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If the shops here bought stuff from the US or in US$, we might see it reflected in their prices. They don't, they buy it from a wholesaler. The wholesaler has already paid for the stock previously at a lower exchange rate, so they can't give the shops a better price given what the current $ value is, otherwise its all additional loss. Wholesalers set a price for the year, hoping to make a profit based on currency, but if the exchange rate changes as much as it has recently, they can make a killing, as long as they order when the exchange is good.
I'm happy to buy from the US for some stuff, otherwise am happy with the prices here.
Live with it (something I seem to be saying regularly at the moment.), stop your whinging and come to expect it. They are business's, not a charity
Last edited by BlackFZR; 09-10-2007, 01:36 PM.
Reason: Correction from Sathid :)
If the shops here bought stuff from the US or in US$, we might see it reflected in their prices. They don't, they buy it from a wholesaler. The wholesaler has already paid for the stock previously at a lower exchange rate, so they can't give the shops a better price given what the current $ value is, otherwise its all loss. Wholesalers set a price for the year, hoping to make a profit based on currency, but if the exchange rate changes as much as it has recently, they can potentially hardly even break even.
How does that work? If they (the wholesalers) have already bought the stock, how does currency changes affect them at all, or if they buy throughout the year, and sell at a set price, and the AUS$ is MORE valuable against the US dollar, they make MORE money. Something seems up with either your logic or my understanding
I'm happy to buy from the US for some stuff, otherwise am happy with the prices here.
Live with it (something I seem to be saying regularly at the moment.), stop your whinging and come to expect it. They are business's, not a charity
I'm not a charity either, which is why if I can get something particularly cheaper somewhere else, I will. Especially if they don't feel the desire to help the customer out by passing on at least to SOME degree, any saving they receive. It's a two way street.
No amount of genius can overcome a preoccupation to detail.
If the shops here bought stuff from the US or in US$, we might see it reflected in their prices. They don't, they buy it from a wholesaler. The wholesaler has already paid for the stock previously at a lower exchange rate, so they can't give the shops a better price given what the current $ value is, otherwise its all loss. Wholesalers set a price for the year, hoping to make a profit based on currency, but if the exchange rate changes as much as it has recently, they can potentially hardly even break even.
The wholesalers would take possible changes in the Australian dollar into account when setting their prices. If the dollar goes up - they're laughing. If the dollar goes back to 75c, then they've probably hedged that risk with higher prices which don't seem to have changed much...
Hell, if the dollar went up and I was a wholesaler, I'd be leaving my prices where they were and reap the benefits. Easier to leave the price set than drop it and put up with people whinging when it goes back up.
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