International Monetary Policy
Did you know that if you go to Google and type in Pesos to Dollar, that a nice little converter will come up?
Yep! You just enter the amount of pesos and *boop* it will tell you the corresponding amount in US Dollars. You can then take that amount and cut and paste it into a nice tidy PowerPoint presentation and ship it over to your demanding and agitated boss for his presentation later today.
And when you send that off you feel so gosh darn smart and efficient.
But there’s more.
Did you know there is a rather large difference between Mexican Pesos and Colombian Pesos?
Let’s show by way of example:
6 million Mexican Pesos is equal to:
$470,105 US Dollars
6 million Colombian Pesos is equal to:
$3,356 US Dollars.
Further, did you know that the difference between asking finance for 470k versus 3k on a pretty little PowerPoint slide is, well, significant.
Pesky ol’ currency conversion.
(Thankfully my BossMan caught it before the meeting and we fixed it. I’m now being teased unmercifully. Ugh!)
Image from flagpedia.net
Surprising! I would have thought a currency backed by cocaine would be stronger. Clearly, the Tequila Standard is the way to go.
Pat – I’ll drink to that! *hic*
Yeessh, bosssh, I’ll get you that PowberPoint right away-issshhh.
Why yes I did
More significant I recently ran into a nifty!
When asking for future dollars one needs to call the Finance department and ask them to forecast the dollars. (Don’t ask me what voodoo is involved in that process)
Emmett – I shoulda known you would know. You are quite the Renaissance man.
Oh man, there are some people in corporations who do some wacky things. At my last gig I worked down the hall from a guy who was basically hired to be a day trader. He had a slush fund to invest each day and whatever he made was considered a hedge against currency conversion.
I was always sipping a little coffee and contemplating a contract and he was shouting “SELL WALLMART! SELL! BUY STARBUCKS!! BUY!!”
He was an odd little fellow, but according to office lore, he was pretty good.
You know the old saying about not having time to make all the mistakes yourself? I always tried.
Emmett – :)
I’m usually disappointed whatever I’m converting – I always seem to be on the wrong side.
Anji – Oh me too….lol.