Home  >  Community  >  The eBay Outlook  >  Currency discrepancy.. Who's right?
<< previous topic post new topic post reply next topic >>
Community Guidelines 
 preacher4u
  		posted on December 5, 2000 06:24:05 PM
I want to bid on a very high dollar item from a seller on the UK.

From eBay's default currency exchange, it comes to about 1.45 dollars per pound, but in the auction description, the seller says that the "exchange rate is $ 1.60". In the case that I win the auction, how much should I have to pay, what the seller says or what eBay says?


 
 mzalez
  		posted on December 5, 2000 06:36:35 PM
I would go by the eBay rate. Maybe he was just quoting the rate for your convenience, and he hasn't been updated for awhile. Since you will have to pay in pounds, it doesn't matter what he says anyway. What is going to matter is what the rate is when you go to exchange your funds.

You could email him and to inform him of the latest rate.

 
 AnnieJean
  		posted on December 5, 2000 06:48:03 PM
Why not check the rates using the International Currency Converter at http://www.xe.com/ucc/.

They're usually right up to date on the conversion rates.

 
 imabrit
  		posted on December 5, 2000 07:31:56 PM
Okay I deal a lot in international currencies.Particularly pounds to dollars.

The rate you get will NEVER be the rate you see on the international currency converter.

What you get is often 5 to 10c diff.

Best rate you can get is with a credit card.

Banks will be higher as they may buy at the 1.45 rate but buy tens of millions of dollars for doing so.

But they want to make a profit on you so you may see 1.52-1.55.

So my take is that ebaY is too low and the seller is too high figure in the middle.

The last exchange I did with Visa was for 1321.45 GBP.Converted 1,907.24 Dollars.

So the rate was 1.44 but early November the rate was about 1.40.

Adrian



 
 stockticker
  		posted on December 5, 2000 08:42:39 PM

I suspect the seller is including bank charges for depositing a out-of-country check in the U.K. in his calculation of the exchange rate.

Irene
 
  Return to top of page 
<< previous topic post new topic post reply next topic >>
All times are Pacific Time

Jump to

All content © 1998-2025  Vendio all rights reserved. Vendio Services, Inc.™, Simply Powerful eCommerce, Smart Services for Smart Sellers, Buy Anywhere. Sell Anywhere. Start Here.™ and The Complete Auction Management Solution™ are trademarks of Vendio. Auction slogans and artwork are copyrights © of their respective owners. Vendio accepts no liability for the views or information presented here.

The Vendio free online store builder is easy to use and includes a free shopping cart to help you can get started in minutes!