[Leica] euro vs dollar and leica

[red735i at earthlink.net (Frank Filippone)]

It is the "ratcheting" effect....

Dollar goes down, so European companies price in Euros, and therefore the
item becomes more expensive in Dollars.  Dollar recovers, they price in
Dollars... repatriating more Euros....

Happens all the time..... 

Or, if you prefer, the part of the price that is dependent on the exchange
rate, is recalculated only once or twice a year ( especially when the dollar
is rising).  It is not time now, so we'll have to wait and see.....


Frank Filippone
red735i@earthlink.net