Archived posting to the Leica Users Group, 1997/11/15

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Subject: Re: Footloose Finders?
From: dannyg1@IDT.NET
Date: Sat, 15 Nov 1997 23:57:20 +0000

> Patrick wrote:

> <<<CDN$90 in 1967 was US$81 (exchange rate then was $0.90CDN/US).
> Inflation from 1967 until today (as measured by U.S. CPI) has been a factor
> of 4.83, meaning that those US$81 had the buying power of US$391.23 today.
> At the current exchange rate of CDN$1.00 = US$0.73, that's
> CDN$535.93.<<<<<<<

Ok, So why does Conde Naste still pay the same $350 as a standard rate on an 
assignment. Same amount in '68. Now how does the effective rate add up? And what 
does that do to the buying power value when faced with a predicament like Ted's?

Danny Gonzalez