Thanks to everyone who participated in my recent survey about currency and online shopping. The results are very helpful and have given me a lot to consider.
I’ve just used random.org to draw the winner of the $65 voucher to spend in my handmade jewellery shop and have emailed the winner to let them know. Congratulations to June!
Below is a quick rundown of some of the key results from the survey.
The local currency of survey participants:
- 64.5% – Australian dollars
- 18.4% – US dollars
- 9.2% – Canadian dollars
- 3.9% – British pounds sterling
- 2.6% – New Zealand dollars
The currencies participants are comfortable paying in apart from their local currency:
- 57.9% – US dollars
- 28.9% Any currency
- 23.7% British pounds sterling
- 17.1% Australian dollars
- 17.1% only comfortable paying in own currency
When asked if survey participants would be happy to pay in the local currency of the online shop if they were shown the exchanged value in their own currency first, 64.5% said they would be happy to do this and 5.3% said they would not. The remainder answered a variation on ‘it depends’!
And finally 82.9% of survey participants stated that they would be happy to purchase Handmade Jewellery by Simone Walsh in Australian dollars.
As for where this leaves me, well I do have quite a bit to consider before making changes, particularly in the very helpful comments that participants left in relation to this issue.
I do wish there was a very elegant solution to the currency dilemma, but at this point I’m looking at an imperfect one. However, it may be less imperfect than my current set up of operating two shops: one using Australian dollars and the other using US dollars.
Thanks again to everyone who participated – it is very greatly appreciated.
