World Wide Purchasing & Distribution

[Wolf_Rider]

Originally Posted by WTE_Galway

Exchange rates are not necessarily related to retail prices.

I used to work for Harvey Norman Electrical in NSW back in the 90's.

We were importing electrical goods in Yen -- against which the Aussie dollar was rising, so we were getting them cheaper than ever.

However the Aussie dollar was falling against the US dollar -- so we were able to put all our prices on electrical goods UP by 10% (even though we were importing them cheaper) and blamed the government and the "bad Aussie dollar" for the price hike.

We made a fortune for a while.

H.N. has nothing on the fuel companies though... all that noise a while back at the low AUD$ and the high US$ (petrodollar/ reserve currency) = high fuel price, and look at the prices now with parity... no #$%*&! change [/rant]