Quesrtion to non-US based seller: Do you raise prices now the dollar rate is so low
I am in Europe and currently 1$ = €0.88.
That is 10 cents compared to little while ago and can add up pretty much.
What do you guys do? Just take the loss when you get paid or riase your prices a little?
Risig the prices causes worse comepetition .......
9 comments
reallynicestamps
·1 year agoWhen we had our shop (one block from Parliament Hill) we took USD at a better price than the tourists could get at any bank- Canadian or US.
But we had to give change in Cdn currency - including loonies and toonies. ($1 &$2 coins). We just told people to give them to the grandchildren as souvenirs.
pikabo-icu
·1 year ago@roncards3 I guess I'm confused.. I frequently by from Europe and I have to pay more US dollars if the item is listed in Euros to account for the exchange rate.
So European sellers are still getting the same amount of Euros at which they list, US buyers are just paying more.
If I buy from Australia or Canada I pay a little less in USD but they still receive the same amount, they priced at, of their currency.
If you list at 100 Euro I have to pay 113.45 USD. So what is the loss exactly?
I'm confused.
reallynicestamps
·1 year agoMost people have problems with foreign exchange.
It's worse when the currencies have the same name - like the "dollar " used by the USA, Canada, Bahamas, Hong Kong, Zimbabwe, Australia, etc.
And then there is the fun of trying to explain that there are different buy/sell prices and that the "mid-market" rate changes minute by minute and has almost nothing to do with what we pay at our bank.
Never mind that it is possible to shop around and get better rates than the bank, perhaps at a foreign exchange shop or a credit union or even the bank across the street.
sin-n-dex
·1 year agoI was in Richards Bay South Africa asking about the price of something in South African Rand. They told me the price and I said to my partner (who doesn't know the exchange rate) "that's $8". The sales clerk argued "no it's much less than $8" and started using the calculator to give me the price in dollars. I said "we're from Canada, we have our own currency, it's $8 of our dollars". They didn't want me to be wrong on the exchange and think they were charging more than it was (and thus not buying it for being too expensive).
C.
roccotacodad54
·1 year agoI ran into a problem once returning from Canada to the US. I worked summers in Canada and had a bank account there in Canadian dollars.
Upon my return to the US I withdrew $2,000.00 in US currency so I'd have cash for the trip back to the southwest. Oh boy. At the border they must have counted it 10 times and kept asking me how I got $2000.00 in US currency in Canada. I must have explained 10 times that I could and did withdraw it from my account in Canada in US dollars.
I saw them on the phone while I waited and they seemed to be genuinely confused. They finally reluctantly returned my money and stared holes through me as they let me through. I just assumed the agents at the US border knew I could do that. This was around the mid 1980's. I remember one of them mentioned the exchange rate like I was up to some money fraud or something.
roncards3
OP1 year agoPikabo, i suppose you buy from other ebay sites then, like .de or uk etc.
I list on ebay.com and as far as I know i can only list oin US$.
reallynicestamps
·1 year agoOur Canadian loonie (dollar) has been lower than the USD for several decades.
At one point as low as 60c USD to the loonie, more often 70-75c.
I am buying in loonies and selling in dollars.
The difference in the two currencies allows my to use Free Shipping on most of my shipments.
There are advantages to being on the low side of the spread.
dhbookds
·1 year agoWhy not ask on a European board...........UK/Germany........? This is a board primarily of US sellers...........so you would probably get more pertinent answers there.
roncards3
OP1 year agoPosts on those boards hardly get any replies. ...