Monday, September 14, 2015

Euro On The Rise

For salon owners in the market for salon equipment the choice is usually well made American manufactured products lacking style. Chinese imports with (copied) sytle but missing overall value due to low quality that a piece of daily used equipment must have or Italian and German imported goods with style and quality all in one. With an international economy few think about the cost to buy is not based on a US price but international exchange rates. The big banks get the published rate which was around 1.28 to 1 9 months ago. It had gone down to 1.08 to 1 3 monts ago and is now slowly moving up. The higher it goes the less the US dollar can purchase so that means higher prices for the exact same product, even if the manufacturer does not raise prices.

If you are in the market for European goods now is the time to make a decisoin. For example a $1357.00 salon chair at todays rate of 1.13 to 1 would be $1536.00 at 1.28 to 1 value ratio. About $200.00 more and it is the exact same piece.

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