We’ll probably see more of this happen here when the dollar becomes worth less than packing material!
Dollar index reached 80.08 overnight. My flutes are cheaper for everone in Europe. On the other hand, European flutes are more expensive for those of us in the States.
Lucky kid! The Canadian dollar closed yesterday at 96 cents U.S., making your flutes Casey, easier for us in Canada to buy. A long way when I bought my first flute from you when the our dollar was about 72 cents U.S.
Though if the dollar tanks a bunch (and why wouldn’t it? What is backing it? Michael Chertoff’s stomach gas?) I might start having to price my flutes in Euros, like Iran and other countries are doing with oil.
I just sent some money off to Spain for some bagpipe chanters. The exchange rate with Euros was about 20% more than last time I did this a while back.
Since our arrival in the US on 30th June, the dollar has been slowly but steadily weakening against the pound, so our hard earned Sterling has gone a long way in the land of the not quite free but certainly very cheap.
Sadly we have to return to the UK this Sunday, back to the home of expensive clothing, food, accommodation, car rental and high gas prices.
And it’s a coin, not a bill. Lasts a lot longer (and costs less to issue when reprinting costs are factored in) than paper for the low-value denominations.
If my memory’s not misleading me, I believe that paper money in Britain starts with the 5 pound note - approximately equal to the US 10 dollar bill.
I rather wish we’d follow suit - at the very least, get rid of the 1 dollar bill and make the 5 dollar bill the lowest paper denomination.
Don’t forget the US $2 bill. I can’t think of how many times and how many stories I’ve heard of Americans, even American banks, who don’t know there is an American $2 bill.