FlyerTalk Forums - View Single Post - Issues involving foreign exchange conversion rates
Old Aug 30, 2006 | 7:00 am
  #39  
pinniped
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Originally Posted by JustMe551122
This is true of so many other places where the currency is not a strong currency (i.e., YEN, EURO, STERLING to name a few).
Whaaaa? If those aren't strong currencies, what is? You could argue that at least two of those three have been stronger than the US Dollar over the course of the past few years.

One of them is the IATA dollar rate.
I'm not sure what the IATA has to do with currency markets, unless there's another IATA besides the one that deals with aviation. I believe the largest currency market, and the one upon which exchange rates should be based, is in London. (But New York or Tokyo wouldn't surprise me either.)
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