That Rising Dollar Feeling?

[eleskin]

It seems the Euro is taking a pounding and will be brought down to more rational levels. For those of us in the United States, it may make the M9 purchase a little more painless. I have delayed my M9 purchase because of tax season in April as well as giving Leica time to sort out any potential problems with the M9. The Dollar making a comeback makes a future M9 purchase that much sweeter!!!

 

[August Derleth]

Enjoy the illusion of a highly valued dollar while you can.

The dollar will find it's natural level soon enough, which is bupkis.

 

[Roger Hicks]

At today's $1.38 to the euro it's still a long way from the $1.29 (or better) of a few months ago, and about the same distance from its worst point.

My own guess is that the euro has further to fall, possibly quite a bit further if Greece infects Portugal, Spain and Ireland. Then again I was bullish on the dollar when it fell below $1.35 and I was sure as hell wrong.

I strongly doubt there'd be an out-and-out price reduction on Leica gear -- too much of a hostage to fortune -- but rebates and special offers seem increasingly likely.

Cheers,

R.

 

[dogberryjr]

How much effect can it really have on the M9? Supply seems to be the bigger issue. I can't imagine a price drop or a rebate when people are literally lining up to plonk down their seven grand now. Mind you, I'd love fir it to work out this way. I sat down the other night and wrote a list of everything I'd have to sell to buy an M9 and it made me quite sad.

 

[sevo]

How much effect can it really have on the M9?

None. The US are a main market for Leica - hence they'll have a fixed RRP, insured against currency fluctuations either way. If the US$ should drift massively out of any prognosis, grey market ware might throw things off a bit, but Leica are not Nikon or Canon, and have very firm control on their retail - don't expect that to happen unless the $ goes so much out of bounds that that constitutes the next international financial crisis..

Sevo

 

[Steve Bellayr]

This is not likely to have any effect on the price of the M9 as Leica has priced it in US dollars but it will have some effect if you are buying items priced in Euros & Pounds.

 

[jonmanjiro]

Enjoy the illusion of a highly valued dollar while you can.

The dollar will find it's natural level soon enough, which is bupkis.

The natural level of all fiat currencies is "bupkis". The last one standing will be the one controlled by the best poker players who managed to win the final round of financial musical chairs. And America plays a mean game of poker.

 

[Thardy]

I see the RFF economists are at it again. pfft.

 

[jonmanjiro]

haha, i don't normally do this, but August has quite a way with words 😉

 

[jke]

I think these small fluctuations in relative value are not something to plan your shopping around. You are significantly better off socking your money away and saving it for the fall of the other shoe.