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Old 08-10-2016, 11:17 AM
greengiant35
 
24 posts, read 14,577 times
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Quote:
Originally Posted by Hanees247 View Post
When I have seen U.S money converted to British pounds it usually is always a smaller number of kids beds. Now I know there are a lot of things that go into the difference, but what I was curious about is is it necessarily that substantial a difference?

For example, according to google, $50,000 U.S dollars is equal to 38305.37 british pounds. So would it say it's more that even though it may seem significantly less, if you had that same amount in Britain it could still get you about as much as $50,000 could in the U.S in Britain, or more that you simply could not get really that close in equivalency in british pounds?
You should also look at purchasing-power-parity (PPP) to truly distinguish the price of goods using two different exchange rates
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