SittingElf
Member
- Joined
- May 28, 2013
- Messages
- 1,371
In the last three months, the US$ has climbed by around 8% against the Euro...which is the currency that Festool Germany uses.
It would appear that the dollar may continue to climb due to new European economic setbacks. There are a number of financial pundits that are even predicting that we may see the dollar/euro go to par (1:1) within a year.
The question is whether Festool USA will pass on the savings to their U.S. customers, or just reap the additional profits of a stronger dollar without benefit to Americans if the trend of the stronger dollar continues.
In my own case, while stationed in Germany until recently, I purchased a substantial number of Expensive NAINA Festool products. If I were still there and buying the same products now, instead of earlier, I would save over $2400 vs. the price I paid while the Euro was significantly higher.
Currently, the official exchange rate is US$1.26 to the Euro. I averaged US$1.39 during the time that I purchased my products.
The cost to Festool USA, operating in US$ is obviously much lower than in the last couple of years. Will they pass it on to their U.S. customers?
Cheers,
Frank
It would appear that the dollar may continue to climb due to new European economic setbacks. There are a number of financial pundits that are even predicting that we may see the dollar/euro go to par (1:1) within a year.
The question is whether Festool USA will pass on the savings to their U.S. customers, or just reap the additional profits of a stronger dollar without benefit to Americans if the trend of the stronger dollar continues.
In my own case, while stationed in Germany until recently, I purchased a substantial number of Expensive NAINA Festool products. If I were still there and buying the same products now, instead of earlier, I would save over $2400 vs. the price I paid while the Euro was significantly higher.
Currently, the official exchange rate is US$1.26 to the Euro. I averaged US$1.39 during the time that I purchased my products.
The cost to Festool USA, operating in US$ is obviously much lower than in the last couple of years. Will they pass it on to their U.S. customers?
Cheers,
Frank