Kates Playground 2009 New

Big Mac, iPod, bread and rice, AS IT SHOULD WORK FOR PURCHASE IN EVERY CORNER OF THE WORLD?

The Swiss bank UBS has recently published the 2009 report "Prices and earnings," one of the most interesting in the world to analyze the dynamics of the purchasing power of the entire globe. A special section
è dedicata al tempo lavorativo necessario per acquistare quattro beni “universali” a livello mondiale utilizzando come base di riferimento i salari netti orari ed i prezzi del celebre panino Big Mac, di 1 Kg. di pane, di 1 Kg. di riso e di 1 iPod nano 8GB.
Per i prime tre prodotti il tempo necessario all’acquisto è espresso in minuti, mentre per l’iPod si ragiona in ore.
Una doverosa premessa è quella riferita al periodo nel quale i dati sono stati raccolti, ovvero marzo/aprile 2009.
Osservando le principali piazze mondiali notiamo che, per mangiare un panino da Mc Donald’s, a Tokyo e Toronto occorrono solo 12 minuti di lavoro, appena 1 in meno di Londra e 2 in meno di New York e Sidney. Sul versante opposto Città del Messico dove occorrono più di due ore di lavoro per acquistare un Big Mac, Budapest (59 minuti), Buenos Aires (57) e Rio (51).
Girando per il mondo è curioso notare come basta una giornata di lavoro di 10 ore per procedere all’acquisto di un iPod Nano 8GB a NY, Zurigo, Sidney e Dublino, mentre oltre 10 giorni lavorativi sono necessari a Dehli, Buenos Aires e Città del Messico.
Passando al bene di prima necessità per eccellenza, 1 Kg di pane, a Dublino, Londra, Amsterdam, Berlino e Mosca occorrono 10 minuti di lavoro per acquistarlo, mentre oltre 1 ora occorre a Città del Messico e poco meno di 60 minuti a Pechino.
Leggermente diversa la geography to buy a kilo of rice, London, New York, Zurich and Lisbon are the places where people work less to take home, while Budapest, Delhi, Istanbul, the city where you have to work hard to present the data più.Tenendo "Italian" Rome and Milan, this table is very useful for those intending to work abroad or make purchases outside border .

Reading Adaptor Laptop Hard Drive

SHOPPING AND TRAVEL ABROAD, THAT'S WHERE THE EURO IS THERE TO SPEND LESS THAN

If you want a corner of the world where shopping cheap or where to travel at very low cost, then point your compass towards the ' Eastern Europe or to the American continent, the Euro will have your buying power much higher than in our house.
This is the verdict of the OECD report on August 7, 2009 compared to the price index, an indicator that expresses, for each country, the number of monetary units (ie Euro for Italy) needed to buy in each nation the same basket of goods and services.
Attached the OECD report to be read vertically for each area of \u200b\u200binterest (to us with interest the column Italy). http://www.oecd.org/dataoecd/48/18/18598721.pdf

The table appears to the right shows, taking as a reference Italy, countries where it is cheaper to buy (values \u200b\u200bbelow 100) opposed to those where the cost becomes expensive (values \u200b\u200babove 100). The data refer to June 2009 with the EURUSD exchange rate at 1.40.

For Italians a purchase or a trip to Denmark, Norway and Switzerland is certainly not a convenient choice to save and must point to the east by the Czech Republic, Hungary and Poland, which allow an increase in Italian purchasing power ranging from 34% to 46%. Mexico
If the basket of goods cost 50% less than Italy, are already above the U.S. market on which our compatriots are looking with greater interest, both for the opportunity to purchase locally or via the internet North American country offers. According to the theory of purchasing power parity (see post below) overestimates the Euro is 20% against the dollar and the exchange rate at which the theoretical cost to buy in the States should be less than is currently positioned at 1.17.
If nothing has changed for the U.S. dollar compared to December 2007, days before the start of the economic crisis Italian consumers gained a lot of positions compared to countries like New Zealand (95 in 2007), Britain (101 in 2007) and Iceland (135 in 2007), making these areas more accessible to travelers of the world our own. Above all, the Icelandic island has been a real fall in prices due to the failure of seeds to which it had suffered in 2008 and opening up prospects for travel to site unthinkable only a couple of years ago.
But the real positive surprises are to be read on intra euro zone data. If the basket of goods and services cost much more in Finland and Ireland (this explains the frequent shopping trips to the cheap that the Irish do in the neighboring United Kingdom), the purchasing power Italian becomes high in countries such as Spain, Greece and Portugal in particular, a country with our own money where purchasing power is greater than 20% Italian, just like the States.

Akiho Yoshizawa Background

Real changes to historical averages, ANOTHER METHOD TO FIND THE place to buy at a discount

often makes the mistake of considering a currency the "weak" if the exchange rate with the euro rises beyond a certain level technicians (eg EURUSD at 1.50 ). In reality the strength of a currency must be considered in relation to a basket of other currencies weighted by the weight of "commercial" that individual nations have with respect to the reference country, for example the United States.
In an attempt to formulate a more accurate measure of the strength of a coin has been created on the nominal effective exchange rate, which is nothing more than an average of bilateral nominal exchange rate, weighted with weights chosen appropriately.
If an importer to buy dollars to pay for importing raw materials or a tourist buys pounds to fund their trip (which will purchase goods and services) come into play, not only exchange rates but also the prices of goods and services traded Two key elements in determining the value and then in most cases, the choice of buying or journey's end.
In this regard it is useful to have a rate effective exchange rate that takes into account also the effect of prices and that is not defined as the relative price between two currencies, but between two sets of goods, this tool is the real effective exchange rate appreciation which may be linked to raising domestic prices to lower prices and the revaluation of foreign exchange.
Without this premise, the table at the side allows us to understand the dynamics of the real effective exchange rates of major world currencies, comparing the present value of regularly provided by the BIS (Bank for International Settlements) average over the past 3 and 10 years.
Negative values \u200b\u200bexpressing a depreciation of the real exchange rate compared to historical averages, and then a "good At currency "for a foreigner who has to travel / purchase in that geographical area, this is because the valutta be at a discount to their long-term average values.
To give a concrete example the U.S. dollar is now below 8.6% over its ten year average and nearly in line (-0.49%), with its average of 3 years.
expanding the horizon to the world as we see, today, the more depreciation than historical averages to 10 years are charged to the Argentine Peso (-35%), the Icelandic Krona (-31%), the British pound ( -16%), Mexican Peso (-16%), South Korean Won (-16%), Hong Kong Dollar (-14%) and the Crown Sweden (-13%). They appreciate the fact that for nearly all distances in these currencies are also relatively high compared to historical averages to 3 years.
On the opposite side, or the real effective exchange rates that were most appreciated by historical average, there is the Brazilian real (+30%), the Russian ruble (+21%), the Czech crown (+24%), the Hungarian forint (+15%), whole block of currencies Baltic (Estonia, Lithuania, Latvia) apprezzatesi an average of 15% and finally the Australian dollar (+10%).