Hi everyone,
So I received the invoice by today, and there are 2 things that bring up my concern.
1) The shipping fees is more expensive than I thought, and more expensive than my another GB, Dolch Reborn, which is €100 more.I have send an email to GMK asking for clarification, and will discuss with them to find a way to reduce the shipping cost.
2. The currency conversion between HKD and Euro hike since April.JAN 2017; 1 EURO = 8.25 HKD
MAY 2017; 1 EURO = 8.51 HKD
(This is the Google rate, actual bank rate will be higher than this.)
This is what worried me most. Before I set the final price for this GB, I actually look at the past 6 months rate as reference and set that rate for this GB at 8.40. The GB met with a few obstacles, the keyset went through a few revision to make sure that everything is in perfect order, and then the GMK person in charge went for a 2 weeks holiday during the invoice stage, which further delay the GB to May.
This GB is now around
HKD 10,000 short from the currency exchange, and this includes the mistake I made during the invoicing stage
You might be wondering, since I have set a higher rate, there should be enough money to get this GB moving forward.
Before the rate changes, the price was just able to cover for the Cost+Shipping+Utilities Fees (Bank charges for wire transfer, transportation fees for my friend to go HK and pickup the sets .
Seeing how the price for this GB is going to increase because of the rate changes, I am going to let the GB participants to decide if they wanna pull out or stay with the GB.
The new rate will be set at 8.70, I will send the new invoice out by tomorrow to collect the difference, together with a link to this update.
I hope you all understand the rationale of this, I will see if we still can get this GB going on at the end of the week when the new invoices go out and getting the feedback we need.
Thank you all for the support so far, and sorry that the GB has come to a state like this.
The rate difference that need to be collected.
Item | | HKD | | USD |
Base | | 33.65 | | 4.37 |
AddOn | | 16.45 | | 2.14 |
Color | | 4.05 | | 0.53 |