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From the 'how it works' section of the Wikipedia page... "Every working day, a panel of international shipbrokers submits their view of current freight cost on
by keithpeter 11y ago
From the 'how it works' section of the Wikipedia page...
"Every working day, a panel of international shipbrokers submits their view of current freight cost on various routes to the Baltic Exchange. The routes are meant to be representative, i.e. large enough in volume to matter for the overall market."
So three [chaps|chapesses] in London think of a number presumably based on some kind of average volume figure and price.
I'll have to find a list of obscure indices and do some visualisations. Might make Maths lessons a bit more interesting...
- roymurdock 11y agoThe big-mac index [1] is another unorthodox one that has gained a lot of attention for actually being a very rigorously updated price-level guide between different nations. [1] http://www.economist.com/content/big-mac-index http://www.economist.com/content/big-mac-index
- keithpeter 11y agoNow that will get them talking. We could do a 'teenager price index' as well and compare it to the retail price index (UK).