THe Luxury hedge index is a useful and essential tour for travelling- keep us in your pocket while you shop! Scroll down to learn how to use the luxury hedge index.
USER GUIDE
1. HOME COUNTRY
First select the country you live in. This is an important step as all results are relative to your home. It is important that you have selected the country you live in as your home, and not the country you are travelling to. For example, if you live in Australia (work in Australia, earn Australian dollars etc) you would select Australia as your home country. Then select the brand you are interested in buying.
2. COUNTRY of PURCHASE
After you have selected your home country and brand you will be taken to the results page. Filter the table by selecting the country (or countries) you are travelling to or interested in comparing. These are the countries you want to compare relative prices of. For example, if you were soon travelling to Singapore and the USA from Australia, you might select Australia, Singapore and the US state you are travelling to (we'll say New York for this example). These can be selected using the drop down menu.
3. Tax or no tax?
If you're travelling, you may be able to claim back the tax. After you select your countries of purchase you then have the option to select without tax. Not sure if you will claim back the tax? Select both options in your country of purchase (with and without tax). Some countries have a tiered tax refund system and the amount of tax back depends on the price of the item purchased. For example, if Austria was a potential country of purchase, you will see options for "Austria tax free- purchases up to 1499 EUR", and "Austria tax free- purchases from 1500 to 4999 EUR" etc.
4. Compare your Potential countries of purchase
Review your results by using our luxury hedge index that is tailored to you. Real time data is generated and results are provided and take into account product prices, taxes and real time exchange rates.
Your home country is set to 0%. Any countries of purchase that are less than 0% means that the item will be cheaper to purchase there. For example, an index of -15% (▼ -15%) means that the price in your country of purchase is, on average, 15% cheaper than in your home country (a saving of 15%)! Conversely, if the index amount for your country is 0%, and the index amount in your country of interest is 15% (▲ +15% ) , this means that the price in your country of interest is, on average, 15% more expensive than your home country. The index is based on averages of popular products. It will not give you a guaranteed exact amount of savings or loss, but rather an overview of where to shop to save.
Results are also displayed showing the price difference (percentage increase or decrease) compared to your home country of six popular products. Remember to click the + sign on mobile devices to see the product results. Note: results are not exact, and all website use, and use of the Luxury Hedge index, is subject to the website terms and conditions.
Important note: Where we do not have data for your home country, or where the brand is not sold in your home country, we do not provide the luxury hedge index as we cannot compare to your home country. Instead of an index, there will be a notification stating that results are provided compared to France. As we cannot provide an index, we provide only the product results, and these percentages are compared to France. For example, -15% would mean it is 15% cheaper than France. You can still use this as a comparison for when you are travelling to other countries. For example, country A may show it is +10% compared to France. Country B may show it is -2% compared to France. Results are still tailored to your country's currency and takes into account exchange rates. Therefore it is cheaper for you to buy in Country B.
Table is generating real time data and may take a few seconds to load.