A404@lemmy.dbzer0.com to Lefty Memes@lemmy.dbzer0.comEnglish · 2 months agoTrouble in ancapistanimagemessage-square12linkfedilinkarrow-up1159arrow-down110file-text
arrow-up1149arrow-down1imageTrouble in ancapistanA404@lemmy.dbzer0.com to Lefty Memes@lemmy.dbzer0.comEnglish · 2 months agomessage-square12linkfedilinkfile-text
minus-squareKairos@lemmy.todaylinkfedilinkEnglisharrow-up9·2 months agoThis is meaningless. Currencies have different baselines. Western dollars, euros, and pounds happen to have roughly the same value.
minus-squareKrono@lemmy.todaylinkfedilinkEnglisharrow-up8·2 months agoRight, it’s more about how the baseline changes over time. 10 years ago, ~14 pesos would trade for 1 USD. Today, ~1400 pesos trade for 1 USD.
minus-squareKairos@lemmy.todaylinkfedilinkEnglisharrow-up3arrow-down1·2 months agoYes and none of that is in the post.
This is meaningless. Currencies have different baselines. Western dollars, euros, and pounds happen to have roughly the same value.
Right, it’s more about how the baseline changes over time.
10 years ago, ~14 pesos would trade for 1 USD.
Today, ~1400 pesos trade for 1 USD.
Yes and none of that is in the post.