RE: Trading in €uros ?
steve at openmoko.com
Tue Apr 15 20:46:37 CEST 2008
It's much more complex than that. We will quote in USD. We buy components in other currencies, so as currency
changes, the value of what we hold changes as a function of currency fluctuations. At this stage of the game, the currency we quote
in is a minor issue. That said , the dollar sucks. Somebody has to.
From: community-bounces at lists.openmoko.org [mailto:community-bounces at lists.openmoko.org] On Behalf Of Steven Le Roux
Sent: Tuesday, April 15, 2008 7:53 AM
To: List for Openmoko community discussion
Subject: Re: Trading in €uros ?
No matter how is the $, I think FIC is thinking in $, not un €, so if the $ falls, it's good for us, and nothing change for FIC regardly the $ previsions... I guess
On Tue, Apr 15, 2008 at 4:29 PM, Kevin Dean <kevin at foreverdean.info> wrote:
The figure in USD is as innacurate as anything else. You're not
actually paying $399 USD, you're paying the number of New Taiwan
Dollars that can be exchanged for $399 USD.
Rebasing the price in ANY currency means absolutely nothing since
(assuming you aren't paying exchange premiums) it's the same price. Of
course, they could say 399 Euros, in which case it would be getting
more expensive for EVERYONE.
On Tue, Apr 15, 2008 at 8:55 AM, Didier Raboud <didier at raboud.com> wrote:
> Didier Raboud wrote:
> > Hi,
> > Just wondering. With the actual fall of the U$D, why not setting the Neo's
> > prices in €uros ? (Which is actually pretty strong.) (or ¥ens, ...)
> > This would imply a rising price (with time) for American customers instead
> > of a falling one for European ones.
> > Actually, the actual situation is good for me if the U$D continues to go
> > down : my future Neo will cost less to me. :)
> > Regards,
> > OdyX, aka Didier Raboud
> Just to precise my thoughts...
> The idea is not to have a rise of the price for American customers, but to
> protect the value of the future Neo against a fall of the U$D. If the U$D
> continues to fall, the real income back to FIC will fall with time. FIC
> will then have to augment its prices which is not desirable...
> Well... I'm not that much in Finance, so don't give my thoughts too much
> Regards, Didier
> Openmoko community mailing list
> community at lists.openmoko.org
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Steven Le Roux
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