00:01
All right, we're looking at exchange rates, and we have japan, chile, and china, and their currencies, given the u .s.
00:07
Dollar currencies here.
00:09
And we want to know the country has the best deal and the worst deal, based on the cost of this purse.
00:16
So what i've done here is the value equivalent of japan, china, and chile, i took the currency rates multiplied by 50 because that's how much each dollar is worth.
00:28
So just took those values times 50.
00:31
The cost of the purse you just take just what they are so how much more are you spending so the difference so what we're going to do so this is the 50 bucks but then you're going to subtract off what you pay so this means you actually have to pay 892 yen more for the purse than what you exchange it 50 bucks for let's face it down and go here oh look at this so chile clearly they've got the best deal.
01:07
That means even though you're getting $26 ,000, $350 ,000.
01:13
In chile, it costs less than $50 for that purse, whereas both in japan and china, it costs more than the $50.
01:23
That's good.
01:25
Good to note.
01:25
That's the best deal in chile, the worst deal.
01:29
Before we jump on the bandwagon and say, oh, look, japan has the worst deal because that number is bigger than the chinese number.
01:37
Hold up because we've got to figure out what is this difference in u .s...