Currency costs can be a substantial portion of international intellectual property service charges. We’re showcasing the Euro and Dollar this week to update you on these changing costs. Stay tuned for our June currency deep dives next week!
June Currency Update: Increased Cost of EUR for USD-Invoiced Clients
High: 1.09774 (June 22) Low: 1.0699 (June 7) Avg: 1.0834
Costs for the Euro increased slightly throughout June for USD-invoiced clients. On June 1st, the EUR/USD bank rate was 1.07183; on the 29th, it closed at 1.08914. To put this in perspective, below is what a USD-invoiced client would have paid* for a 10th-year German patent annuity (430 EUR) at the beginning of the month versus the end.
Date | Bank Rate | 3% Cost | 5% Cost | 10% Cost | 15% Cost | 20% Cost |
June 1 (USD) | 461 | 475 | 484 | 507 | 530 | 553 |
June 29 (USD) | 468 | 482 | 492 | 515 | 539 | 562 |
June Currency Update: Decreased Cost of USD for EUR-Invoiced Clients
High: 0.934668 (June 7) Low: 0.910966 (June 22) Avg: 0.923094
The cost of the US dollar decreased slightly throughout June for EUR-invoiced clients. On June 1st, the USD/EUR bank rate was 0.932988; on the 29th, it closed at 0.918156. To put that in perspective, below is what a EUR-invoiced client would have paid* for a 7.5-year United States patent annuity (3,760 USD) on June 1st versus the 29th.
| Date | Bank Rate | 3% Cost | 5% Cost | 10% Cost | 15% Cost | 20% Cost |
| June 1 (EUR) | 3508 | 3613 | 3683 | 3859 | 4034 | 4210 |
| June 29 (EUR) | 3452 | 3556 | 3625 | 3797 | 3970 | 4143 |
Currency Source: www.oanda.com
*Doesn’t include annuity vendor or firm service fee
