how much is a euro worth in u.s. dollars?
May 28th 2003, 5:51 am
#46
Guest
Posts: n/a
Re: how much is a euro worth in u.s. dollars?
On Wed, 28 May 2003 11:05:28 GMT, ellie
wrote:
>Tim wrote:
>> On Mon, 26 May 2003 11:41:30 GMT, J Quick wrote:
>>
>>> "j" wrote in message
>>> news:[email protected]...
>>>> how much is a euro worth in u.s. dollars?
>>> http://www.oanda.com
>>> Measured in Big Macs, they're about the same burgernomics.
>>> http://www.economist.com/markets/big...ory_id=1098872
>>
>>
>> Do I misunderstand that table? If the first column is local price, eg
>> Eur2.67, the second is that price in US$, their value is US$2.37 which
>> implies that the exchange rate is around us$1 = Eur1.13 which seems
>> wrong to me.
>> What am I not getting ?
>WHat you're not getting is that the article is about a year out of date.
The article in the recent issue clearly states the exchange rate
of $1.10 was as of 22 April; the last time the rate was $1.13 was
on 5 May. Neither date is anywhere near a year out of date. it's
hard to take seriously the comments of someone who posts such
nonsense.
For what it's worth the Big Mac index maintained at
http://www.oanda.com gives a current exchange rate of $1.181.
************* DAVE HATUNEN ([email protected]) *************
* Tucson Arizona, out where the cacti grow *
* My typos & mispellings are intentional copyright traps *
wrote:
>Tim wrote:
>> On Mon, 26 May 2003 11:41:30 GMT, J Quick wrote:
>>
>>> "j" wrote in message
>>> news:[email protected]...
>>>> how much is a euro worth in u.s. dollars?
>>> http://www.oanda.com
>>> Measured in Big Macs, they're about the same burgernomics.
>>> http://www.economist.com/markets/big...ory_id=1098872
>>
>>
>> Do I misunderstand that table? If the first column is local price, eg
>> Eur2.67, the second is that price in US$, their value is US$2.37 which
>> implies that the exchange rate is around us$1 = Eur1.13 which seems
>> wrong to me.
>> What am I not getting ?
>WHat you're not getting is that the article is about a year out of date.
The article in the recent issue clearly states the exchange rate
of $1.10 was as of 22 April; the last time the rate was $1.13 was
on 5 May. Neither date is anywhere near a year out of date. it's
hard to take seriously the comments of someone who posts such
nonsense.
For what it's worth the Big Mac index maintained at
http://www.oanda.com gives a current exchange rate of $1.181.
************* DAVE HATUNEN ([email protected]) *************
* Tucson Arizona, out where the cacti grow *
* My typos & mispellings are intentional copyright traps *
May 28th 2003, 7:29 am
#47
Guest
Posts: n/a
Re: how much is a euro worth in u.s. dollars?
"Osmo Ronkanen" schreef in bericht
news:[email protected]...
> Tim wrote in message
news:...
> > On Mon, 26 May 2003 11:41:30 GMT, J Quick wrote:
> ...
> >
> > > Measured in Big Macs, they're about the same burgernomics.
> > >
> > >
http://www.economist.com/markets/big...ory_id=1098872
> >
> > Do I misunderstand that table? If the first column is local price, eg
> > Eur2.67, the second is that price in US$, their value is US$2.37 which
> > implies that the exchange rate is around us$1 = Eur1.13 which seems
wrong
> > to me.
> > What am I not getting ?
> The date of the article.
> Garbage in garabage out. Note the prices, they are obviously the
> listed prices so the U.S. price excludes the tax while the European ones
> include it. Any rag that makes so trivial mistakes is not worth reading.
> Remove the tax and you can get more accurate results. In Finland for
example
> the VAT is 22% (eat-in) or 17% (take-out). A Big Mac costs 3 euro here so
> the tax free price is 2.45 (eat-in) or 2.56 (take-out).
Does a eat-in BigMac come in a different colour or how they check that you
are not eating your take-away BigMac in the restaurant? (any other country
where there is a price differential between take-away and eat-in McDonalds
"food"?
Sjoerd
news:[email protected]...
> Tim wrote in message
news:...
> > On Mon, 26 May 2003 11:41:30 GMT, J Quick wrote:
> ...
> >
> > > Measured in Big Macs, they're about the same burgernomics.
> > >
> > >
http://www.economist.com/markets/big...ory_id=1098872
> >
> > Do I misunderstand that table? If the first column is local price, eg
> > Eur2.67, the second is that price in US$, their value is US$2.37 which
> > implies that the exchange rate is around us$1 = Eur1.13 which seems
wrong
> > to me.
> > What am I not getting ?
> The date of the article.
> Garbage in garabage out. Note the prices, they are obviously the
> listed prices so the U.S. price excludes the tax while the European ones
> include it. Any rag that makes so trivial mistakes is not worth reading.
> Remove the tax and you can get more accurate results. In Finland for
example
> the VAT is 22% (eat-in) or 17% (take-out). A Big Mac costs 3 euro here so
> the tax free price is 2.45 (eat-in) or 2.56 (take-out).
Does a eat-in BigMac come in a different colour or how they check that you
are not eating your take-away BigMac in the restaurant? (any other country
where there is a price differential between take-away and eat-in McDonalds
"food"?
Sjoerd
May 28th 2003, 2:57 pm
#48
Guest
Posts: n/a
Re: how much is a euro worth in u.s. dollars?
"Sjoerd" wrote in message news:...
> "Osmo Ronkanen" schreef in bericht
> news:[email protected]...
> > Tim wrote in message
> news:...
> > > On Mon, 26 May 2003 11:41:30 GMT, J Quick wrote:
> ...
> > >
> > > > Measured in Big Macs, they're about the same burgernomics.
> > > >
> > > >
> http://www.economist.com/markets/big...ory_id=1098872
> > >
> > > Do I misunderstand that table? If the first column is local price, eg
> > > Eur2.67, the second is that price in US$, their value is US$2.37 which
> > > implies that the exchange rate is around us$1 = Eur1.13 which seems
> wrong
> > > to me.
> > > What am I not getting ?
> >
> > The date of the article.
> >
> > Garbage in garabage out. Note the prices, they are obviously the
> > listed prices so the U.S. price excludes the tax while the European ones
> > include it. Any rag that makes so trivial mistakes is not worth reading.
> > Remove the tax and you can get more accurate results. In Finland for
> example
> > the VAT is 22% (eat-in) or 17% (take-out). A Big Mac costs 3 euro here so
> > the tax free price is 2.45 (eat-in) or 2.56 (take-out).
>
> Does a eat-in BigMac come in a different colour or how they check that you
> are not eating your take-away BigMac in the restaurant? (any other country
> where there is a price differential between take-away and eat-in McDonalds
> "food"?
>
> Sjoerd
There used to be a difference here in Caifornia. Several years back I
guess the Government decided that they were "taxing" the minds of the
people who worked in these places by making them remember to collect
the tax so they taxed it all.
Why do you put quotes around food? McDonalds serves up very tasty
food, IMHO, and remember they didn't force themselves on foreign
countries.
Of couse I wish I was chomping on a Croquetten from Kwerkaboom right
now. Or a heering dipped in chopped onion. Or a broodjes. Or an
ollie bollen (sp?). Or a Tom Pousse. Yum.
Gary Nichols
> "Osmo Ronkanen" schreef in bericht
> news:[email protected]...
> > Tim wrote in message
> news:...
> > > On Mon, 26 May 2003 11:41:30 GMT, J Quick wrote:
> ...
> > >
> > > > Measured in Big Macs, they're about the same burgernomics.
> > > >
> > > >
> http://www.economist.com/markets/big...ory_id=1098872
> > >
> > > Do I misunderstand that table? If the first column is local price, eg
> > > Eur2.67, the second is that price in US$, their value is US$2.37 which
> > > implies that the exchange rate is around us$1 = Eur1.13 which seems
> wrong
> > > to me.
> > > What am I not getting ?
> >
> > The date of the article.
> >
> > Garbage in garabage out. Note the prices, they are obviously the
> > listed prices so the U.S. price excludes the tax while the European ones
> > include it. Any rag that makes so trivial mistakes is not worth reading.
> > Remove the tax and you can get more accurate results. In Finland for
> example
> > the VAT is 22% (eat-in) or 17% (take-out). A Big Mac costs 3 euro here so
> > the tax free price is 2.45 (eat-in) or 2.56 (take-out).
>
> Does a eat-in BigMac come in a different colour or how they check that you
> are not eating your take-away BigMac in the restaurant? (any other country
> where there is a price differential between take-away and eat-in McDonalds
> "food"?
>
> Sjoerd
There used to be a difference here in Caifornia. Several years back I
guess the Government decided that they were "taxing" the minds of the
people who worked in these places by making them remember to collect
the tax so they taxed it all.
Why do you put quotes around food? McDonalds serves up very tasty
food, IMHO, and remember they didn't force themselves on foreign
countries.
Of couse I wish I was chomping on a Croquetten from Kwerkaboom right
now. Or a heering dipped in chopped onion. Or a broodjes. Or an
ollie bollen (sp?). Or a Tom Pousse. Yum.
Gary Nichols
May 28th 2003, 7:47 pm
#49
Guest
Posts: n/a
Re: how much is a euro worth in u.s. dollars?
In article , gatsby
writes
> McDonalds serves up very tasty
>food, IMHO, and remember they didn't force themselves on foreign
>countries.
You think so?
--
Marie Lewis
writes
> McDonalds serves up very tasty
>food, IMHO, and remember they didn't force themselves on foreign
>countries.
You think so?
--
Marie Lewis
May 28th 2003, 11:18 pm
#50
Guest
Posts: n/a
Re: how much is a euro worth in u.s. dollars?
Hatunen wrote:
> On 28 May 2003 00:53:22 -0700, [email protected] (Osmo Ronkanen)
> wrote:
>
>
>
>>Garbage in garabage out. Note the prices, they are obviously the
>>listed prices so the U.S. price excludes the tax while the European ones
>>include it. Any rag that makes so trivial mistakes is not worth reading.
>
>
> The Economist text addresses the question of price differences
> due to taxes, tariffs, profit margins and such things as rents.
> thus it is unfair to call it a trivial mistake. You may disagree
> with The Economist's decision as to whether to try to include
> these things, but you cannot call it a "trivial mistake":
> "significant misassumption", perhaps.
>
>
> ************* DAVE HATUNEN ([email protected]) *************
> * Tucson Arizona, out where the cacti grow *
> * My typos & mispellings are intentional copyright traps *
Is the VAT the same everywhere in Europe? In the US the tax on food
varies widely from state to state. In some states food eaten in
restaurants carries sales tax, but not food eaten as yake away, and vice
versa.
> On 28 May 2003 00:53:22 -0700, [email protected] (Osmo Ronkanen)
> wrote:
>
>
>
>>Garbage in garabage out. Note the prices, they are obviously the
>>listed prices so the U.S. price excludes the tax while the European ones
>>include it. Any rag that makes so trivial mistakes is not worth reading.
>
>
> The Economist text addresses the question of price differences
> due to taxes, tariffs, profit margins and such things as rents.
> thus it is unfair to call it a trivial mistake. You may disagree
> with The Economist's decision as to whether to try to include
> these things, but you cannot call it a "trivial mistake":
> "significant misassumption", perhaps.
>
>
> ************* DAVE HATUNEN ([email protected]) *************
> * Tucson Arizona, out where the cacti grow *
> * My typos & mispellings are intentional copyright traps *
Is the VAT the same everywhere in Europe? In the US the tax on food
varies widely from state to state. In some states food eaten in
restaurants carries sales tax, but not food eaten as yake away, and vice
versa.
May 29th 2003, 12:29 am
#51
Guest
Posts: n/a
Re: how much is a euro worth in u.s. dollars?
"ellie" escribió en el mensaje
news:[email protected]...
> Is the VAT the same everywhere in Europe?
No, it varies from country to country.
IIRC, what is standard is that every country can have up to three different
rates, the normal one (for almost every product), the reduced one (for basic
alimentation products like milk, for instance) and the super-reduced one
(for books, prescripted drugs,...), but the actual figures can differ from
country to country. In Spain, the rates are 16%, 7%, and 4% respectively.
news:[email protected]...
> Is the VAT the same everywhere in Europe?
No, it varies from country to country.
IIRC, what is standard is that every country can have up to three different
rates, the normal one (for almost every product), the reduced one (for basic
alimentation products like milk, for instance) and the super-reduced one
(for books, prescripted drugs,...), but the actual figures can differ from
country to country. In Spain, the rates are 16%, 7%, and 4% respectively.
May 29th 2003, 2:04 am
#52
Guest
Posts: n/a
Re: how much is a euro worth in u.s. dollars?
"José M. Malo" wrote in message
news:[email protected]...
> "ellie" escribió en el mensaje
> news:[email protected]...
> > Is the VAT the same everywhere in Europe?
> No, it varies from country to country.
> IIRC, what is standard is that every country can have up to three
different
> rates, the normal one (for almost every product), the reduced one (for
basic
> alimentation products like milk, for instance) and the super-reduced one
> (for books, prescripted drugs,...), but the actual figures can differ from
> country to country. In Spain, the rates are 16%, 7%, and 4% respectively.
For UK supplies there are three rates of VAT:
a.. standard - currently 17.5%
b.. reduced - currently, 5% (domestic fuel and power)
c.. zero – 0%
Adrian.
news:[email protected]...
> "ellie" escribió en el mensaje
> news:[email protected]...
> > Is the VAT the same everywhere in Europe?
> No, it varies from country to country.
> IIRC, what is standard is that every country can have up to three
different
> rates, the normal one (for almost every product), the reduced one (for
basic
> alimentation products like milk, for instance) and the super-reduced one
> (for books, prescripted drugs,...), but the actual figures can differ from
> country to country. In Spain, the rates are 16%, 7%, and 4% respectively.
For UK supplies there are three rates of VAT:
a.. standard - currently 17.5%
b.. reduced - currently, 5% (domestic fuel and power)
c.. zero – 0%
Adrian.
May 29th 2003, 4:17 am
#53
Guest
Posts: n/a
Re: how much is a euro worth in u.s. dollars?
In article , ellie
writes
>Is the VAT the same everywhere in Europe?
No: it varies from country to country and according to the goods or
services sold.
--
Marie Lewis
writes
>Is the VAT the same everywhere in Europe?
No: it varies from country to country and according to the goods or
services sold.
--
Marie Lewis
May 29th 2003, 4:19 am
#54
Guest
Posts: n/a
Re: how much is a euro worth in u.s. dollars?
In article , José M. Malo
writes
>IIRC, what is standard is that every country can have up to three different
>rates, the normal one (for almost every product), the reduced one (for basic
>alimentation products like milk, for instance) and the super-reduced one
>(for books, prescripted drugs,...), but the actual figures can differ from
>country to country. In Spain, the rates are 16%, 7%, and 4% respectively.
IN the UK the rate is 17 and a half % but there is no VAT on books and
newspapers, food and children's clothes.
Drugs are supplied by the NHS and you either pay a set sum, or for many
people they are completely free of charge.
--
Marie Lewis
writes
>IIRC, what is standard is that every country can have up to three different
>rates, the normal one (for almost every product), the reduced one (for basic
>alimentation products like milk, for instance) and the super-reduced one
>(for books, prescripted drugs,...), but the actual figures can differ from
>country to country. In Spain, the rates are 16%, 7%, and 4% respectively.
IN the UK the rate is 17 and a half % but there is no VAT on books and
newspapers, food and children's clothes.
Drugs are supplied by the NHS and you either pay a set sum, or for many
people they are completely free of charge.
--
Marie Lewis
May 29th 2003, 6:32 am
#55
Guest
Posts: n/a
Re: how much is a euro worth in u.s. dollars?
On Thu, 29 May 2003 11:18:19 GMT, ellie
wrote:
>Is the VAT the same everywhere in Europe? In the US the tax on food
>varies widely from state to state. In some states food eaten in
>restaurants carries sales tax, but not food eaten as yake away, and vice
>versa.
And a few American states have no sales tax at all.
************* DAVE HATUNEN ([email protected]) *************
* Tucson Arizona, out where the cacti grow *
* My typos & mispellings are intentional copyright traps *
wrote:
>Is the VAT the same everywhere in Europe? In the US the tax on food
>varies widely from state to state. In some states food eaten in
>restaurants carries sales tax, but not food eaten as yake away, and vice
>versa.
And a few American states have no sales tax at all.
************* DAVE HATUNEN ([email protected]) *************
* Tucson Arizona, out where the cacti grow *
* My typos & mispellings are intentional copyright traps *
May 29th 2003, 6:33 am
#56
Guest
Posts: n/a
Re: how much is a euro worth in u.s. dollars?
On Thu, 29 May 2003 08:47:33 +0100, Marie Lewis
wrote:
>In article , gatsby
> writes
>> McDonalds serves up very tasty
>>food, IMHO, and remember they didn't force themselves on foreign
>>countries.
>You think so?
I, for one, have never seen any McDonalds employees brandishing
an AK-47 and forcing the Sedes, Danes, Finns, et al, that I have
seen eating in McD to be there.
I am curious, though: How many McDs in Europe are owned by
McDonalds, and how many are owned by local franchisees?
************* DAVE HATUNEN ([email protected]) *************
* Tucson Arizona, out where the cacti grow *
* My typos & mispellings are intentional copyright traps *
wrote:
>In article , gatsby
> writes
>> McDonalds serves up very tasty
>>food, IMHO, and remember they didn't force themselves on foreign
>>countries.
>You think so?
I, for one, have never seen any McDonalds employees brandishing
an AK-47 and forcing the Sedes, Danes, Finns, et al, that I have
seen eating in McD to be there.
I am curious, though: How many McDs in Europe are owned by
McDonalds, and how many are owned by local franchisees?
************* DAVE HATUNEN ([email protected]) *************
* Tucson Arizona, out where the cacti grow *
* My typos & mispellings are intentional copyright traps *
May 29th 2003, 8:31 pm
#57
Guest
Posts: n/a
Re: how much is a euro worth in u.s. dollars?
> For UK supplies there are three rates of VAT:
> a.. standard - currently 17.5%
> b.. reduced - currently, 5% (domestic fuel and power)
> c.. zero - 0%
> Adrian.
I thought there were 5 rates in the UK:
- Higher - currently 17.5
- Standard - currently 17.5
- Special - the 5% fuel
- Zero - 0
- Exempt - 0
Just being picky :-)
> a.. standard - currently 17.5%
> b.. reduced - currently, 5% (domestic fuel and power)
> c.. zero - 0%
> Adrian.
I thought there were 5 rates in the UK:
- Higher - currently 17.5
- Standard - currently 17.5
- Special - the 5% fuel
- Zero - 0
- Exempt - 0
Just being picky :-)
May 29th 2003, 9:27 pm
#58
Guest
Posts: n/a
Re: how much is a euro worth in u.s. dollars?
"Miss L.Toe" wrote in message
news:[email protected]...
> > For UK supplies there are three rates of VAT:
> >
> > a.. standard - currently 17.5%
> > b.. reduced - currently, 5% (domestic fuel and power)
> > c.. zero - 0%
> > Adrian.
> >
> I thought there were 5 rates in the UK:
> - Higher - currently 17.5
> - Standard - currently 17.5
> - Special - the 5% fuel
> - Zero - 0
> - Exempt - 0
> Just being picky :-)
There are 3 rates of VAT
http://www.hmce.gov.uk/forms/notices...htm#P244_18010
Pick all you want :-)
Adrian.
news:[email protected]...
> > For UK supplies there are three rates of VAT:
> >
> > a.. standard - currently 17.5%
> > b.. reduced - currently, 5% (domestic fuel and power)
> > c.. zero - 0%
> > Adrian.
> >
> I thought there were 5 rates in the UK:
> - Higher - currently 17.5
> - Standard - currently 17.5
> - Special - the 5% fuel
> - Zero - 0
> - Exempt - 0
> Just being picky :-)
There are 3 rates of VAT
http://www.hmce.gov.uk/forms/notices...htm#P244_18010
Pick all you want :-)
Adrian.
May 30th 2003, 12:10 am
#59
Guest
Posts: n/a
Re: how much is a euro worth in u.s. dollars?
"José M. Malo" skrev i meddelandet
news:[email protected]...
> "ellie" escribió en el mensaje
> news:[email protected]...
> > Is the VAT the same everywhere in Europe?
> No, it varies from country to country.
> IIRC, what is standard is that every country can have up to three
different
> rates,
Those rules with maximum three levels are EU rules.
Countries outside EU are of course allowed to make up what rules they like.
L.P
news:[email protected]...
> "ellie" escribió en el mensaje
> news:[email protected]...
> > Is the VAT the same everywhere in Europe?
> No, it varies from country to country.
> IIRC, what is standard is that every country can have up to three
different
> rates,
Those rules with maximum three levels are EU rules.
Countries outside EU are of course allowed to make up what rules they like.
L.P
Jun 2nd 2003, 4:28 am
#60
Guest
Posts: n/a
Re: how much is a euro worth in u.s. dollars?
Sjoerd wrote:
> "Osmo Ronkanen" schreef:
> > Garbage in garabage out. Note the prices, they are obviously the
> > listed prices so the U.S. price excludes the tax while the European ones
> > include it. Any rag that makes so trivial mistakes is not worth reading.
> > Remove the tax and you can get more accurate results. In Finland for
> > example the VAT is 22% (eat-in) or 17% (take-out). A Big Mac costs 3 euro
> > here so the tax free price is 2.45 (eat-in) or 2.56 (take-out).
> Does a eat-in BigMac come in a different colour or how they check that you
> are not eating your take-away BigMac in the restaurant? (any other country
> where there is a price differential between take-away and eat-in McDonalds
> "food"?
I could be wrong, but based on what Osmo wrote, it appears that there
is not really a "price difference", as the price is EUR 3 whether you
eat in or take out, and it is the "pre-tax price" that is varied, so as
to make the total work out properly.
I believe that in France there is a lower tax for "take-away" food than
for restaurant food, although it is on a per-establishment basis (rather
than per-purchase). And, if memory serves, there is a group of
restauranteurs fighting to equalize the tax; currently, the lower tax
is charged at an establishment classed as "take-away", even if the buyer
does not take the meal away.
On an additionaly note, I was just in London this weekend, and noticed
that a number of cafes had different prices for "take-away" and "eat-in".
--
greg byshenk - [email protected] - Leiden, NL
hate spam?
> "Osmo Ronkanen" schreef:
> > Garbage in garabage out. Note the prices, they are obviously the
> > listed prices so the U.S. price excludes the tax while the European ones
> > include it. Any rag that makes so trivial mistakes is not worth reading.
> > Remove the tax and you can get more accurate results. In Finland for
> > example the VAT is 22% (eat-in) or 17% (take-out). A Big Mac costs 3 euro
> > here so the tax free price is 2.45 (eat-in) or 2.56 (take-out).
> Does a eat-in BigMac come in a different colour or how they check that you
> are not eating your take-away BigMac in the restaurant? (any other country
> where there is a price differential between take-away and eat-in McDonalds
> "food"?
I could be wrong, but based on what Osmo wrote, it appears that there
is not really a "price difference", as the price is EUR 3 whether you
eat in or take out, and it is the "pre-tax price" that is varied, so as
to make the total work out properly.
I believe that in France there is a lower tax for "take-away" food than
for restaurant food, although it is on a per-establishment basis (rather
than per-purchase). And, if memory serves, there is a group of
restauranteurs fighting to equalize the tax; currently, the lower tax
is charged at an establishment classed as "take-away", even if the buyer
does not take the meal away.
On an additionaly note, I was just in London this weekend, and noticed
that a number of cafes had different prices for "take-away" and "eat-in".
--
greg byshenk - [email protected] - Leiden, NL
hate spam?
