4 ms·

I am not sure if judging the value of currency for people is as easy as converting from Dollars to Rupee. I doubt if it is that simple.

• Roboprog 13y ago
  When I was in India about a year ago, the exchange rate was about 50 Rs to 1 USD. So, I took to calling a 50 note a "Ghandi Buck" (sorry, guys, but it helped me remember the relative value, and it does have Ghandi's picture on it -- just like every other denomination). That said, lunch in the company cafeteria was about 50 Rs, if I recall. So, where I would spend about 5 to 8 USD at home on a modest lunch, they would spend what amounted to 1 USD. Salaries are scaled accordingly, so yeah, those Rupees come dearly when you have to earn them locally. 100 Rs might exchange for 2 USD, but it feels like having to earn 10 USD (or more).
  • anuragramdasan 13y ago
    Yes. While the mathematics is simple, the relative salary and inflation tell an entire different story. Also over the past year, the value of dollar has increased to Rs 67(or the value of Rupee has fallen, whatever). The point is, it burns more now. And the burn amount keeps fluctuating.
  • denzil_correa 13y ago
    > "Ghandi Buck" (sorry, guys, but it helped me remember the relative value, and it does have Ghandi's picture on it -- just like every other denomination) Apologies if I am pedagogical but it is "Gandhi" and not "Ghandi".