Australia’s strong dollar exchange rate against the US greenback has led server vendor, Opengear, to reduce its product prices by 30 per cent.
The Australian dollar averaged $US0.91 in the last quarter – up significantly from $US0.663 during the first quarter of 2009. The vendor claimed increased confidence in the market was the impetus for passing on currency savings.
In a release, Opengear founder and chairman, Bob Waldie, said the revised pricing would be based on a $US0.90 or better rate.
"At Opengear, we undertake all of our R&D in Australia and appreciate that our strong Aussie dollar is making life hard for all our exporters – be they farmers or software developers,” Waldie said in the release. “It is essential that small, medium and large enterprises as well as government take full advantage of the strong dollar for ICT.”