How Currency Fluctuations Affect the Watch Market | Market Wrap

Through the lens of the watch market, 2021 is off to a strong start, with a boost in both buying and selling activity, and record trading values on the most iconic models. This episode of Market Wrap already marks our third of the year, and Mike Manjos continues to take stock of it all, turning his attention to the weakening dollar and what that means for prices worldwide. Before the conversation turns to currency, we shine a spotlight on a few exceptional watches that landed on the trading floor this week, including two from Patek Philippe. The first in hand is Ref. 6007A-001, a Limited Edition Calatrava in stainless steel, introduced to celebrate the company’s new manufacture in Plan-les-Ouates, Geneva. And the second is Ref. 5036/1R-001, a handsome, classic annual calendar with a moonphase display, presented on a rose gold bracelet. Mike rounds out the segment with an otherworldly Rolex Daytona, crafted in white gold with a stunning meteorite dial. As the head of global trading for WatchBox, Mike always has an eye on foreign exchange rates, and he’s been monitoring the steady decline in the US dollar against the strength of the Swiss franc. Tune into the episode for a discussion about currency swings, projected price increases, and the anticipated strengthening of Patek Philippe. We welcome your questions, and want to keep the conversation going. Email [marketwrap@thewatchbox.com] with any inquiries, and don't forget to like, comment, and subscribe! Watch SKUs: Patek