Perverse? - NOT amateur radio

On the day a vaccine for Covid-19 was approved for UK rollout, the value of the UK pound against the major currencies such as the euro, yen and US dollar has fallen! OK I appreciate a BREXIT deal has still to be done, but I was expecting the pound to have a good day.

UK Pound versus Japanese Yen - NOT amateur radio

Why has the UK Pound appreciated so much against the Japanese Yen?  At the moment it is over 156 Yen to the UK Pound. Not too long ago it was the low 120s Yen to the UK Pound.  That is a lot of difference.

Every day, it swings quite widely, but I find this, and the dramatic appreciation, hard to understand. On the face of it, goods made in Japan should get less expensive in the UK.

Perhaps an economist can explain what is going on?

UK Pound to Euro exchange rate - NOT amateur radio

It is my view that the Euro will lose value this year so the UK Pound will buy more Euros. Of course, I could be entirely wrong! The reasons for thinking this are:

• Greek debt is still a big issue and there will be fewer nations able to bail them out.
• Several nations are disillusioned with the Euro project and are worried by totally free movement within the EU.
• Several nations are in favour of tariff-free borders to trade but are nervous of ever closer integration.
• I think the UK will show the world it can succeed outside of the EU.

No, several things point to an improved exchange rate. As for the US Dollar and the Japanese Yen exchange rates, I am less clear.

By the way, in last year's EU referendum I voted to "remain" in the EU. I believe the EU faces a difficult year ahead and this year will be "crunch time".

Japanese goods should be cheaper!

The exchange rate (Sterling to Yen) has improved enormously in the last few years and was around 195 Yen to the UK Pound in recent days. Not long ago (2 years ago?) it was less than 130 Yen to the Pound. In real terms Japanese radios should be hugely less expensive based on the exchange rate alone becoming so much more favorable. These are not marginal changes they are huge.

Don't feel too sorry for the dealers. After all, they have to put fuel in their cars. If they struggled a few years ago they are not struggling any more! No, we the consumers are seen as easy fodder, to be milked. The dealers make big profits from early adopters who must have that shiny new radio whatever the cost. Once their greed has been satisfied, the price will drop to attract the rest of us.  I predict the Yaesu FT991 will soon drop in price. Just how much will depend on how much of the exchange rate change the dealers are prepared to pass on to us. One thing is certain, the UK dealers are doing well at the moment.

The FT817 is another story. All development costs were recovered in the first few years. As for LCD and other "supply issues" I just do not believe it. These radios have sold well worldwide for about 15 years and Yaesu has the buying power on anything. No, the true story is someone is making huge profits on this radio, and we the buying public are being taken for a ride.

When the Chinese take the amateur market seriously the Japanese suppliers and their dealers will have a rude awakening.

UK price drop - FT817ND

I see that Martin Lynch is now selling the FT817ND for £449.95 (including VAT) which I guess is reflecting the exchange rate against the yen? Years ago it sold for less than £350 with VAT. I think the dealers are still making healthy profits? Why is this like fuel? When prices go up we soon hear about it. When price or exchange rates massively improve the suppliers are generally slow to respond.

Supply and demand?   People are prepared to buy at silly prices and dealers are happy to make good profits whilst they can. At one time a few years ago £1 would get you about 125 Yen. Today £1 gets you more like 175 Yen. Have prices followed? Of course not! Don't be silly - just a bit cheaper!

It would be nice if they were clearing stock ready for a newer model. Sadly, I doubt this is the case.

See https://sites.google.com/site/g3xbmqrp3/hf/ft817 .

Yaesu price drop

http://www.universal-radio.com/

In this month's Practical Wireless , received today, I notice that some of the UK dealers have reduced the price of the Yaesu FT-450D and the FT-950 radios. The FT817ND is still around £534, i.e. no drop (yet). At last, we are beginning to see some of the exchange rate savings being passed on to customers. Thank you dealers. Please may we have even more savings? The exchange rate has moved FAR more in our favour than the price changes would suggest.