Sunday, July 5, 2009

Euro back to high exchange rate

Well, it has been long time without posting anything, but the truth is that nothing interesting has happened other than the Dollar, again, has become weak against the Euro.

As we stated in February/March our prices for new items were based in an exchange rate between $ 1.28 to $ 1.32 per Euro, however, these last days the Euro has floated around the $ 1.42 to $ 1.43.

We have made small adjustments on prices for products we have received till now in the same percentage that the Euro went up, what has reverted in just a few bucks on each item, not a lot, so our Customers have reacted very well and they keep the trust on us that we are doing all what we can to keep prices down.

Micro Macro Mundo Inc. assures that will keep the policy to make the fewer adjustments possible and in many instances, sacrifice margin to help keep low prices.

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