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| Joined: | Thu Jul 9th, 2009 |
| Location: | London, United Kingdom |
| Posts: | 13 |
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Martin Lee wrote:100 x 1.65 = 165.oagaspar wrote:....nobody said it would buy you more in the UK ...your theory would be true if the exchange rate were equal 1=1;)...and you are correct it would not buy you 1.65 times more in the U.S only $65. more and that is enough don't you think? :DMartin Lee wrote:That's really not how currency works. That's why exchange rates exist.How does the exchange rate make the prices 50% cheaper?
as of today 1 GBP = 1.65 USD ...so how doesn't your GBP spend farther in the U.S???....Ralf could easily sell the Moray in Europe for either $350. EU or $350.GBP and that would be good business imho...and then everyone would be asking to buy from the U.S distributor! :D
If I take £100 to the US I'll get about $165 in exchange. That doesn't mean that $165 will buy me 1.65x more in the US than that £100 would have bought me in the UK.
165 - 100 = 65.
$65 more is 1.65x more.
And no, it still doesn't work like that.