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Exchange Rate Policy

csa_marvin on 08/19/2014 17:05

Exchange Rate Policy

 

BrickLink uses current exchange rates from XE.com to convert prices between the following currencies:

 

Argentine Peso (ARS)  Australian Dollar (AUD)  Brazilian Real (BRL) 

Bulgarian Lev (BGN)  Canadian Dollar (CAD)  Chinese Yuan (CNY) 

Croatian Kuna (HRK)  Czech Koruna (CZK)  Danish Krone (DKK) 

Estonian Kroon (EEK)  Euro (EUR)  Guatemalan Quetzal (GTQ) 

Hong Kong Dollar (HKD)   Hungarian Forint (HUF)  Indian Rupee (INR) 

Indonesian Rupiah (IDR)  Israeli New Shekel (ILS)  Japanese Yen (JPY) 

Latvian Lats (LVL)  L ithuanian Litai (LTL)  Macau Pataca (MOP)

Malaysian Ringgit (MYR)  Mexican Peso (MXN)  New Zealand Dollar (NZD) 

Norwegian Kroner (NOK)  Philippine Peso (PHP)  Polish Zloty (PLN) 

Pound Sterling (GBP)  Romanian New Lei (RON)  Russian Rouble (RUB) 

Serbian Dinar (RSD)  Singapore Dollar (SGD)  South African Rand (ZAR)

South Korean Won (KRW)  Swedish Krona (SEK)  Swiss Franc (CHF) 

Taiwan New Dollar (TWD)  Thai Baht (THB)  Turkish Lira (TRY) 

Ukraine Hryvnia (UAH)  US Dollar (USD)

 

Exchange rates on BrickLink are downloaded from XE.com every 1 hour on top of the hour. Exchange rates provided by XE.com contain the rates and inverted rates for the US Dollar as the base currency (ex. 1 USD = ? EUR and 1 EUR = ? USD). Rates which do not include the US Dollar (ex. 1 EUR = ? GBP) are calculated using a cross rate (ex. USD to GBP rate divided by USD to EUR rate). Rates contain up to 10 decimals. The exchange rates on the XE.com website are updated more frequently and thus the exchange rate on the XE.com website may not match the exchange rate currently in the BrickLink system exactly. If the system fails to download the most recent exchange rate, the most recent exchange rate in the system is used.

Per the XE.com Terms of Use , the actual exchange rate that is used to convert prices cannot be displayed anywhere on this site. For current rates, please visit XE.com .

Prices and order grand totals are converted in all stores the same way using the same exchange rates. For more information on how currency conversion applies to the different site features, please see the Store Currency help topic.

If more currencies are added to the system, you automatically accept for prices in those currencies to be converted using these exchange rates. If BrickLink abandons the multi-currency system and moves back to all prices in US Dollars, prices in currencies other than the US Dollar will be converted to the US Dollar using the most recent exchange rate in the system.

Additional Rules:

  • In your store terms, you can mention currency conversion and that your prices are converted using xe.com rates but only if it's consistent with how the currency conversion is actually done - the system automatically converts prices using exchange rates from xe.com updated once an hour and order totals are converted using the latest exchange rate in the system as of the time the order is submitted. You don't need to mention currency conversion at all since the system automatically puts an explanation how currency conversion is done on your store terms page.

  • Using other exchange rates is prohibited. Currency conversion is done the same way using the same exchange rates in all stores.

  • Hard-coding an exchange rate in your store terms, splash page, store banner or anywhere else in your store is prohibited. Since exchange rates are updated once an hour, the hard-coded exchange rate would not correspond to the actual rate that is being used at any given moment. You can instead instruct your buyers to check the XE.com website to see what the current rates are.