Local pricing increase due from April 2023
You may be aware that back in January 2023, Microsoft announced that it is taking several steps to align the pricing of their Microsoft Cloud products globally, so customers will have consistent pricing that reflects the exchange rate of the local currency to the US dollar (USD).
This upcoming exchange rate adjustment for Microsoft’s global cloud products will be effective as of 01 April 2023. Currencies affected by the Microsoft pricing update increase are the Euro (EUR), Swedish Krona (SEK), Norwegian Krone (NOK), Danish Krone (DKK) and British Pound (GBP).
What does the Microsoft pricing update mean for me?
Microsoft are updating local currency cloud pricing in EUR, GBP, SEK, NOK and DKK based on foreign currency fluctuations compared to the US dollar (USD) to have greater price harmonisation for their cloud products across the globe. This will ensure that customers worldwide have more closely aligned pricing compared to the USD rate.
Note that customers who license Azure under a Microsoft Customer Agreement on New Commerce have pricing in US dollars worldwide and will not be affected by the local currency-based price changes.
As of 01 April 2023, the following adjustments will be effective for Microsoft Cloud services:
- British Pound (GBP) prices will adjust +9%
- Danish Krone (DKK), Euro (EUR) and Norwegian Krone (NOK), prices will adjust +11%
- Swedish Krona (SEK) prices will adjust +15%
Moving forward, Microsoft will establish a centralised process in which currency fluctuations and potential pricing adjustments relative to the USD will be assessed twice a year.
If you would like to learn more about this upcoming pricing updates, you can read more about this here.