View single post by Martin Lee
 Posted: Thu Jul 16th, 2009 08:54 am
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Martin Lee

 

Joined: Thu Jul 9th, 2009
Location: London, United Kingdom
Posts: 13
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oagaspar wrote: Martin Lee wrote: oagaspar wrote: I understand what currencies are in black&white but there are many gray areas....like whether or not the economies are equal....if you took 750,000GBP to the U.S and exchanged it you would be a Millionaire in the U.S...would you not?...I asked you if the rate was reversed and you had to pay 575.GBP for a $350.usd watch today would you still buy it?I'd wait a year for my salary and living expenses to come in line and then buy it.  I wouldn't buy it today.

I rest my case :D
What was your case?  The cost has changed because the cost makes up a larger proportion of my disposable income.  At the moment, the cost is the same proportion of my disposable income to someone with the same situation in any other country.  That's how exchange rates work and why they exist in the first place.