Thursday, November 3, 2011

International Costs

After visiting England, I have noticed something about the cost of goods in many countries. In the United States, a soda might cost $1.25 out of a machine. In Spain it costs about 1.25-1.50 euros. In England it cost 1.25-1.50 pounds. The price in their own currency is about the same.

But the problem is conversions. Because the pound is much stronger than the dollar (almost double in value) that coke costs about $3 instead of the 1.25 or 1.50. I wonder how that conversion works out in some of the other countries with weaker currencies such as Latin America?

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