Re: Yen dollar exchange rate

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Article #2947

#2947

From: royls
Date: Fri, 01 Jul 2005 03:54

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On 30 Jun 2005 20:18:40 -0700, "TXZZ" <superoutland@aol.com> wrote:

>Yea how does the yen/dollar exchange rate affect pricing?  I mean,
>shouldnt the exchange rate instead be adjusted?

It is constantly being adjusted by market participants.

>ok, if you cant tell where Im going with this, for a hypothetical
>question, they always use examples like"the yen is 360 to the dollar,
>so you could by 3 books.  But now its only 120 to the dollar so you can
>only buy one book".  This sorta logic is used when discussing
>economics, but doesnt that just mean the dollar/yen exchange rate would
>be wrong?

Why would it be "wrong"?

-- Roy L

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Subject: Re: Yen dollar exchange rate
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