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Jihane Salhab and I have prepared a post intended to explain the impact of currency fluctuations on APCs. In brief, if you are in the E.U., a USD APC that has not changed in amount in the past year will cost you 21% more today, due solely to the rising strength
of the US dollar.
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<div>A strong currency benefits the buyer (purchaser of APCs) but works against the seller (less competitive). This is a disadvantage of international publishing for both APCs and subscriptions.</div>
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<div>Currency fluctuations make budgeting difficult. This is important in scholarly publishing, because buyers - libraries, universities, funders - tend to work in environments with very constrained budgets. It is very unlikely that an E.U. library or university
will receive a 21% increase in funding to offset the higher cost of US-based APCs.<br>
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<div>Details and examples from a few other currencies:</div>
<div><a href="http://sustainingknowledgecommons.org/2015/05/20/in-the-e-u-your-usd-apcs-cost-21-more-than-a-year-ago/">http://sustainingknowledgecommons.org/2015/05/20/in-the-e-u-your-usd-apcs-cost-21-more-than-a-year-ago/</a></div>
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<div>Congratulations to the US - a strong currency tends to reflect a healthy economy.</div>
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best,<br>
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<div>-- <br>
Dr. Heather Morrison<br>
Assistant Professor<br>
École des sciences de l'information / School of Information Studies<br>
University of Ottawa</div>
<div>Desmarais 111-02</div>
<div>613-562-5800 ext. 7634</div>
<div>Sustaining the Knowledge Commons: Open Access Scholarship</div>
<div><a href="http://sustainingknowledgecommons.org/">http://sustainingknowledgecommons.org/</a><br>
<a href="http://www.sis.uottawa.ca/faculty/hmorrison.html">http://www.sis.uottawa.ca/faculty/hmorrison.html</a><br>
<a href="mailto:Heather.Morrison@uottawa.ca">Heather.Morrison@uottawa.ca</a><br>
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