smitthhyy
Newbie level 6
Im sure most won't realize but there has been a shifting in the exchange rates between some countries which opens up the opportunity for some real bargains for a short time. The Australian dollar has been trading stronger than the US dollar for quite some time (around US$1.00 = AU$0.95). This has shifted the other way with the latest being US$1.00 = AU$1.12.
So what does this mean to someone in the US that is looking for a bargain?
Australian businesses purchase (import) in US$, so they have been able to buy at a good price. They advertise the product based on that purchase price. In the mean time, the exchange rate has changed but the price doesn't (yet).
Lets use as an example a "chipKIT Basic I/O Shield". Digilent in the US ( at AU$36.30 (* (1/1.10) = aprox US$33.00). $5 difference.
For one item, probably not worth it, but 2 or more is a different matter as shipping needs to be taken into account as well.
Note that this is time limited as the market will settle and this advantage will vanish.
You should also do the maths on your specific purchase as banks and paypal often also want a cut of the transaction. I typically use xe.com to get the base exchange rate and adjust 3 cents. (so if xe.com says it's $1.13, I use $1.10).
If you find bargains related to this, share what you found.
Moderators: If this is not the right section please accept my apology and move it. I did look to try and find the most appropriate to share this info with others. As it's not technical but intended for electronics people, this one seemed to be closest. It's sort of promotion/advertising too
So what does this mean to someone in the US that is looking for a bargain?
Australian businesses purchase (import) in US$, so they have been able to buy at a good price. They advertise the product based on that purchase price. In the mean time, the exchange rate has changed but the price doesn't (yet).
Lets use as an example a "chipKIT Basic I/O Shield". Digilent in the US ( at AU$36.30 (* (1/1.10) = aprox US$33.00). $5 difference.
For one item, probably not worth it, but 2 or more is a different matter as shipping needs to be taken into account as well.
Note that this is time limited as the market will settle and this advantage will vanish.
You should also do the maths on your specific purchase as banks and paypal often also want a cut of the transaction. I typically use xe.com to get the base exchange rate and adjust 3 cents. (so if xe.com says it's $1.13, I use $1.10).
If you find bargains related to this, share what you found.
Moderators: If this is not the right section please accept my apology and move it. I did look to try and find the most appropriate to share this info with others. As it's not technical but intended for electronics people, this one seemed to be closest. It's sort of promotion/advertising too
