davidc502 wrote in post #14124993
I've wondered the same about England. With the 1 Pound Sterling worth 50% more than the dollar, but yet buying the 5dmk3 in England will cost 50% more for the English. I've often wondered how many were willing to change the currency of pounds into dollars US, and have an American order thier camera.
BTW -- looking at the exchange rates it appears the Canadian dollar is trading for almost exactly 1 dollar US.
Hi. Don't know where in the world you are but I have to correct a couple of things here, even though I'm not an apologist for Canon.
Firstly, England is only one country within the United Kingdom - Google it for the others if you need to. All UK countries currently come under the same pricing, tax and duty policies and we pay 20% VAT (value added tax) on most items. The current price here for the 5D3 is £2,500 plus VAT = £3,000. Current B&H price is $3214.70 plus NYC sales tax. At today's exchange rate, the difference in price before sales tax/VAT is therefore 23%, not 50%. Enough of a difference, but less than half what you say. The US market is of course much larger than the UK's and as a result, both Canon and UK retailers have less competition, so can demand more for a new item such as this. Prices will soften very quickly...
Secondly, how is "1 Pound Sterling worth 50% more than the dollar"? It's just an exchange rate issue and it would seem that the dollar is actually worth - in spending power - 23% more than the pound in this case.