Erik Rutins
Posts: 37503
Joined: 3/28/2000 From: Vermont, USA Status: offline
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Hi guys, Ok, after a few conversations with the store, we have it all figured out. Basically, there are three components to converting the USD price to other currencies. 1. Direct conversion using daily exchange rate 2. Currency exchange fee added 3. Price rounded to .99 #2 is the key culprit as to why the AUD price, for example, was showing up about $2 more than expected. This is a pass-through fee which our store is charged by the banks to exchange the currency back to USD. You can also purchase from our store in USD, but then you would be charged a similar currency conversion fee by your bank, so you really can't escape this one, short of showing up at our office and paying cash. #3 is a minor additional part of this. We've always rounded our prices to .99 as a business practice. Typically that's responsible for a very small amount of the difference from the exchange rate, but it does contribute. The vast majority of the difference is the conversion fee. That's basically it. So we are using the real daily currency exchange rates, but the additional currency conversion fee and the rounding end up adding a couple of dollars to the total price. Regards, - Erik
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