21st, 2010 04:55 pm |
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7th Post |
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Nordstrom 3T WIS 
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The Stowa online shop is based off of Euros, so the US $ price fluctuates on a regular basis in line with the currency changes.
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| Posted: Fri May 21st, 2010 07:28 pm |
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8th Post |
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ndburley 3T WIS 
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I do all my shopping in £'s
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| Posted: Fri May 21st, 2010 11:46 pm |
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9th Post |
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bigrustypig 3T WIS 
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The demand curve for watches is inelastic. Meaning, a 15% drop in the Euro won't translate to a 15% increase in watch volumes sold. On the flipside, a 15% strength of the Euro won't translate to a 15% drop in watch volumes sold. The resulting rise/drop in volumes sold therefore will be less than 15%...either way. My guess is manufacturers will be on holding pattern for a while and if the Euro remains weak and their input costs rise, there will be a slight uptick in prices. Note that almost all currencies have tumbled too and parities among currencies remain fundamentally untouched. For the major luxury brands (PP, AP, VC, L&S) with immense margins, they will hardly make any pricing moves because their material and skilled labor costs are a small part of the total selling price viz the much smaller brands. Overall around the globe, economies haven't really gotten out of the "hole" in a convincing way and this will keep the smaller brands, and maybe many other brands, wary of instantly increasing prices. I have an incoming diver in PVD which I bought on-line in Euros a week ago that I think I got at a very good exchange rate. The weaker Euro wasn't compelling enough for me to snap up an extra 2 or 3 same watches. Just my 2 cents. 
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| Posted: Sat May 22nd, 2010 05:45 am |
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10th Post |
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Hammerfjord Moderator 
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There's a crisis right now with the bankrupcy of Greece and other lands in the EU are right on the edge to... They just hide it to do not scare off investors I guess... I never had a good feeling about this Euro currency and it risk to have a break down. European countries who adopted the Euro been loosing at list 30% of them level of life since first day. Now to impeach a European collaps, they will have to inflate this currency with money they don't got. I'm glad that Norway refused to come inside the EU by now. The Euro may fall or may be saved... All in all, it's just pushing the "Fall of Rome" a bit forward in the future in my meaning. We can't unite the lands of Europe like the states of America: Cultures are just too differents and separated, growing appart from each others since thousand years... What you win today on change, you may loose tomorrow: All in all, it may be the same at the end when you see your watch-buying curve.
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| Posted: Sat May 22nd, 2010 09:42 am |
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11th Post |
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Willieboy 3T WIS
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Hammerfjord wrote:
Very interesting perspective. In the states, it seems we are tearing ourselves apart over stark, irreconcilable political differences.
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| Posted: Sat May 22nd, 2010 10:43 am |
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12th Post |
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Hammerfjord Moderator
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Willieboy wrote:Hammerfjord wrote: I guess that mentalities are mostly based on the life style, who's based on the climats, traditions/cultures and needs at the origin. Funny exemple: A rig was prebuilded in Spain for an LNG plant placed near North-Cape in Norway... When the Spanish guys arrived to mount some parts of it after that the rig's elements was arrived by boat, they started to make them one hour "siesta" after them one hour lunch everyday: Exactly as they was doing during the warmest hours of the day in Spain... The Norwegian company went pissed over this low-motion job: You multiply that by workers and months...You loose much time and money... They had, as an answer: "We do like that at home so we do it here". It's never been as warm up there, as in Spain but try to explain that to those workers...hammer.gif How can they have the same mentality and needs as us? All in all it's deeper than that but it was a comic exemple who shows that different lands got different systems and if they should all be ruled by the same money, the same politic, it would end in constant disagreements and conflicts...
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