Quote:
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.
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Good old Gerry Harvey, always doing the right thing by us Aussies, I refuse to buy anything of that tosser.
02-02-2011, 03:33 AM
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