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Declining value of the Australian dollar
I am sure that we are all concerned about the impact of declining value of the Australian dollar. If the dollar remains below US$0.70 (or worse), next year, we can expect to pay an extra 25-30% for our 2009 print and electronic subscription renewals, possibly more.
One of the great advantages of consortium membership is that vendors have an incentive to provide the best possible renewal prices in order to retain our business and may be prepared to lock-in a particular exchange rate if a rapid decline appears imminent.
The bottom line is that in tough times it makes even more sense than usual to be part of a very large consortium like ERA.
Tony Leschen - ERA Executive Committee
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