This presentation highlights the importance of exchange rates in the California wine industry and presents the following points:

  • Strong dollar hurts the California wine grape and wine industry three ways
  • From this preliminary analysis there is no evidence that the exchange rates dominate the bulk wine trade
  • There are other things that influence the wine trade: yields, demand changes, policy (duty drawbacks)

See PDF presentation here: Introduction to Wine Trade Weighted Exchange Rates by Georgi T. Gabrielyan.