by Jihane Salhab and Heather Morrison
The following chart and table (thanks to Jihane) are designed to illustrate the impact of currency fluctuations on OA APCs assuming an international approach to publishing. If you are in the E.U., an APC in USD that has not changed in price over the past year will cost you 21% more today than it did a year ago, due solely to the rising strength of the U.S. dollar. Conversely, in the US your APC dollars buy more in EUR, GPB, JPY or Canadian dollars today than they did a year ago. A strong currency works in your favour when you are buying (paying for APCs), but to your detriment when you are selling (your prices went up even though you didn’t change them; you are less competitive). This makes budgeting for APCs difficult for libraries, universities, and funders. This is important because libraries, universities and funders generally work within the constraints of fixed budgets. This variation due to currency fluctuations is a disadvantage of international publishing whether based on APCs or subscriptions. Using local services to the greatest extent possible is one way to avoid or minimize the impact of currency fluctuations. This post is part of the open access article processing charges project.
|1 USD (2014)||1 USD (2015)||% of value loss to the US Dollar|
|Canadian Dollar||1.09 CAD||1.20 CAD||10%|
|Japanese yen||101.46 JPY||119.38 JPY||18%|
|UK pound sterling||0.60 GBP||0.63 GBP||5%|
|European Euro||0.73 EUR||0.88 EUR||21%|
Salhab, J., & Morrison, H. (2015). In the E.U.? Your USD APCs cost 21% more than a year ago. Sustaining the Knowledge Commons / Soutenir Les Savoirs Communs. Retrieved from https://sustainingknowledgecommons.org/2015/05/20/in-the-e-u-your-usd-apcs-cost-21-more-than-a-year-ago/