The exchange rate is part of every transaction, whether it is shipping or item purchases or even buying QC pics. It is one of those "hidden fees". This page contains everything you need to know about the exchange rate. It's automatically updated. Let's clear up all the rumors and make sure everyone understands what this is about.
Using the following tools you can get a good overview over the different exchange rates for different agents. However, you shouldn't overvalue this information. In the end, the exchange rate is just another fee you have to pay. Only the total counts. That's why you should use the shipping calculator, it includes all fees including the exchange rate, and shows you the conclusively cheapest agent.
If the US Dollar isn't your native currency, you have to convert twice. In this case, your agent isn't the only one charging currency conversion fees. Services like Paypal use this situation to stuff their pockets, just like agents. You can use a service like Wise* to get more favorable exchange rates.
Forex isn't an agent, it's the market exchange rate published by financial institutions. You can see how much CNY you get for each USD deposited, and conversely, how much USD you have to deposit to get 1 CNY. The premium, is what you would call the currency exchange fee. You get it by comparing the rate to forex. The table is sorted by the amount of conversion fees, with the lowest fees coming first.
|Agent||Rate (you get)||Rate (you pay)||Premium||Date||Link*|
|forex||¥7.2055||$0.1388||9/23/2023, 11:01:53 AM|
|cssbuy||¥7.0001||$0.1429||2.93%||9/23/2023, 11:01:53 AM||sign-up|
|superbuy [Wise]||¥6.9262||$0.1444||4.03%||9/23/2023, 11:01:56 AM||sign-up|
|hagobuy||¥6.8634||$0.1457||4.98%||9/23/2023, 11:02:08 AM||sign-up|
|sugargoo||¥6.8||$0.1471||5.96%||9/23/2023, 11:01:54 AM||sign-up|
|superbuy||¥6.74||$0.1484||6.91%||9/23/2023, 11:01:56 AM||sign-up|
|pandabuy||¥6.71||$0.149||7.38%||9/23/2023, 11:01:56 AM||sign-up|
|wegobuy||¥6.71||$0.149||7.38%||9/23/2023, 11:01:57 AM||sign-up|
|basetao||¥6.4494||$0.1551||11.72%||9/23/2023, 11:01:53 AM||sign-up|
You can clearly see that the cssbuy has the best / most favorable exchange rate. Followed by superbuy [Wise] which is just 1.07% behind. basetao has the worst currency conversion fee, meaning you get the lowest amount of funds for your deposited dollar.
While the table above only allows you to compare the prices directly and how much you pay over the regular exchange rate (forex), this grid allows you to compare each agent with one another.
These numbers sound quite drastical. 3.7× more with basetao than cssbuy? Why would anyone even choose basetao? First of all, there are other fees to consider. Secondly, while it is true that basetao's profit margin is significantly bigger, this is only a small part of your overall cost as a customer. Let's have a look what it looks like in a real-life scenario:
So that's the difference it really makes. So now look for your agent on the left side and see how much you could save by switching. But remember to also use the shipping calculator, to consider all other fees.
And if you end up switching, remember to use on of the sign-up links from the table in the beginning to support us. Thanks.
Disclaimer: This is a graphical presentation of statistical data, provided directly by a third party ("shopping agent"), namely basetao.com / cssbuy.com / pandabuy.com / sugargoo.com / superbuy.com / wegobuy.com / hagobuy.com. This page is made for educational purposes only. The data is not vetted, influenced or produced by RepArchive.com. We cannot take responsibility for the content of external websites. No warranties for correctness of information. Nothing on this site is to be understood as advising you.
Advertisement transparency: All shopping agent links are affiliate links. Among other labels, they are labeled with "ship", "... sign-up" or a rocket symbol. We do not get a commission for the sale of the item, only for their function as a freight forwarder.
© Copyright 2017-2023 RepArchive | Developed by CH Web Development