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| Euro vs Dollar and watch cost question | Rate Topic |
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| Posted: Wed Mar 4th, 2009 07:38 pm |
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1st Post |
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Gregger 3T WIS 
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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?
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| Posted: Wed Mar 4th, 2009 07:50 pm |
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2nd Post |
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Skipdawg 3T WIS 
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I had not looked since around Christmas. Right now as of this post is where this conversion stands. 100.00 US Dollar = 79.36319 Euro have not seen that in awhile. Thing is this will have to stay stable for some markets to adjust more accurately. But if this holds this Spring or Summer you may see some companies changing some prices to reflect a stronger dollar. But with a global recession in place it is way out of my league to really figure it out. But we Americans can hope it stands and improves. ;)
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| Posted: Wed Mar 4th, 2009 08:21 pm |
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3rd Post |
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romek 3T WIS
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Price always goes in one direction. It does not apply to electronics, gas and food.
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| Posted: Wed Mar 4th, 2009 09:56 pm |
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4th Post |
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scottran 3T WIS 
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From the reports I hear the EU is on the verge of breaking up and so the future of the Euro is in doubt. Some countries want to get away from it. Should help the dollar big time. That is if the fed quits printing money for the hell of it and we go into hyper inflation because the dollar is worthless.
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| Posted: Wed Mar 4th, 2009 11:21 pm |
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5th Post |
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pacifichrono 3T WIS 
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I think the best way to take advantage (I shouldn't be saying this, I know), is to buy your Swiss watches directly from a EU dealer. This assures you the attractive exchange rate.
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| Posted: Thu Mar 5th, 2009 12:39 am |
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6th Post |
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pacifichrono 3T WIS
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pacifichrono wrote: I think the best way to take advantage (I shouldn't be saying this, I know), is to buy your Swiss watches directly from a EU dealer. This assures you the attractive exchange rate. P.S. Although a U.S. dealer of Swiss watches can buy at the same favorable exchange rate, their inventory was likely bought at a less favorable exchange rate (higher $ cost), so they will be unwilling to sell at a lower price. The EU dealer is receiving the same price from you as always, but you can buy euros now with fewer dollars.
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| Posted: Thu Mar 5th, 2009 02:56 pm |
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7th Post |
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Upside 3T WIS 
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My 2 cents...any swiss maker that has the desire to be a status or elite brand will never lower their prices. They're going to market to people who (even if they lose lots in the economic slump) won't be phased by buying a luxury swiss timepiece. They'll just ride it out and keep prices as they are. That's my theory
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| Posted: Thu Mar 5th, 2009 03:05 pm |
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8th Post |
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jdmac 3T WIS 
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Good Time for Us Canucks to Buy EURO :)
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| Posted: Thu Mar 5th, 2009 04:36 pm |
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9th Post |
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Rhino-Ranch Guest
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When I first started working in NYC a Rolex Submariner cost $1,450 which was a lot of money in 1987, but not so much no that the same watch is $4,500. But the same $1,450 invested in INTEL, Microsoft Apple, Yahoo could have been worth $145,000 if bought and sold at the right time... no one has that "timing" though. I would think that the expensive Swiss watches have very high mark-up. And therefore there is room to mark-down as demand and money dries up. But the manufacturers have very tight control over pricing and supply. So as demand falls, they don't just flood the market and drive the price of their watch down, they cut production keep a short supply and keep prices high. Right now it seems like all markets, commodities, banks, real estate, everything is in a downward spiral. If EURO falls apart, and US economy gets moving before Germany and Swiss, then there might be a fluctuation in price favorable to US. I think that we are at least 6-months away from seeing any significant deals. But, who knows. It would be nice to get a good deal on ANONIMO Wayfarer, ORIS TT1, Stowa, possibly Breitling Steelfish. Jim
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| Posted: Fri Mar 6th, 2009 02:11 am |
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10th Post |
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YARGH 3T WIS
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Gregger wrote: 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 |
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