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.
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. 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. Details and examples from a few other currencies: http://sustainingknowledgecommons.org/2015/05/20/in-the-e-u-your-usd-apcs-cost-21-more-than-a-year-ago/ Congratulations to the US - a strong currency tends to reflect a healthy economy. best, -- Dr. Heather Morrison Assistant Professor École des sciences de l'information / School of Information Studies University of Ottawa Desmarais 111-02 613-562-5800 ext. 7634 Sustaining the Knowledge Commons: Open Access Scholarship http://sustainingknowledgecommons.org/ http://www.sis.uottawa.ca/faculty/hmorrison.html [email protected]<mailto:[email protected]>
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