Uuhh, what?! I think I missed something. I've been dealing with exchange rates for years now and never realized they were seen as a "good" that suffered from supply and demand. I thought it was just the tantamount (vocab word ha) of money but in another country's system, nothing more. It blows my mind how a country's money can be bought! Of course, I'm going to talk about the peso story. In Mexico everything is cheaper, no matter what it is. Of course imports are more expensive but the equal out to being less expensive than they would be here in the state, let alone England. It would be more profitable to sell dollars to get pesos because the pesos less valuable than the dollars. They go up in increments of 10 so 10 pesos should be one dollar but the exchange rate is off and recently the exchange rate has been hanging around 13 pesos to the dollar. People would think that things would be more expensive there but I can buy a liter of ice cream for the equivalent of about $1.20 or so. But goods like a huge plasma TV would cost around 3-5 thousand pesos, or 2-4 hundred dollars. That's not counting quality.
All this international stuff kind of confuses me. I understand how goods can vary drastically in cost from country to country, but their currency being an asset and form of trade is interesting.
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