Buying from the USA?

CJ-Beadworks · Posted: Sat Aug 16, 2008 5:42 pm Post subject: Buying from the USA?

Be quick!

We have orders delivered weekly - and in the past two weeks, the exchange rate has dropped by very nearly 10%!

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Graham

justbeads · Posted: Wed Aug 20, 2008 10:32 pm Post subject:

ouch indeed. It started with the euro and now the dollar.

TBH I couldn't believe it when I calculated the exchange rate on one of my US shipments last week. It was very near 1.80!!!

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Bea

CJ-Beadworks · Posted: Tue Sep 09, 2008 7:59 pm Post subject:

Just received a big order from the US today - and the exchange rate is now down to $1.689 per pound. So, for many importers like us, that means after Duty, VAT and freight, the 'effective' exchange rate is closer to £1 = $1.05! Becasue Duty & VAT is also charged on Freight, that means things cost ~20% moe than 5 weeks ago!

We will hold prices for as long as we can as I am sure many retailers will - but, beware, many US imports are going to go up in price soon, as the increase is going to be difficult for many retailers to absorb.

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Graham

Delta · Posted: Tue Sep 09, 2008 11:37 pm Post subject:

It's hurting the other way too, some of my co workers are in the USA and they are paid in Sterling, so what is a £1 for us is working out at so much less for them when it's converted into Dollars.

They are having to work even more just to earn what they did a month ago, not all that great when you are basically on piece work.

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