Where was Call of Duty®: Infinite Warfare in a Bundle

Everything is based upon the USD price.

It's always "about 95%" * , and local currency reduction is enough, even if it doesn't hit as high a discount when converted to USD.

* (Which essentially can mean anything between 92 and 95% off, depending on whether the bundler feels an exploitation is occurring; While this subjective, individually determined implementation has had instances where end results have seemed counter-intuitive [resulting in at least one reversal of bundling status when a deal was determined not to have been exploited as heavily as expected], the ambiguity of it does help limit people purchasing right at the threshold solely to exploit a precise cutoff. Notably, if it's over 94%, the safe approach is to always assume that it'll be rounded up.)

In sum, it's two different premises for bundling:

1. The item has reached the bundle threshold of "about 95% off", regardless of currency used, and (regardless of the source of the offer) offers a quantity for sale to the degree where exploitation is a concern.
2. The item can be exploited through regional currency pricing, and reaches the bundle threshold of "about 95% off" when converted to USD.

Obviously the Euro, being higher value than USD, ignores the second, but it's still subject to standard bundling considerations.

What? I don't understand.