Foreign Exchange Levy

 

In response to the substantial swings in the Australian dollar experienced post the GFC, Tronics introduced an FX levy that was aimed at ensuring the impact of currency movements on our Videojet consumables pricing was as transparent as possible.
 
We also wanted to re-assure our customers that the increases necessary at that time would not become a permanent price increase irrespective of future currency movements and indeed, for a period of almost 2 years, the appreciation in the A$ past parity with he USD resulted in a negative levy which benefitted our customers in the form of a discount across the board on all Videojet inkjet consumables purchases.
 
From July 2013, our FX levy has been set at a neutral level (0%) but, unfortunately, the significant slide in the $A:$USD exchange rate over the past 18 months and it’s impact on the landed cost of your Videojet consumables now dictates that Tronics must re-introduce an
FX Levy of 7.5% from January 27th 2015
 
Once again, this additional charge will be reviewed on a regular basis and adjusted according to the prevailing exchange rate. Should the A$ move back to a level above 0.90, we will be very happy to once again return the levy to a neutral level.
 
All of us here at Tronics very much appreciate your understanding of the need for us to implement this change and would like to take this opportunity to thank you for your continued support.