4 replies to this topic

[dmgriff]

I made a purchase from the SVbony website in the US yesterday thru PayPal and received a email receipt from SVbony confirming my order in Euros? My receipt from PayPal is in US dollars for payment to the Hong Kong holding company.

 

I guess this may have something to do with the tariff "thing"?

 

 

[kasprowy]

I got the same also, but on their website the order shows in USD and I was billed in USD.

[dmgriff]

Maybe the Euro is replacing the Dollar in some international transactions? I saw or read a business report that may happen with a decrease in global confidence in the US bond market or something in this tariff war. And the Svbony holding company is in Hong Kong, China.

[sevenofnine]

It could also be the 145% tariff that was just lowered to 30%. Europe didn't do this nonsense. China and USA are still figuring things out. I would not order direct for awhile but that's just me 

[dmgriff]

Yes this does have to do with international trade.

 

I was out and about this morning and a report on NPR about global reserve currency indicated there could be a shift from the USD. There is "a school of thought" among some in the US that a strong dollar is not always good for trade. A strong dollar makes US exports more expensive and imports to the US cheaper. 

 

1 euro equals 1.12 dollars today. 1000 Euro = 1120 USD

 

There was a currency transaction involved in my transaction with PayPal. The Hong Kong company preferred to be paid in Euros. 

Edited by dmgriff, 14 May 2025 - 10:27 AM.