Main      Site Guide    
Message Forum
fun and games with the exchange rate
Posted By: Howard, on host 209.86.37.167
Date: Sunday, July 15, 2001, at 15:54:07
In Reply To: Re: Question for British Rinky-dinks posted by julian on Saturday, July 14, 2001, at 13:30:00:

> Going to Italy or some such place anytime soon, are you? I hear the Argentine ... whatever currency is dropping towards oblivion.
>
> jul"been a millionaire in polish zloty"ian

Those exchange rates that they publish in the paper can be misleading. If I go to Mexico, where the peso is only a small fraction of a dollar, I wind up paying about the same rate that I would here. A hotel room in Mexico, equal to one that would cost about $100 in the US, will cost a bushel of pesos worth $100 US. If I get out of the tourist areas, and go into a hotel speaking fluent Spanish, I might get better rates.

In Canada, where their dollar is worth only about 75 cents in US money, I get the exchange rate. I think a $90 hotel room in Vancouver two years ago was only $72 when the credit card bill came.

I wonder how it works in Italy? Or Chili, or Argentina, or Brazil? Could I buy a luxury car or a house in Poland for $50?
Howard

Replies To This Message