3 ms·
> it's rare to break 1M isk a month (which is about 80,000 - 85,000USD I assume there must be an order of magnitude mistake somewhere here, either in the curre
by jsnell 3y ago
> it's rare to break 1M isk a month (which is about 80,000 - 85,000USD
I assume there must be an order of magnitude mistake somewhere here, either in the currency conversion or in the timeframe.
> Inflation has been hovering around 8-10% a month
Likewise I don't believe this for moment. It'd mean an annual inflation of about 300%.
- deleted 3y ago[deleted]
- jlokier 3y ago> I assume there must be an order of magnitude mistake somewhere here, either in the currency conversion or in the timeframe. I guess the GP meant "USD per year". With that the numbers work out. To clarify. 1M ISK ≈ 7,150 USD. So 1M ISK per month translates to about 85,000 USD per year.
- matt_storm 3y agoThe numbers are not wrong. 1 euro is 150 ISK. Which means yearly salary od 80k is about 12M ISK, or 1M ISK per month.
- jsnell 3y agoThe OP's claim was that a monthly salary was 1M ISK, and that 1M ISK was $80k. You are saying that a yearly salary is $80k. It seems pretty clear that those original numbers were wrong.