<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by ozstamps:
newbe ..... please remember, Mike Turnbull and I do prefer the Dom Perignon chilled slightly. 
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At a conversion rate of 1:1.8 the Dom Perignon and me will be at about the same temperature, ozstamps:
slightly chilled
The bet is fine with me, btw. Did you get my email, ozstamps?
However, I still think such a conversion rate is not advisable unless they introduce extremely low award levels. And that would be really surprising to me.
I deliberately take the example from the FD program brochure since everybody knows that. We're going for a trip from Amsterdam to Paris. Depending on where you live you need 9.000 or 10.000 points for the round trip now. Let's assume we're living in the KLM home market (Netherlands), hence we'll need 10.000 points for that weekend trip.
Now what will be the cost in miles? Not less than 20.000 in my opinion.
Since I assume that quite a few Dutch customers will do this or a very similar calculation, KLM will very likely need to convert at a rate of 1:2 or better in my opinion.