In 3 months: 3,3% increase in wages, 2,2% inflation and 1,7% fall in the pound compared to the Euro ...
In the end, a 0,7% drop in purchasing power in euros (therefore for all products imported from Europe, including the majority of fruit and vegetables).
Victory Brexit: consequences for Europe?
-
- Moderator
- posts: 79326
- Registration: 10/02/03, 14:06
- Location: Greenhouse planet
- x 11044
Re: Victory Brexit: consequences for Europe?
Here it is ratified!
And in beauty!
And in beauty!
0 x
Do a image search or an text search - Netiquette of forum
Re: Victory Brexit: consequences for Europe?
Gaston wrote:In 3 months: 3,3% increase in wages, 2,2% inflation and 1,7% fall in the pound compared to the Euro ...
Curious?
I just received a refund for a purchase not received, bought 2.5 months ago, in £, via paypal, and of the same value in £,
and I lost 4.3% in € at the exchange…
Last edited by gegyx the 31 / 12 / 20, 15: 32, 1 edited once.
0 x
- GuyGadeboisTheBack
- Econologue expert
- posts: 14932
- Registration: 10/12/20, 20:52
- Location: 04
- x 4347
Re: Victory Brexit: consequences for Europe?
gegyx wrote:Gaston wrote:In 3 months: 3,3% increase in wages, 2,2% inflation and 1,7% fall in the pound compared to the Euro ...
Curious?
I just got a refund for a purchase not received, bought 2.5 months ago, in £, via paypal, and I lost 4.3% in € ...
Administrative fees, no doubt ...
0 x
Re: Victory Brexit: consequences for Europe?
obviously, it is the bank of my visa card, which, even with a full refund in foreign currency, wins in both directions ...
on purchase 1 € = 0,8659 £
at reimbursement £ 1 = € 1,1 => € 1 = 1 / 1.1 = £ 0,90909
So effectively the £ has fallen, but the reimbursement in £ prevails.
Strange that the refund is not made on the entire commitment.
/ ah it will be fine, the bankers with the lantern!
(Ha, m ..., it is already the case!)
on purchase 1 € = 0,8659 £
at reimbursement £ 1 = € 1,1 => € 1 = 1 / 1.1 = £ 0,90909
So effectively the £ has fallen, but the reimbursement in £ prevails.
Strange that the refund is not made on the entire commitment.
/ ah it will be fine, the bankers with the lantern!
(Ha, m ..., it is already the case!)
0 x
Re: Victory Brexit: consequences for Europe?
gegyx wrote:obviously, it is the bank of my visa card, which, even with a full refund in foreign currency, wins in both directions ...
on purchase 1 € = 0,8659 £
at reimbursement £ 1 = € 1,1 => € 1 = 1 / 1.1 = £ 0,90909
So effectively the £ has fallen, but the reimbursement in £ prevails.
Weird
It has always been in exchange rates when they were there. The counters displayed a "buy" rate and a "sell" rate. The difference is called "margin" and generates what is called "profit". A bank is a commercial service ... paying!
One of the many advantages of the euro that has gone unnoticed is the elimination of exchange fees. Even automatic withdrawals ... [even if abroad some networks tax the use of their ATM - which is not an exchange fee!]
See for example "multichange" which buys and "multichange" which sells US dollars:
https://www.multi-change.com/cours-chan ... scQAvD_BwE
0 x
- GuyGadeboisTheBack
- Econologue expert
- posts: 14932
- Registration: 10/12/20, 20:52
- Location: 04
- x 4347
Re: Victory Brexit: consequences for Europe?
gegyx wrote:obviously, it is the bank of my visa card, which, even with a full refund in foreign currency, wins in both directions ...
Why do you think the banks are rich?
And yes Did, the bank is a paid AND compulsory service.
0 x
Back to "Economy and finance, sustainability, growth, GDP, ecological tax systems"
Who is online ?
Users browsing this forum : No registered users and 179 guests