Examples
Baseball bat - purchased by customer
Purchase Price USD | $99.99 | |
US Ground Shipping USD | $16.00 | |
Shipping to Australia USD | $36.53 | Shipped using Priority Mail |
Insurance USD | $4.50 |
The exchange rate on date of purchase was 1.0327 USD
The exchange rate on the day the bat shipped was 0.9638 USD
Costs of getting bat to US to OZ
Goods + US Ground Shipping: $115.99 USDExchange Rate used: Spot Rate 1.0327 - 0.025 = 1.0077
Goods + US Ground Shipping: $115.99 * (1 / 1.0077) = $115.10 AUD
Costs of shipping bat to Australia
Shipping to Australia + Insurance = $41.03 USDExchange Rate used: 0.9638 - 0.025 = 0.9388
Shipping + Insurance to Australia: $41.03 * (1 / 0.9388) = $43.70 AUD
US to Oz fee = $12.00 AUD
Total Cost: $115.10 + $41.03 + $12.00 = $170.80 AUD
The cost of the bat in Australia is $500.00 AUDSavings were $329.20 AUD or 65.84%