Bye Bye Tescointernetphone

inquisitor · 26-03-2010, 02:47

That's why smart people usually hedge currencies if they do relevant business in other countries, especially if they come from Australia and so have a strong commodity-backed currency.

The chart shows the decline of the British Pound against the Aussie Dollar, which amounted to nearly 30% only last year and the exchange rate is still falling:

I fear that 30%-decline ate up Freshtel's margin in the UK.

bylo · 26-03-2010, 03:58

Quote:

Originally Posted by inquisitor

I fear that 30%-decline ate up Freshtel's margin in the UK.

OTOH it makes visits to the UK from us colonials 30% cheaper than last year

	(#1)
inquisitor (Offline) Senior Member Prepaid Professionist Posts: 1,399 Join Date: 15 Nov 2006 Country:	26-03-2010, 02:47 That's why smart people usually hedge currencies if they do relevant business in other countries, especially if they come from Australia and so have a strong commodity-backed currency. The chart shows the decline of the British Pound against the Aussie Dollar, which amounted to nearly 30% only last year and the exchange rate is still falling: I fear that 30%-decline ate up Freshtel's margin in the UK. terminals: Samsung: Galaxy S5 DuoS (G900FD); BLU: Win HD LTE; Nokia: 1200; Asus: Fonepad 7 ME372CG; Huawei data: E3372, Vodafone R201, K3765, E1762; postpaid: O2 on Business XL; prepaid: DE: Aldi Talk, Lidl; UK: 3; BG: MTel, vivacom; RU: MTS; RS: MTS; UAE: du Tourist SIM; INT'L: toggle mobile VoIP: sipgate.de (German DID); sipgate.co.uk (British DID); ukddi.com (British DID); sipcall.ch (Swiss DID); megafon.bg (Bulgarian DID); InterVoip.com Last edited by inquisitor; 26-03-2010 at 02:53..