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Finally, Some Good News re Euro / US Dollar


many of us here in the US are shell-shocked by the recent rate of exchange between the US Dollar and the Euro . . . now around $1.44 per Euro.

A bit of good news -- which I have just received from the folks at Guinand -- is that US buyers, purchasing new watches, are able to decuct the 19% VAT that is included in the list price of new watches. So the effective exchange rate drops from $1.44 to approx. $1.17. Still not like the good old days (when it was in the $0.90 range), but way better than $1.44.

So if we can't compete with the European buyers for the vintage watches, maybe we should start collecting the new ones!!

Jeff

Messages In This Thread

Finally, Some Good News re Euro / US Dollar
US is a watch MEKKA in 2007 *NM*
the good thing with the USD is
Current Position
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