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Warning, don't use US dollar cost on totalcycling.com(8 posts)
|Warning, don't use US dollar cost on totalcycling.com||cw05|
Jun 13, 2003 7:34 AM
|I ordered some stuff from the site the other day based on the US dollar costs that the site lists by the items for sale, turns out that those amounts aren't the true price. Convert the English pound export price to US dollars to get your actual cost. My order ended up costing around US $15 more than I had calculated it based on the US dollar costs on the site. I finally figured this out by comparing my bank statement to the prices on the site as multiple e-mails to firstname.lastname@example.org have gone unanswered. Thought some people might like to know about this discrepancy.|
|Ever read a disclaimer?||filtersweep|
Jun 13, 2003 8:03 AM
|Welcome to the wonderful world of exchange rates.
Keep in mind that CC companies add their own fees and usually give you a lower exchange rate than whatever the rate of the moment actually is. It is like "prime rate." Somehow things always have a way of creeping up.
|You _never_ get the actual exchange rate!||BergMann|
Jun 13, 2003 9:30 AM
|Unless you are dealing in volumes of _millions_ of units, you _never_ get the market rate listed in the Wall Street Times and elsewhere.
Small commercial transactions are always going to be at a lower buying/selling rate, and that's _before_ your credit card company, bank, or American Express take their points.
Just out of curiosity, how much did you spend on the transaction with the $15 discrepancy? Over $300?
|You _never_ get the actual exchange rate!||cw05|
Jun 13, 2003 9:56 AM
|Paid US $223 and change. Still a pretty phenomenal deal for a pair of Sidi Energy road shoes, a pair of Look 396 pedals and a Conti GP 3000 tire though...I'll probably still buy from them in the future with deals like that.|
|And you are complaining?||filtersweep|
Jun 13, 2003 11:47 AM
|You received a hell of a deal.
I always consult the universal currency convertor (as described below) - some sites I just don't trust- assume the low US dollar quotes are marketing gimmicks until you confirm it with a third party tool.
Also, be thankful you don't pay VAT !
|a lesson learned,,,||C-40|
Jun 13, 2003 9:28 AM
|You should always consult the universal currency converter before placing an overseas order to avoid a surprise. Prices are in english pounds and the exchange rate with the dollar varies slightly every day.
The rates are not nearly as good as they were a year ago.
|the dollar has been taking a beating against the euro & pound||tarwheel|
Jun 13, 2003 9:41 AM
|I checked the price of a colnago mxl at maestro-uk the other day, converting the pounds to dollars, and it costs about $130-150 more than it did last fall just based on the exchange rate.|
|I know....isn't it great!!||Frith|
Jun 13, 2003 9:52 AM
|I can finally by things from US companies and be able to justify the exchange.... |
We used to have a saying in Canada..."another day another 67 cents" :-)