I was wondering if there were any plans to have the prices of books within the marketplace to be available in other currencies except USD. I'm from australia and I believe being able to have the cost of an item in AUD would be handy, especially since conversion rates are always changing the price I'm paying for content is also changing.
In general for Australia a good rule of thumb for USD to AUD is to just multiply the USD value by 1.5 to get the rough AUD cost. While there will be slight dependencies you will have quite a close result (as what fees or specific exchange rates change from bank to bank as well).
That said I'm all for having options to suit the needs of a user too.
problem with that idea is your putting exchange rate risk on the company unless they were to then go out and hedge the risk. otherwise they can make $10 on a purchase one day and loose $10 on the same purchase the next depending on rate swings and how they allocate costs (that's more of an issue with a physical good with an actual cost of goods than digital sales, but i think the general principal still applies). Aside from daily rate swings, they'd also get stuck with a conversion expense when those $AUD are converted into $US. Nice wish, but I can't imagine its going to happen.
Hey,
I was wondering if there were any plans to have the prices of books within the marketplace to be available in other currencies except USD. I'm from australia and I believe being able to have the cost of an item in AUD would be handy, especially since conversion rates are always changing the price I'm paying for content is also changing.
Thanks
I think you can have PayPal convert it. Alternatively, purchases through the app will uses the currency set in your app store.
In general for Australia a good rule of thumb for USD to AUD is to just multiply the USD value by 1.5 to get the rough AUD cost. While there will be slight dependencies you will have quite a close result (as what fees or specific exchange rates change from bank to bank as well).
That said I'm all for having options to suit the needs of a user too.
- Loswaith
problem with that idea is your putting exchange rate risk on the company unless they were to then go out and hedge the risk. otherwise they can make $10 on a purchase one day and loose $10 on the same purchase the next depending on rate swings and how they allocate costs (that's more of an issue with a physical good with an actual cost of goods than digital sales, but i think the general principal still applies). Aside from daily rate swings, they'd also get stuck with a conversion expense when those $AUD are converted into $US. Nice wish, but I can't imagine its going to happen.
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