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<p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D">One way to help keep this straight is to work out the cost per currency.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">An Article Processing Charge (APC) of 3,000 EUROs (3,900 USD/GBP2500) works out to $1.30/Euro
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif">While an APC of 2,950 EUROS (3,900 USD/GBP 2,500) works out to exchange rate of: 1.32$/Euro
<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Arial",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D">Actually, the decrease of 50 Euros (3,000 – 2,950) is a 1.6% decrease (50/3000) in Euro pricing … while the posted USD price remains the same.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D">I suspect that USD authors must still pay in USD … just as libraries have to pay their subscription agents the posted US$ price, irrespective of the change in value of the EURO
or GBP price.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D">All this might be better stated, given today’s exchange rate of $1.11/Euro, and assuming that the EURO is the primary currency (since it is listed first), the USD APC should be
$3274.50.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Arial",sans-serif;color:#1F497D">This suggests that EMBO (European Molecular Biology Organization) Press is unfairly taking advantage of exchange rates by charging each USD author 16% more (3900-3274.5/3900) than
they would if the APC charges were honestly based on the current exchange rate.<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"></span><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:black">Dana L. Roth<br>
Caltech 1-32<br>
1200 E. California Blvd. </span><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:black">Pasadena, CA 91125<br>
626-395-6423 fax 626-792-7540<br>
<a href="mailto:dzrlib@library.caltech.edu">dzrlib@library.caltech.edu</a><br>
<a href="http://library.caltech.edu/collections/chemistry.htm">http://library.caltech.edu/collections/chemistry.htm</a>
<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> goal-bounces@eprints.org [mailto:goal-bounces@eprints.org]
<b>On Behalf Of </b>Heather Morrison<br>
<b>Sent:</b> Friday, May 22, 2015 7:20 AM<br>
<b>To:</b> Global Open Access List (Successor of AmSci)<br>
<b>Subject:</b> [GOAL] correction re: How an apparent small price decrease may actually be a large price increase, or why it is important to understand currencies<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Helvetica",sans-serif">My apologies, I got the currency differential backwards - a 21% decrease in the EUR should mean a 21% increase in the EUR price, not a decrease. </span><o:p></o:p></p>
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<p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Helvetica",sans-serif">The basic concept that to understand whether pricing are actually increasing, decreasing, or remaining flat, you need to track the pricing in all of the currencies, not just
one, remains the same. If anyone has pricing for this journal from May 2014 in USD or GBP, or if someone from the journal could explain their pricing, that would be helpful.</span><o:p></o:p></p>
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<p class="MsoNormal">My original incorrect message follows:<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal">This example may help to understand why it is important to consider currency fluctuations in assessing trends in pricing. If a journal charges in more than one currency, to know whether pricing is flat, decreasing or increasing it is necessary
to track the pricing in all of the currencies. <o:p></o:p></p>
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<p class="MsoNormal">Molecular Systems Biology <a href="http://msb.embopress.org/authorguide" title="http://msb.embopress.org/authorguide">
http://msb.embopress.org/authorguide </a>"levies an Article Processing Charge (APC) of 2,950 EUROS (3,900 USD/GBP 2,500) for each Research Articles or Reports accepted for publication. There are no additional costs (such as page charges or submission charges)."
The 2,950 EUROS is a 2% price decrease from the 3,000 EUROS we noted last year. But is it really a price decrease? As we recently calculated, the EURO has lost 21% in comparison with the USD over the past year. If the USD is the primary currency (likely the
reason for the current EUR price decrease), then the equivalent in EUR today would be 2,370 EUR. What looks like a 50 EUR or 2% price decrease may actually be a 580 EUR or 24% increase. Last year we did not capture pricing in all the currencies so cannot
confirm. <o:p></o:p></p>
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<p class="MsoNormal">best,<o:p></o:p></p>
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<p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Helvetica",sans-serif">-- <br>
Dr. Heather Morrison<br>
Assistant Professor<br>
École des sciences de l'information / School of Information Studies<br>
University of Ottawa<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Helvetica",sans-serif">Desmarais 111-02<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Helvetica",sans-serif">613-562-5800 ext. 7634<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:13.5pt;font-family:"Helvetica",sans-serif">Sustaining the Knowledge Commons: Open Access Scholarship<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:13.5pt"><span style="font-size:13.5pt;font-family:"Helvetica",sans-serif"><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><o:p></o:p></span></p>
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