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> the exchange rate shouldn't really mean much What do you mean by this? After taxes, rent, food and other living costs, you're keeping almost 50% of your comp
by acchow 10y ago
> the exchange rate shouldn't really mean much
What do you mean by this? After taxes, rent, food and other living costs, you're keeping almost 50% of your compensation to spend on whatever you want. How does purchasing power not matter? How much does a car cost in Canada? An iPhone? How much does a flight to Japan cost or a dinner in Tokyo? Of course the exchange rate is relevant even when you're not "hoarding" cash and have no intentions to return to Canada.
- pyre 10y agoWhat you really want to be doing is comparing local purchasing power to local purchasing power, unless you're looking into cross-currency transactions. Sure local purchasing power can be affected by exchange rate (e.g. things that depend on imports), but that's indirect and is a bit more complicated than doing a direct currency conversion on your yearly (pre-tax) salary.