What's a NUC worth?
Sep 6, 2000 | 12:15 am
#1
Original Poster
Join Date: Sep 2000
Posts: 3
What's a NUC worth?
A while back in speaking to an agent about a RTW ticket departing from Asia, he
informed me that the rates of the tickets are based upon NUC’s (Neutral Units of
Currency?). I believe the NUC price stays the same so the value of the local currency
(which fluctuates) is multiplied by it’s worth to the NUC to get the total in the local currency.
As it was explained to me: If the RTW ticket is 4,000 NUC and 1 NUC is worth 1,500
Korean Won, the total price of the ticket is 6,000,000 Won.
FYI - He also said the NUC is practically equal to the US $.
Question: Is there a listing of the NUC values for every country? If so, one could
determine where the lowest priced ticket would depart from.
informed me that the rates of the tickets are based upon NUC’s (Neutral Units of
Currency?). I believe the NUC price stays the same so the value of the local currency
(which fluctuates) is multiplied by it’s worth to the NUC to get the total in the local currency.
As it was explained to me: If the RTW ticket is 4,000 NUC and 1 NUC is worth 1,500
Korean Won, the total price of the ticket is 6,000,000 Won.
FYI - He also said the NUC is practically equal to the US $.
Question: Is there a listing of the NUC values for every country? If so, one could
determine where the lowest priced ticket would depart from.
Sep 6, 2000 | 1:33 am
#2
Join Date: Jan 2000
Programs: UA 1k, AA EXPLT, NZ GE, VA PLT Hyatt Diam, Marr Plat, HH Diam
Posts: 3,728
You're correct about the definition of NUCs. They were introduced in order to have a common standard for international tickets. (By definition, a NUC is exactly US$1.00.) The "NUC" was introduced by the world's airlines because it is more "politically correct" (the airlines -- mostly non-US ones) didn't like the idea of a Capetown to Hong Kong fare being priced in US$ (instead, say hello to the NUC.)
I believe the NUC is based on that day's "bankers rate" for US$.
I believe the NUC is based on that day's "bankers rate" for US$.
Sep 6, 2000 | 3:31 am
#3
Join Date: Feb 1999
Location: Washington DC
Programs: UA GS, SAS Gold, EK Gold, BA Gold, Marriott Titanium, HH Diamond
Posts: 801
NUC is used as a substitute for the US $. All tickets are priced in NUC's but then converted at that day's BSR (base rate) into whichever currency you purchase your ticket in.
2 other reasons for the NUC are:
1. some countries restrict foreign currency transactions by its citizens so a NUC can be a good way to price in the local currency w/o actually fixing a rate. (good for countries where the currency fluctuates often).
2. the NUC also allows you to purchase tickets originating outside of the country of issue.
2 other reasons for the NUC are:
1. some countries restrict foreign currency transactions by its citizens so a NUC can be a good way to price in the local currency w/o actually fixing a rate. (good for countries where the currency fluctuates often).
2. the NUC also allows you to purchase tickets originating outside of the country of issue.
