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The US dollar is now valued close to 0.75 Euro, down from its peak of
1.25 a couple of years ago. Analysts say it may go even lower, with some projecting exchange rates of 0.7 (1.4 dollar to the Euro). This has pretty much put the kibosh on my goals of buying a new European sailplane. A model at, say, Euro 85,000 cost around $70,000 a couple of years ago, is now around $110,000 and may soon be at $120,000. Economic models would suggest a strong incentive for sailplane manufacture in North America, but I wonder if the numbers of potential sales would justify this. Any thoughts? |
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