Increasing Dollar Makes Exporters Holler: The high Australian dollar has seriously impaired Arrow’s competitiveness. In one of its main markets – India – the dollar is up 20% against the Indian Rupee.
Arrow’s main competition is from US suppliers. The fall in the US dollar has made US suppliers much more competitive. Andrews says: “US machines used to sell for about AU$75,000 each; now they are selling for about AU$50,000. We are still about $70,000 per unit. It’s very hard. Read more..