In Reply to: it is called the currency markets posted by bullethead on January 18, 2015 at 11:27:17:
Live rate 1 GBP = 1.51 $US so 3379 GBP would trade for $5100. I suppose you could argue exchange rate historically since the speakers here now were made some other time, and of course goods prices are stickier than currency, but I don't think the GBP/$ has fluctuated that much, $0.25 or so over the last couple of years.
Some other type of "arbitrage" going on there.
Introduce an importer (necessary) and shipping, insurance, warranty service etc. and they like to get paid as well. Whether it's worth $2500 is up to the listener.
This post is made possible by the generous support of people like you and our sponsors:
Follow Ups
- Currency Markets? - Sibelius 12:01:19 01/18/15 (11)
- Customs, Insurance, Freight, Warehousing, Inventory Tax, Payroll, Advertising... - John Marks 13:20:39 01/18/15 (10)
- RE: Customs, Insurance, Freight, Warehousing, Inventory Tax, Payroll, Advertising... - A.Wayne 15:24:49 01/18/15 (0)
- I think we agree... - Sibelius 14:07:11 01/18/15 (7)
- Or, perhaps the most under-exposed of high-value American loudspeaker makers - John Marks 14:30:04 01/18/15 (4)
- RE: JM, Impedance graph ...... - A.Wayne 15:57:13 01/18/15 (3)
- RE: JM, Impedance graph ...... - John Atkinson 04:43:21 01/19/15 (2)
- RE: JM, Impedance graph ...... - A.Wayne 15:39:17 01/19/15 (0)
- Thanks, JA nt - John Marks 07:47:17 01/19/15 (0)
- then why - mbnx01 14:27:34 01/18/15 (1)
- RE: then why - Sibelius 14:44:03 01/18/15 (0)
- meat - bullethead 13:45:15 01/18/15 (0)