foreign currency calculator
2009
As for the currency conversion …?
I know I need a currency conversion calculator, there are plenty of those out there, two Most popular are http://www.xe.com and http://www.x-rates.com My question is … How do you know what X amount of foreign currency that you buy without going to the country? For example, 50 USD (USD) becomes approximately 388 HKD (Hong Kong Dollars). But how do I know what I buy is 388 HKD in Hong Kong? Prices of goods and services vary around the world. I know what $ 5.00 would buy in the U.S. certainly not the same as what $ 5.00 (15,400 SLL) would buy in Sierra Leone. So again, how find out what they would buy without having to go there?
Try the calculator Big Mac: http://www.econ.puc-rio.br/Mgarcia/Macro 20II/Big_Mac_Index.PDF%
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