Quizzes & Puzzles15 mins ago
GBP value in other countries?
8 Answers
I'm looking for some information about the value of GBP in other countries. I am NOT looking for a currency converter.
What I mean is for example, 1 GBP is roughly 2 USD but something that costs 1 Pound here often costs 1 Dollar there, therefor 1 GBP is worth twice as much there as it is here.
So basically i'm looking for information about that, I remember using an atlas at scool which had all that information at the back but I don't know where to find anything like it, also something online would be much better.
Thanks in advance.
What I mean is for example, 1 GBP is roughly 2 USD but something that costs 1 Pound here often costs 1 Dollar there, therefor 1 GBP is worth twice as much there as it is here.
So basically i'm looking for information about that, I remember using an atlas at scool which had all that information at the back but I don't know where to find anything like it, also something online would be much better.
Thanks in advance.
Answers
Best Answer
No best answer has yet been selected by james_m246. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Seems when I come to England the numbers are the same, but I paid 2 dollars plus, for a pound. eg, a coffee would be 1.25 say, hamburger in airport, 3.50, but it's costing me twice as much as in Canada. Toiletries seem way more expensive. Seems odd, if an item costs so much to make and has diff values in diff countries. Someone is making some money somewhere. Appliances and furniture seem awfully expensive in England.
Prices differences are driven by many factors. Part of it is marketing hype / profiteering. But part of it is volume driven - if there's a big demand for something the relative price paid goes down - economies of scale, lower transport costs per Unit, call it what you will. Try buying Marmite in Canada and its hugely expensive.
UK Government works out 'average' prices based a a basket of products 'average' people supposedly buy. I'm afraid every average has to be based on some specific examples in the first place to create the 'average'.
UK Government works out 'average' prices based a a basket of products 'average' people supposedly buy. I'm afraid every average has to be based on some specific examples in the first place to create the 'average'.
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