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The companies had to be paid in their own currencies, at a much less favourable exchange rate than last year.
You also have the option of locking into a favourable exchange rate for up to two years.
It is a bit on the cramped side, but prices are reasonable, especially with the favourable exchange rate against the dollar.
Also, many tour operators will have bought US dollars some months ago at a more favourable exchange rate than the current one.
The big advantage of the favourable exchange rate is that you can also including a spa day to make your stay that extra bit special.
Bank impose higher charges on international transactions, but this may be cancelled out by the favourable exchange rates between banks.
Forward contracts protect against adverse currency movements and can be used to lock into favourable exchange rates.
However, their big advantage is that they leave the purchaser with unlimited upside potential in the event of a favourable exchange rate movement.
Exports are increasing and the euro will have a favourable exchange rate with the US dollar.
However, the favourable exchange rate for overseas investors will ensure a steady stream of international buyers continue to flood the market.
The favourable exchange rate doesn't help with most major costs on the island, as excursions and accommodation are priced in US dollars.
Another contributory factor was the expected favourable exchange rate payments and downward pressures on hotel bed prices, particularly in Spain.
Currency brokers can also help you with regular international transfers and allow you to lock into favourable exchange rates for up to two years.
Potential profits on overseas transactions can be reduced, eliminated or enhanced by adverse or favourable exchange rate movements.
The benefit of favourable exchange rates was more than offset by the adverse impact of weaker precious metal prices, particularly rhodium (see page 21).
Favourable exchange rates, improved intellectual property rights protection and continued pressure from the federal government to remove trade barriers should all contribute to a strong export market.
A lower transfer fee may indicate that the cost saving has simply been 'transferred' over to the spread - so you effectively get a less favourable exchange rate.
Many shops and smaller businesses that accept euros take notes only, and give change in Swiss francs, usually at a less favourable exchange rate than banks.
In Europe, the presence of good beaches for bathing, a warm climate and favourable exchange rates led to the rapid growth of tourism in Spain.
The favourable exchange rate with the South African rand (ZAR) also increases the attractiveness of international experience.
Mr Salem said there was an enormous increase in French, Dutch and Spanish shoppers cashing in on favourable exchange rates.
Secondly, UK holidaymakers were looking for a cheaper alternative to overseas travel and travellers from outside the UK benefited from a favourable exchange rate.
Many fans from the UK imported these versions instead, not only due to their superiority, but the favourable exchange rates made them no more expensive than the Clear Vision title.
In USA the price rises were masked by a favourable exchange rate until after the mid-eighties but the need for new models and the 1987 stock market crash brought it all to an end.
The recent news that prices in the UK are about 40 per cent higher than those in the rest of Europe, plus favourable exchange rates, has sent shoppers scurrying across the Channel.