THINGS YOU WONT LEARN IN SCHOOL - Advice on Finance, Investments, Savings and Technology by Marin Anthony
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Foreign Exchange - Think Worldly, Not Local

2/8/2015

 
Canadians taking a vacation south of the 49th parallel are finding out their lone is worth around 80 cents US at the moment.

Such is life in this world of currency exchange - aka FOREX (Foreign Exchange).

The USD is worth about $1.25 CAD these days and that means that the Yanks can buy 25% more goods North of the border. Great news for the hawks that are looking for deals.

How much is my currency worth relative to another?

How do I know what the purchasing power of my local currency is?

A funny unit of measure is the Big Mac Index… Here's the equivalent price of a Big Mac in Us Dollars around the world.


Picture
Courtesy of: http://www.stockhouse.com/opinion/independent-reports/2015/02/02/frank-holmes-currency-wars-heat-up-as-central-banks-race-to-cut-rates
dirty debtor
2/21/2015 11:23:54 pm

Foreign correspondent Dirty debtor reporting live from ho chi minh city, aka Saigon.

Extensive investigation throughout Cambodia showed no signs of McDonald's, current research indicates they have yet to set up an office there. However, KFC appeared to be thriving, though the Colonel would certainty be turning over in his grave if he could see what they were trying to pass for popcorn chicken.

Here in Vietnam, McDonald's opened its first location last year. Word on the street is they may be shutting down soon, they can't sell enough big macs at $2.85 a piece to keep the ship from sinking.

Lunar new year is underway, the biggest annual celebration in Asia. Campfires are set up in front of peoples homes where they burn money, apparently to send it to the spirits of their ancestors...

When I'm gone maybe someone will burn some for me, I'm sure I'll be running dirty debts in hell the same way I'm running them on earth!!!

DD




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