D�nes BOGS�NYI2001-11-28 2:00 PM > On 28/11/01 15:36, "Michael Scheurer" <[EMAIL PROTECTED]> wrote: > >> Word (sic) has it there won't be a cheap upgrade for us in Australia! >> >> Figures thrown around pin the upgrade at AUS$620 which is the equivalent of >> the US$299 upgrade... >> >> I was happy to pay the lower upgrade price, but 620 of our pristine aussie >> buck is a bit a tad out of my reach for an email app... :( >> >> I suppose it's another reason not to switch to X. >> >> Disappointed >> >> michael >> > This is particularly the case when the exchange rate is around 1USD = > 0.52AUD but MS calculates it as 1USD = 0.482AUD. I consider that someone is > making a killing on the deal.
If MS states the pricing to everyone, no matter what country you are located in, in US dollars, MS do not, themselves, benefit in any way from the exchange rate. Let's assume the product is selling for US$100. You, the purchaser are simply buying US dollars through your financial institution, or credit card company as the case may be, in order to ensure MS receives payment of $100 US dollars which is their only accepted currency. In the case of Aussie dollars you would pay approximately AUD191.24 to purchase 100 USD under today's rate. The beneficiaries of the exchange rate are the financial institutions/money traders, whomever, (from whom you buy this commodity) through their mark up on the difference of what they pay you for your money versus what rate they will sell it to you. Incidentally, and speaking only from a Canadian point of view, the mark up, or profit to the Banks from buying/selling currencies is considered reasonable. Today for example if you wanted to buy US$100 it would cost you CDN$161.21 If you wanted to sell US$100 to the bank they would give you CDN$156.78. The difference between the buying/selling rate which equates to $4.43 is the profit to the bank. These are the folks who benefit from exchange rates. -- To unsubscribe: <mailto:[EMAIL PROTECTED]> To search the archives: <http://www.mail-archive.com/entourage-talk%40lists.boingo.com/>
