Exchange Rate

[happyroman]

Back in the day, Rex Martin was a sales rep for Rudolf Meinl. The exchange rate was so favorable, he at one time had in his studio two complete sets of tubas; 3/4 CC, 4/4 CC, 5/4 CC and F, one set of each in yellow brass and gold brass.

[Alex C]

I'd be interested to know where one can get that .88:1 number - I'm getting 1.11:1, one euro is $1.11. If there's a convenient way to buy euros for $0.88 and sell them for $1.11, I'm in.

I was using earlier research when the euro was lower and I did say it was rough estimates and ask for correction. However, even taking in today's close at 1.07 that's a 20% decrease from two years ago. I think it's legitimate to ask why prices haven't slackened some.

[Wes Krygsman]

Could also be that current inventory was purchased at the previous high prices, and the new lower prices could be on the next turnover.

[Rick Oakes]

I suspect that the European sellers see no reason why their prices should be influenced by the exchange rate and that considering the small market in the USA the only way for prices to go is up.

[bisontuba]

healthcare and education!

cellphones and foodstamps!

and if you weren't godless cretins I'd suggest "pie in the sky"

this ↑



(psst: If prices are higher than consumers are willing to pay, consumers will not pay them.)

The first axiom is called the reflexive axiom or the reflexive property. It states that any quantity is equal to itself.

As usual...WRONG

[bort]

Mark, are you suggesting the reflexive axiom of geometry is wrong? Tsk, tsk...

[bisontuba]

Mark, are you suggesting the reflexive axiom of geometry is wrong? Tsk, tsk...

No. He is insisting that consumers will pay prices higher than they are willing to pay...because that's just what he does.

(You'll see... He's posting his clarification from his 0bamaphone right now.)

Well, exCruz me...

[Donn]

He might be thinking that prices don't necessarily simply rise and fall according to what people are willing to pay. You can see plenty of examples of this any time you want to look. Check ebay - see a shined-up Conn 21J or two that look awful familiar? There's stuff that's been there long enough to retire, and we can see from this that prices are higher than consumers are willing to pay. Yet, some day, a new consumer may come along and see no problem with paying that much.

So "if prices are higher than consumers are willing to pay, consumers will not pay them", is like saying "if the water isn't high enough, it won't spill over the levee." It doesn't mean you can look at the river and tell whether the levee was adequate.

I seem to remember previous examples of tuba inventory priced according to the exchange rate in effect when acquired, as opposed to re-priced on some regular schedule to follow current exchange rates. I didn't get DP's point as to how this would relate to cellular phones, food stamps, education etc., but I always like a "pie in the sky" reference. Didn't guess he'd be a Wobbly. "Work and pray, live on hay, you'll get pie in the sky when you die." (To the tune of "Sweet By-and-By.")

[Donn]

Talk about people and their True Religion.

[Three Valves]

Try ordering a sandwich at WaWa by talking to a person now.

"You'll have to use the touch screen, Sir"