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Imported piano prices set to rise, owing to a weaker Australian dollar

Posted by Hans Heshusuis on 3rd Feb 2015

As you are probably aware, the AUD has been in freefall against the USD for some months. The graph below highlights the trend with a high on July 1st 2014 of just under 95 cents, down to the current running rate of sub 80 cents.

 Current stocks will not rise, until the 1st of March, as we envisage an increase across the board of about 10%, for those goods paid for in US dollars. 

Exchange Rate