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4Translation
Connections Volume 6
No. 1 January 30, 2004
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www.4translation.com
info@4translation.com
Tel: 1.888.777.9531 |
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Att: [Name] |
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[Account] |
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Greetings from 4Translation, |
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Welcome to this issue of the 4Translation
Connections newsletter. We are pleased to
enter our 6th year of the Connections
Newsletter and appreciate the support we
have received over the past 5 years of
service to our clients. |
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In this issue: |
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Strong Euro |
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For over 18 months, we have experienced a
dramatic increase in the exchange rate of
the US dollar versus the Euro. The following
table illustrates the strength of the Euro
versus the dollar since June of 2002: |
| June
2002 |
January 2004 |
Difference |
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1 Euro (EUR) = 0.93440
US Dollar |
1 Euro (EUR) = 1.21750
US Dollar |
30 % |
| Source:
www.oanda.com |
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Thus far, the US Government has not taken
steps to strengthen the value of the dollar
against the Euro for several reasons. As
long as the US inflation rate remains low,
the weak dollar improves our trade deficit
and makes US made products and services less
expensive to European customers. Therefore,
the weak US dollar makes US products and
services more attractive to international
markets. This is great news to our clients
who market their products overseas. |
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However, the weak dollar presents a
challenge for the localization industry as
well as for 4Translation. The weak dollar
impacts direct costs for language resources
since we use native speakers for your work. Over the past few months, we
have seen a gradual increase in the rates
from our translation partners throughout the
world. Consequently, the overall cost for
European languages will increase given the
strength of the Euro. |
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Despite the fluctuation in currency -
4Translation's commitment stands stronger
than ever to provide you, our client, with
the best service and pricing possible. We
will continue to use professional, native
speaking translators and continue our strong
partnerships with our overseas translators. |
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Overall, we believe the strong Euro will
allow our clients to sell more products and
services to foreign markets. Therefore, the
increase in overall revenue will help offset
the incremental increase in the cost of
localization services. |
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If you have any questions regarding exchange
rates or would like us to update pricing
on a particular project, please contact your
Project Manager. |
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LTRAC Feedback |
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Our LTRAC Project Management and Quotation
system was made available to our clients
in May of 2003. In the past 8 months, we
have updated the application based on user
feedback and real time project information.
Our goal with LTRAC is to provide our
customers with state of the art technologies
to automate the document translation
process. |
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Click here to send us your comments or
feedback based on your experience for
any of the following categories: |
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Client Login and
Extranet Navigation |
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Update Client Profile
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Document Management
Module and File Transfer |
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Request Pricing Link |
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Project Proposal Email
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Completed Project
Archive |
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Regards, |
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