Apple's Exchange Rate
Hey guys,
So the exchange rate according to Google is 1 US Dollar equals .6602 British Pounds.
An Apple iPod Touch costs $199 in the US and £159 in the UK. Seem reasonable? Not really. You pay more for an iPod in the UK than in the US.
The Real exchange rate=(Nominal exchange rate*domestic price)/Foreign price
In my case this is (.6602*199)/159=.8643. So if you buy an iPod from the apple store in Britain you are essentially over paying by $67 or £44.65.
Apple's making a killing on every iPod sold in the UK...
Jon
|