Quote:
Originally Posted by Mick P
Chaps
I would not panic. The price of Rolex in terms of the euro is irrelevant to us, our concern is the exchange rate of the Swiss Franc to the Pound.
The Swiss pulled away from the euro on Jan 13th and the rate was 1.55 Francs to the Pound.
The next day it crashed to 1.27 Francs to the Pound which would send the cost of Rolex up by at least 18%.
However since the crash, the Pound has gained every day and is now trading at 1.38 and is still on an upward swing.
When a currencies pulls out of a locking mechanism, this always happens.
Regards
Mick
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Rolex will increase in UK too. I'd imagine 3.3-4% lol. Interesting insight to FX