Still thinking 1 GBP = 2 USD? Well buddy, that doesn’t hold good in all the cases. Use this post as a reference for your currency conversion needs.
Electronics
For every $500, reduce GBP 100. Lets see some examples
- iPod Touch: US Price: $299, UK Price: GBP 199 (Reduce 100)
- Dell XPS 1530: US Price: $799, UK Price: GBP 599 (Reduce 200, since the amount > 500)
- Nintendo Wii: US Price: $249, UK Price: GBP 159
Food:
1 GBP = 1 USD
$4.99 Burger at Mc. Donald’s would cost you GBP 4.99 here in UK simple. Prices of all other items including groceries also maintain the number.
Housing:
- London: 2 GBP = 1 USD.
- Rest of UK: 1 GBP = 1 USD
Keep you posted, as and when I figure out other things here.
Profile of Prabhu Subramanian
Did u buy the Wii ?
Someone really has to do something about house prices here, they’re are just out of control.
I agree Dave. It doesn’t make sense to pay 60% salary as rent for a shared accomodation. Lets hope the existing UK house price drop become more significant.
[...] Google started giving you the result directly from the search though. My second hit though, was someone with a far more useful perspective. This chap has very sensibly worked out how USD and GBP compare when it comes to buying power at [...]
This is a ridiculously simplistic view of the currency exchange rate. All that you show is a difference in prices from the US to the UK, that generally, the UK is more expensive. Take the example of wages: if an IT consultant in the UK gets paid £500k per year, and an IT consultant in France gets paid €700k, whereas the exchange rate would have it at around €570-600 (depending on when you read this post), then all that shows is that IT consultants get paid more in France, and less in Britain, not that the exchange rate is wrong.
In the case of Britain and the US, the difference in average wages actually shows that in terms of average buying power, most of what you have in examples above cost roughly the same.