Dave-So opened this issue on Jul 24, 2009 · 29 posts
dasquid posted Mon, 27 July 2009 at 6:11 AM
It seems that some people don't understand exchange rates and how things go when businesses don't update their prices with the change of strength of one currency or another compared to the USd.
eg. If the US dollar is = to .75 of the British pound for a while and prices are based on that, when the US dollar falls in value to .50 of the British pound but the businesses don't change the price of their products in pounds. then the one buying in GBP is getting the shaft.
So Deni67 is NOT deluded and I think i have some stuff i want to sell lisarichie because she sure doesnt understand how exchange rates work.
When I was in the navy I went to Bahrain and i pulled out 10 dinar from the base ATM the exchange rate was 4:1 in their favor so yup you guessed it that 10 dinar bill was 40 bucks US.By lisarichie's logic i should have only had 10 bucks us withdrawn from my account but let me tell you that was not the case. luckily I had several months pay backed up so it was no problem though it was kinda expensive there.