Malaysia Watch Forum

Main Forums => General Discussion - Modern Watches => Topic started by: dpkong on August 22, 2013, 07:03:01 PM

Title: Effect on price of watches with the weakening RM
Post by: dpkong on August 22, 2013, 07:03:01 PM

Anyone have any idea if ADs will increase prices with the weakening RM? It is now edging above RM3.30 to the USD. Last I compared the list price of Rolex in RM and USD, the exchange rate was about 3.10 or thereabouts.

Grey dealers are already asking higher prices for new imports as the Euro is going at the 4.30 to 4.40 region compared to 3.90-4.00 some months ago.

Roughly looking at a 10% increase at least.

Thoughts?
Title: Re: Effect on price of watches with the weakening RM
Post by: kenji1903 on August 22, 2013, 07:27:37 PM
i would very much like to know too :)
Title: Re: Effect on price of watches with the weakening RM
Post by: Everdying on August 22, 2013, 07:44:16 PM
i would assume it'll be suicidal for those who have increased prices last yr, to again increase prices now.
i'm sure they have some buffer to account for a very minor increase in currency.
or maybe they'll just instruct AD's to reduce the discount given.
Title: Re: Effect on price of watches with the weakening RM
Post by: kltime on August 23, 2013, 08:13:03 AM
Sad fact of life-when the RM was appreciating against USD,did any of the brands/dealers revise their price downwards?  :Blue:
Title: Re: Effect on price of watches with the weakening RM
Post by: hanz079 on August 23, 2013, 08:28:17 AM
Bad time to buy watches in USD... but good time to sell overseas...
Title: Re: Effect on price of watches with the weakening RM
Post by: 1to12 on August 24, 2013, 03:13:06 PM
Quote from: hanz079 on August 23, 2013, 08:28:17 AM
Bad time to buy watches in USD... but good time to sell overseas...

Hmm.. didnt think of it that way... very good perspective...
Title: Re: Effect on price of watches with the weakening RM
Post by: dpkong on August 24, 2013, 06:00:48 PM
Quote from: hanz079 on August 23, 2013, 08:28:17 AM
Bad time to buy watches in USD... but good time to sell overseas...

Seems to be so. The merchant's corner has been really quiet lately. And one merchant hasn't followed up on my last request....