Exchange rate rip off

I recently purchased an App for Aus$8.99 through iTunes then I saw on the web site that the real price was US$6.99. Today's exchange rate is Aus$1 = US&1.02. I complained to the App owner and they replied that the price charged by the App Store is decided by Apple.
Since December 2009 the exchange rate between the Australian and US dollars has been roughly 1:1 Apple is making a windfall profit of around 20% on Australian App sales. If this is repeated across all App Store sales it means that Australian app purchasers have been ripped off by hundreds of thousands of dollars over the past six months.
What happens to these windfall profits? And what comeback do we have other than a costly class action?
Maybe someone from iTunes is monitoring this forum.
Ian

Since December 2009 the exchange rate between the Australian and US dollars has been roughly 1:1 Apple is making a windfall profit of around 20% on Australian App sales. If this is repeated across all App Store sales it means that Australian app purchasers have been ripped off by hundreds of thousands of dollars over the past six months.
Others have commented here on similar pricing discrepancies between Australia and US. My question is, why are you surprised? Prices have always been different for identical things in different areas of the world. There's no reason why the prices should be the same. Often there are tax and import regulations that make prices different on top of differential pricing based on what the market will bear. For example, [http://discussions.info.apple.com/thread.jspa?messageID=12432275]
What happens to these windfall profits?
Maybe somebody has a nice yacht? So somebody slaps on a $8.99 price. They could probably ask whatever they want (and would) except at some point people would just say it was too expensive. Hey, welcome to capitalism.
And what comeback do we have other than a costly class action?
Don't buy the app. I don't see that any legal action would have any basis. So, I buy a can of Fosters in France, and I buy a can in England. They have a different price. Unless one expects purely idealistic pricing by nice companies who only charge the difference in getting the can from Australia to France and England there will always be a difference. For that matter, there's a price difference in the two liquor stores near me.
Maybe someone from iTunes is monitoring this forum.
No. Except in very rare cases the only response you'll get here is from other Mac users like you. To provide feedback to Apple use the contacts link at the bottom of the page, but I think it extremely unlikely they will write back.

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Hi Can anyone explain why it costs $AUD16.99 an album or $AUD1.69 per song to buy music through the Itunes store in Australia when it costs $US9.99 to buy the same album ( or $US0.99) per song if you buy in the US. The current exchange rate is at around 95c in the $ so the price should be no more than about a $1.10 so Apple or somebody is making on average about 33% extra for every song sold in Australia. This is discriminatory and patently unfair. It doesn't cost Apple any more to service Australian clients than American and this price difference is unjustifiable on the evidence before me.

Which is precisely what I am doing. i will find a way to purchase direct from the US or UK. But I would still be keen to see some justification for the rip off apart from the "cause we can" mentality. Still doesn't make it right for Apple or the record companies if it is them that are setting the prices. Typical isn't it . The whole music industry's (ie the labels) approach to digital music right from the start - firstly fight it tooth and nail until such time as it is obvious you can't win so then change the rules and try and control it even more than ever before (DRM and sundry associated issues ) and again when even that is shown as a complete waste of time and effort introduce a pricing model that favours particular markets. And people wonder why people share music ?
And even the fact that your statement regarding different negotiated market access for different markets is a joke in itself. Why is a US consumer any more entitled to a cheaper price for music than someone in Brazil, Australia, Asia etc. Sure their market is bigger but with online music it is a global market with no respect to borders. So that argument would also be fallacious. Lets face it they do it cause they are getting away with it and they don't really give a toss about the consumer.
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Solved!
Go to Solution.

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Budget can not be made zero in CO area currency due to diff exchange rate

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a Company gets a g.l. bank account in USD (account currency). The local currency is EUR.
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The differemce is due to exchange rate difference post the difference in a new g/l name it exchange rate diff. revenue account for more read below:
Exchange Rate Rounding Differences
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I am a ridiculously loyal Blackberry user. For a short while (two weeks) I defected to the iPhone, but quickly realized it was mistake and came straight back.
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You mentioned that "in OB22, we have local currency1 and local currency 2 setup with exchange rate type M". Then, I'm wondering how MNB is picked up for the first local curr. conversion to HUF? It should be 'M' instead. There must be some settings in your instance for such behavior. Can you check that?
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Dear All,
I have found the solution with the help of ABAPer. The system has a bug for which SAP has given a Sap Note no 22781.
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