Q4 Patent and Trademark Currency Preview

Currency Exchange

US IP Owners: Are you ready to pay up in Q4?

The US Dollar has been declining in value against several currencies, and with 4th quarter maintenance invoices coming at the end of August, we thought we’d look to see the likely impacts on patent and trademark owners.

Is It time to increase the budget?

patent budget

The Euro to Dollar rate is a good indicator of what’s to come, with the bank rate for Euro purchases moving from 1.07183 at the end of May (when most 3rd quarter invoices are generated) to 1.11359 today.

So – what does that mean for your Q4 budget?

Patent and trademark portfolio mix matters

patent

If your portfolio is heavily weighted towards Asia, you’re in luck. CNY (China) and JPY (Japan) to US Dollar rates haven’t moved much since Q3.

Have a lot of European or United Kingdom assets due for renewal in Q4? Get ready to pay more for currency.

How much more?

patent fee increase

First, we have to stress that there are no guarantees with currency – so this is purely an estimate based on currently available data, but if things continue as they are, you can expect to pay 4% more in Q4 than in Q3, all things being equal. 

Making it real for patent and trademark owners

truth

If your vendor charges you 5% for currency costs for the Euro, you paid roughly 1.125M US Dollars for 1M Euros at the end of May for Q3 payments.

Assuming today’s rates hold, and your vendor charges you the same for currency, you’ll pay 1.169M for the same 1M Euros—44k or roughly 4% more.

patent trademark currency fees

Want more of this kind of stuff? Take A Look Here!

graphic concept with wood blocks arrow scaled
Design Fee Updates

March 1 Cost Decrease Coming For Hong Kong Designs

Hong Kong has announced a decrease in design fees to “promote the further development of intellectual property trading,” contingent upon the completion of the proper ...
Read More →
covid 19 global economic crisis
Design Fee Updates

Russia, EP, and OAPI Hague Design fee updates coming

Russia, EP, and OAPI Hague Design Fee Updates Coming Hague Design fees don’t change very often, but this week, we received notification of updates coming ...
Read More →
euro money coins with excavator worker white scaled
Design Fee Updates

IP Currency Costs: More Than a Maintenance Issue

Over the past several years, we’ve seen a significant focus on improving currency cost controls for patent annuities and trademark renewals but comparatively less on ...
Read More →

More To Explore

Full logo

We've Got a Lot To Share!

Sign up for quick IP-focused updates every Friday.
small c popup

Let's Do It!

Give us your email if you’d like to try out our Firm Planning Bundle. We’ll send you a confirmation email and get your trial started. If you don’t see an email within 10 minutes, check your spam folder.

There’s no cost or long-term obligation.
small c popup

Let's Do It!

Give us your email if you’d like to try out Client Planner. We’ll shoot you a confirmation email and get your trial started – check your SPAM folder if you don’t see an email within 10 minutes.

There’s no cost or long-term obligation.
Full logo

We need a little info...

Give us some contact info and we’ll email you the program details. No SPAM, no hassles. 
Full logo

You're All Set!

You should receive a confirmation shortly.
Check your SPAM folder if you don’t see an email.
small c popup

Let's Do It!

Give us your email if you’d like to try out IP Forecaster. We’ll shoot you a confirmation email and get you setup quickly – check your SPAM folder if you don’t see an email within 10 minutes.

There’s no cost or long-term obligation.