Do you check every single thing you buy in the store to see if the exchange rate is the same? Prices would be changing all the time.
Do you check every single thing you buy in the store to see if the exchange rate is the same? Prices would be changing all the time.
They change all the time but not nearly as much as you seem to think. Well, that kind of stability may be coming to an end as soon as this year (and the EURUSD rate already took quite the beating last year), but seriously, the exchange rate hasn't been 1:1 since early 2003 and in 2008 it was as high as 1.6:1.
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