Join Date: Dec 2000
Location: Charleston, SC, USA
Programs: Avis Pref+, Hyatt Explorist, Marriott Life Gold, Honors Silver, IHG Plat via MC.
Posts: 6,789
What Slawecki posts also happens in Mexico. Multinational co.s mistrust the unstable local currency, so they quote in $ or Euros. Even if they are forced by law to bill in local currency, they want to make sure they get a pre-agreed dollar amount worth of pesos or rubles.