Robot prices to increase due to USD gaining strength
Robot prices to increase due to USD gaining strength
by limor
Thu Sep 18, 2008 1:01 pm
as you all know, Asian suppliers traditionally use the USD as the base currency for commercial transactions. During that past 3 years exchange rates were pretty stable so using GBP as base currency was usually beneficial.
But unfortunately this is no longer the case with a 15% drop in the value of the GBP compared to the USD during the past 2 months, and so robot prices (and probably prices of most anything else manufactured in Asia and USA) will be going up soon.
But unfortunately this is no longer the case with a 15% drop in the value of the GBP compared to the USD during the past 2 months, and so robot prices (and probably prices of most anything else manufactured in Asia and USA) will be going up soon.
