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<p class="MsoNormal"><span lang="EN-US" style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US">And one shouldn’t conflate the terms “cost” and “price”, not when the two are expressed in different currencies. Managing
our publication fund I have seen small price increases, but a huge cost increase due to the weakening of our currency. Price is the responsibility of the publisher, cost of the currency markets.<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US">Best,<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US">Jan Erik<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US">Jan Erik Frantsvåg<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US">Open Access adviser<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US">The University Library<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US">UiT The Arctic University of Norway<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US">phone +47 77 64 49 50<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US">e-mail
</span><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US"><a href="mailto:jan.e.frantsvag@uit.no"><span lang="EN-US">jan.e.frantsvag@uit.no</span></a></span><span lang="EN-US" style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US"><a href="http://en.uit.no/ansatte/organisasjon/ansatte/person?p_document_id=43618&p_dimension_id=88187"><span lang="EN-US">http://en.uit.no/ansatte/organisasjon/ansatte/person?p_document_id=43618&p_dimension_id=88187</span></a></span><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US">
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<p class="MsoNormal"><span lang="EN-US" style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US">Publications:
</span><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US"><a href="http://tinyurl.com/6rycjns"><span lang="EN-US">http://tinyurl.com/6rycjns</span></a></span><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US">
<span lang="EN-US"><o:p></o:p></span></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US"><a href="http://orcid.org/0000-0003-3413-8799"><span lang="EN-US">http://orcid.org/0000-0003-3413-8799</span></a></span><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D;mso-fareast-language:EN-US">
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<p class="MsoNormal"><b><span lang="EN-US" style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span lang="EN-US" style="font-size:11.0pt;font-family:"Calibri",sans-serif"> goal-bounces@eprints.org [mailto:goal-bounces@eprints.org]
<b>On Behalf Of </b>David Prosser<br>
<b>Sent:</b> 26. mai 2015 12:09<br>
<b>To:</b> Global Open Access List (Successor of AmSci)<br>
<b>Subject:</b> [GOAL] Re: 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"><o:p> </o:p></p>
<p class="MsoNormal">I no financial wizard, but I naively think that if the price I pay for a service is less than the price I paid for that service last year then that counts as a price reduction.
<o:p></o:p></p>
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<p class="MsoNormal">David<o:p></o:p></p>
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<p class="MsoNormal">On 23 May 2015, at 00:14, Dana Roth <<a href="mailto:dzrlib@library.caltech.edu">dzrlib@library.caltech.edu</a>> wrote:<o:p></o:p></p>
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<p class="MsoNormal"><span lang="EN-US" style="font-family:"Arial",sans-serif;color:#1F497D">One way to help keep this straight is to work out the cost per currency.</span><span lang="EN-US"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-family:"Arial",sans-serif;color:#1F497D"> </span><span lang="EN-US"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-family:"Arial",sans-serif">An Article Processing Charge (APC) of 3,000 EUROs (3,900 USD/GBP2500) works out to $1.30/Euro
</span><span lang="EN-US"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-family:"Arial",sans-serif">While an APC of 2,950 EUROS (3,900 USD/GBP 2,500) works out to exchange rate of: 1.32$/Euro
</span><span lang="EN-US"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-family:"Arial",sans-serif"> </span><span lang="EN-US"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-family:"Arial",sans-serif"> </span><span lang="EN-US"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" 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.</span><span lang="EN-US"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" 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.</span><span lang="EN-US"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-family:"Arial",sans-serif;color:#1F497D"> </span><span lang="EN-US"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" 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.</span><span lang="EN-US"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-family:"Arial",sans-serif;color:#1F497D"> </span><span lang="EN-US"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" 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.</span><span lang="EN-US"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"> </span><span lang="EN-US"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:11.0pt;font-family:"Calibri",sans-serif">Dana L. Roth<br>
Caltech 1-32<br>
1200 E. California Blvd. </span><span lang="EN-US"><o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="EN-US" style="font-size:11.0pt;font-family:"Calibri",sans-serif">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>
</span><span lang="EN-US"><o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="EN-US" style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#1F497D"> </span><span lang="EN-US"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span lang="EN-US" style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span lang="EN-US" style="font-size:11.0pt;font-family:"Calibri",sans-serif">
<a href="mailto:goal-bounces@eprints.org">goal-bounces@eprints.org</a> [<a href="mailto:goal-bounces@eprints.org">mailto:goal-bounces@eprints.org</a>]
<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</span><span lang="EN-US"><o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="EN-US"> <o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="EN-US" 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><span lang="EN-US"><o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="EN-US"> <o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="EN-US" 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><span lang="EN-US"><o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="EN-US"> <o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="EN-US">My original incorrect message follows:<o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="EN-US"> <o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="EN-US">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></span></p>
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<p class="MsoNormal"><span lang="EN-US"> <o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="EN-US">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></span></p>
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<p class="MsoNormal"><span lang="EN-US"> <o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="EN-US">best,<o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="EN-US" 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</span><span lang="EN-US"><o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="EN-US" style="font-size:13.5pt;font-family:"Helvetica",sans-serif">Desmarais 111-02</span><span lang="EN-US"><o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="EN-US" style="font-size:13.5pt;font-family:"Helvetica",sans-serif">613-562-5800 ext. 7634</span><span lang="EN-US"><o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="EN-US" style="font-size:13.5pt;font-family:"Helvetica",sans-serif">Sustaining the Knowledge Commons: Open Access Scholarship</span><span lang="EN-US"><o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:13.5pt"><span lang="EN-US" 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></span><span lang="EN-US"><o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="EN-US"> <o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="EN-US">_______________________________________________<br>
GOAL mailing list<br>
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