Ian
priscilla 1What $1 Looks Like in Other Currencies
May 25th 2011 02:39
As reported on the Atlantic (link above to full article), US$1 may look plain but what is it equivalent to in the rest of the world, both real and virtual?
Sure, the conversion rate doesn't look promising. But take a closer look. Thanks to demand for its mined metals, Mongolia's togrog rose 15% against the dollar in 2010, the highest performing currency in the world.
The British pound is famously unforgiving to American tourists, but ... hey, at least it's pretty! The latest redesign cleverly features an incomplete portion of the Royal Shield on all new pence coins and the full shield on the full one-pound coin.
With 600 million accounts worldwide, Facebook's user base is now twice the size of the United States. So maybe it makes sense that Facebook Nation has its own currency. Exchangeable through many tangible currencies, like British pounds and South African dollars, the Facebook credit can be redeemed within the social network to play games and buy toys -- not unlike a Chuck E. Cheese token, but for Farmville and other online games. According to Inside Network, the Facebook sold nearly $1 billion worth of credits in 2010.
The Yen took center stage in the news recently when it rose to a record high on March 26. Within hours, the FT reported, the Yen settled near 80 again, as central banks from the G7 joined hands to weaken the currency. A strong currency would have made imports more affordable for the Japanese -- at the cost of raising the price of their exports.
World of Warcraft is a virtual phenomenon, a mega-multiplaying universe that has captivated millions of players and billions of computer hours. And so, the ability to buy weapons, sustenance, land and more requires its own currency.
$1 IS EQUAL TO ...
1,200 MONGOLIAN TOGROG, OR TUGRIK
62 PENCE (.62 POUND)
10 FACEBOOK CREDITS
80 JAPANESE YEN
500 WORLD OF WARCRAFT GOLD
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