Quote:
Originally Posted by Falstaff
My colleagues in the UK refer to American dollars as Monopoly money.
If I wanted to send Zardon 1000 pounds to fund DH I would have to send aboutr 2030 dollars.
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What does that make the Japanese Yen...?
@ 104 yen to the dollar, you're talking about 211k Yen.
Good friend of mine in Tokyo just dropped 4.5 million on a new Bimmer...
Ironically, the Japanese Standard of Living.... Is still higher than both the US and the UK (and If I'm not mistaken, may be the highest in the world.)
The other thing I was citing - The value of any given currency, is relative to what it buys you. You, and I, see what our dollar, or pound purchases. The intangible numbers on TV or in varying publications are just that. - Numbers, with subjective value.
Example.
I can buy a BMW 335i in the US for $39k base. (
BMW North America )
I can buy a BMW 335i in the UK for £36k base. (
BMW UK : Homepage )
Apply your "funny money" idea to that, and ask yourself what you get for what you spend.
Draw your own conclusions from that. I'd like to hear them.
Poor dollar values favor US companies in foreign sales by virtue of the exchange rate.
It kills other companies. As an example... go look at what's happened to the Nikkei in the last two years. - Mostly arising from lost profits on exchange rates (Toyota took a HUGE hit as a result.)
Edit:
Want to see something fun? Look at the federal interest rates and currency exchange rates from 1992-2000.