This is not a joke.

Foreign shoppers benefit from changes in currency exchange rates

European debt crisis is smell, louis vuitton bags ,discoloration, such as the Bank of batches collapse of laborers is a lot of unemployment and even countries to make ends meet, but it does have one advantage: luxury has become increasingly cheap, especially some of the latest fashions Asian buyers concerned.

AyieAligada from the Philippine capital of Manila, was once an airline training manager, her biggest gain in the European Tour € 1,475 to buy a long-standing favorite Chloe handbag. To buy this package in the past, at least spend more than € 1,600.

Same good also occurred in Singapore housewife ElaineChua body, her visit to Paris four days, saving 1,500 Singapore dollars (louis vuitton Replica handbags) to buy a Chanel (Chanel) classic shoulder bag, saving the equivalent of a round-trip tickets to Europe.

Euroean stores and Asian stores designer bags spread what is the number? Louis Vuitton, for example, according to Paris, France, a LV treasurer of Jean-JacquesGuiony the introduction, in the first quarter of this year, louis vuitton handbags same paragraph package has reached 47% in French stores and store the difference. In other words, if the money bag in China, sold 10,000 yuan, only the value of 6800 yuan in Paris.

It all comes down to the devaluation of the euro against the currencies of Asian countries. The data show that the Philippine peso against the euro in the past years, the cumulative 19% appreciation of the yuan and the Thai baht against the euro were accumulated appreciation of 17%, 12%. Because of the rising purchasing power of Europe as a tourist attraction growing, the Philippine capital, Manila, for example, European travel surged 30% in the first quarter of this year, the place to book a trip to.

Of course, luxury hot but also due to the purchasing power of Asian tourists crazy. HSBC report shows that the total Asian tourists to buy products accounted for 35% to 60% of the entire European luxury income. The first quarter of this year, the total duty free goods bought by Chinese tourists in Europe improved 69% year-on-year.

"The economic slowdown and the debt burden will push the euro continued to depreciate against Asian currencies", Mizuho Bank Asset Management the International Solid closing competent AkiraTakei said, "The advantage of the exchange rate will be conducive to the European tourism industry and the Asian shoppers."

The Aliada heartfelt sigh, "changes in exchange rates has made a fortune."

Luxury shares outstanding rally

If you are not keen on buying designer handbags, watches, or clothing, then focus on luxury goods stocks may be a good choice.

Ermenegildo Zegna (ErmenegildoZegna), the Italian luxury clothing enterprises are being launched on the market "aggressive" offensive. Publicity, including cooperation with travel agencies, to ensure that visitors know brand outlet mall in Europe (Outlets) position. Its chief executive, said last month that the company's 2012 revenue is likely to grow by 10%, multilingual staff may increase in the future.

In addition, two luxury goods company Prada [51.05-0.87%] and Gucci also enjoy this shopping craze. Prada CEOPatrizio-Bertelli had said that if the euro remains vulnerable, might consider a 10% price increase in Europe. But by the tourism wave of driven, Gucci quarter of this year, revenues increased 15%.

"Daily Economic News" reporter Statistics found that, since the beginning of this year, the luxury price multi outperformed the benchmark index. Gucci has risen to 81% (outperforming the S & P over the same period by 72 percentage points) as listed in the New York; listed in Paris, LVMH rose 10% (outperforming the the law CAC6 percent); Prada listed in Hong Kong, China rose 45% (run win the Hang Seng 38 percent). According to statistics, the Bloomberg luxury goods index rose 16% during the year.