[War_ooc] Exchange rate?

[pentaj2 at Scranton.edu]

Dan is as usual the most eloquent among the GMs.

However, for everybody's sanity, pleasepleaseplease try to keep your 
monetary stuff in US Dollars (preferably!) or, failing that, some 
major currency (I'm thinking either the Pound, the Euro, or the Yen).

A lot of the smaller currencies (the NT$ among them, but I'd include 
the PRC Yuan here too) are subject to extreme volatility on the 
currency markets, and so trying to keep a benchmark exchange rate in 
one's head is...difficult. The major ones do not fluctuate appreciably 
over, say, a month; The volume of trade is too big.

To facilitate that, I'll try to find somewhere we can get benchmark 
exchange rates to put in the WR for those currencies.

John
----- Original Message -----
From: Dan Garcia <ssiruuk25 at yahoo.com>
Date: Thursday, September 21, 2006 2:08 pm
Subject: Re: [War_ooc] Exchange rate?

> Probably 66 Billion Taiwanese dollars would probably buy you about 
> as much as $2 Billion dollars
> in the US.  This isn't exactly true, but Taiwan is a pretty well 
> developed nation with a vibrant
> international trade, so it's probably a pretty good approximation. 
> Of course, if you wanted a
> better sense, you could look up what Taiwan's GDP is at market 
> rates and at PP rates, and compare
> the two.  The PP GDP just takes into account living standards and 
> such.  If the PP GDP is about
> the same as the market GDP, then everything I said above is right. 
> If it's very different, (and
> usually if it is different, PP GDP is usually more than market 
> GDP) then it might carry more bang
> for the buck.
> 
> I hope that helped.
> 
> Danny
> 
> 
> --- Alan Tang <alantang999 at hotmail.com> wrote:
> 
> > I'm not too hot on fiscal management, would 66 Billion NT$ be 
> considered 2 
> > Billion (in US dollars), or in terms of Taiwan's internal 
> economy really 66 
> > Billion dollars ? If it is really 66 billion dollars worth of 
> actually 
> > spending (which is massive for just a health care spending bill) 
> i'd like to 
> > retcon that to just 2 billion NT$ over the year. Can anyone 
> explain how this 
> > really works?
> > 
> > -Alan
> > 
> > 
> > 
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> 
> 
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