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| Joined: | Thu Jul 9th, 2009 |
| Location: | London, United Kingdom |
| Posts: | 13 |
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please explain exactly how it works then?....or just look at it from this view...1 USD = 1.65 GBP and then tell me how you see it in corralation to buying a watch that cost $350. USD and you are in the UK;)OK, so assuming I get a good deal on the currency, I'll pay about £215 for the same watch.
Here's the deal:
I'll have done the same amount of work to earn that £215 as someone doing my equivalent job in the USA would to earn $350.
If both of us didn't buy that $350 watch, we'd probably end up being able to do roughly the same things with the money. My £215 will buy, say, 30 cinema tickets. Your $350 will probably also buy 30 cinema tickets.
The number is just a number. It has no quantifiable value until you attach the currency that is involved. Someone with 1,000,000,000 Zimbabwe Dollars is not living the lifestyle that a billionaire would lead in the USA. They're probably lucky to be able to eat on any given day.