For the first time in my life, the Canadian dollar has closed at over the 90 cent US mark. Some are predicting that they will be equal in value by next year. Wow.
There’s a multitude of social-economic effects of this, mostly involving cross-border business, tourism and all that other fun stuff. Whatever. The important question is: what does it matter to me? And with the kinds of products that I buy, small media things, it means a potential for a lot of savings.
The higher the dollar rises, the cheaper and cheaper importing from the US (or anywhere else abroad that charges by USD) becomes. And with relatively low shipping costs (for books, DVDs, games, etc), it is becoming increasingly cost-effective to just order stuff from abroad.
“Budget” games, which go for $19.99 USD, have always been exactly ten dollars more expensive here. This price is always fixed, so no matter how much the dollar fluctuates, they stay at $29.99 CAD. It’s sort of like when books have a price tag printed on them in USD and CAD. No matter how much the dollar changes, the price will remain as it was when it was printed (barring sales and all that). Now, if I order that same $19.99 budget game from the US, all I have to pay is $22.38. 25% savings!
Of course, there’s shipping too, but for small items it doesn’t affect things too much. If I go by Amazon’s rates, for three budget games shipping would cost me about $11.06. The games would be $66.60. In total three games with shipping would cost $77.66 CAD.
Meanwhile, if I were to walk into a local store and buy the exact same games with cash and, obviously, no shipping, I’d be paying $89.97
I save twelve dollars, get it delivered to my door and I don’t have to go and deal with game store employees. This rising Canadian dollar is going to be a boon for online shopping.