Is these values are dollar rupee values are correct.
2007-06-11 03:31:47 · 1 answers · asked by Narayan akul 2 in Business & Finance ➔ Careers & Employment ➔ Other - Careers & Employment
This is the exchange rate. A countries money will fluctuate on the world market. It can get confusing and sometimes misleading as to what a currency can buy.
In the more developed countries the exchange rate may be broad between to countries, but, the price of products will be about the same when a currency is converted.
Example; A computer in one country may sell for $1,200 of their money. In another country the same computer sells for $600. But, if we converted the second country money into the first country, $600 may be $1,200. So, the computer sells for the same.
How I learn this. I will ask someone in a country; "What do you pay for eggs"? Then I can convert my money to see if they actually pay the same, less or more.
It will work with any product. "What do you pay for 'X'? 'X' being the product in question".
2007-06-11 03:49:59 · answer #1 · answered by Snaglefritz 7 · 1⤊ 0⤋