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Relief for Ninty and Sony? Improving exchange rates (update)

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At last some reasonable news for the two Japanese manufacturers.

The Yen has weakened a little in recent days and is moving slowly back toward more sustainable levels for their exports.

If you remember Nintendo said it was expecting exhcange rates for the rest of their fiscal year of 77 for the dollar and 107 for the Euro.  

Unfortunately ever since they said that the Yen has strengthened and the exchange rates have worsened.

However, some seeds of comfort over the last few days, they are now back up at 77 and 104.8 so although they are still losing money on a lot of inventory sold in the two regions, particularly in Europe, the hurt is at last reducing.  In Nintendo's case this at least means that the exchange rate issues are in the same ball park of what they expected.

They will both be hoping this continues.



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Well the stock seem to be going up again, but I thought that was because of sales numbers and maybe investors not so worried about the 3DS anymore.



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good news for our ironlanders



lets hope this continues.



That's a good start and it helps even more for this time of year. If they're lucky this trend will continue. I think both companies need this just as much.



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Good news for Nintendo. Hopefully this continues for them.



not so great again now...

Euro exchange rate is back down to a pretty painful 101.

So Dollar still on track, but the Euro is well below Nintendo and Sony forecasts. Hefty currency losses in those Euro regions at the time when sales are the highest... not good news.



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kowenicki said:
not so great again now...

Euro exchange rate is back down to a pretty painful 101.

So Dollar still on track, but the Euro is well below Nintendo and Sony forecasts. Hefty currency losses in those Euro regions at the time when sales are the highest... not good news.


Euro/USD is now nearing to 1.30 so whatever Yen is losing against dollar is countered by failing euro for Yen/Euro pair.



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Zlejedi said:
kowenicki said:
not so great again now...

Euro exchange rate is back down to a pretty painful 101.

So Dollar still on track, but the Euro is well below Nintendo and Sony forecasts. Hefty currency losses in those Euro regions at the time when sales are the highest... not good news.


Euro/USD is now nearing to 1.30 so whatever Yen is losing against dollar is countered by failing euro for Yen/Euro pair.

er... what?  I dont really understand that sentence... but

The Euro to Dollar exchange rate is utterly irrelevant in the context of this thread.

This is about the Yen/Dollar & Yen/Euro exchange rates and their effects on Japanese exporters.

All that matters is that the Yen/Euro is at an almost record low (strong Yen to Euro ratio) and the Yen/Dollar hasnt really improved much recently.

I repeat, this is about Japanese exports to Europe and the US.  



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kowenicki said:
Zlejedi said:
kowenicki said:
not so great again now...

Euro exchange rate is back down to a pretty painful 101.

So Dollar still on track, but the Euro is well below Nintendo and Sony forecasts. Hefty currency losses in those Euro regions at the time when sales are the highest... not good news.


Euro/USD is now nearing to 1.30 so whatever Yen is losing against dollar is countered by failing euro for Yen/Euro pair.

er... what?  I dont really understand that sentence... but

The Euroto Dollar exchange rate is utterly irrelevant in the context of this thread.

This is about the Yen/Dollar & Yen/Euro exchange rates and their effects on Japanese exporters.

All that matters is that the Yen/Euro is at an almost record low (strong Yen to Euro ratio) and the Yen/Dollar hasnt really improved much recently.

I repeat, this is about Japanese exports to Europe and the US.  

Sorry I assumed you actually know what currency pairs are:

http://www.instantforexincome.com/currency_pairs.html



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