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| Joined: | Mon Mar 17th, 2008 |
| Location: | New York, New York USA |
| Posts: | 75 |
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OK how about some input? Just saw today that the dollar has gained 10.5% on the Euro since January and from what all the experts say is that the dollar "should" be stronger than the Euro due to bad European bank loans...Yes worst than ours go figure. So my question is will Swiss, German, etc watch prices fall now and this includes forum fav watches.....Just some food for thought....What's you opinion?
The best way to take advantage of favorable exchange rates is to buy direct from Europe, either by mail or in person. The retail price of the watch won't go down just because of exchange rate issues, but your purchasing power in Euros will go up. If you have the ability to buy from a European seller, now is the time to do it. But US dealers will probably not lower their prices because of exchange rates. In the case of Rolex, they probably have been ordered not to. A broad economic downturn *will* affect the prices of most watches, if it gets bad enough, simply because dealers will need to clear out the old stock. I'm not sure if we're at this point yet, but I would have to think that luxury items like mechanical watches would take a major hit during recessions, and prolonged recessions should sharply cut the demand for these products, which should (eventually) reduce the prices.
Last edited on Fri Mar 6th, 2009 02:13 am by YARGH