“Real Rate”
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“I enjoy this show and learn from it. I suggest that Mr. Hartford present an episode about the fallacy of “real” currency exchange rates. As he surely knows, there is no such thing as a single, real rate. There are numerous exchange rates for individual pairs of currencies, depending upon various factors. I get a different rate depending upon whether I use, for example, a EUR denominated credit card to buy something priced in USD or buy USD with EUR at a bank or currency exchange counter at an airport. Which, please, is the “real rate”? I would add, of course, that a rigorous examination of this topic as a cautionary tale might jeopardize the sponsorship of Transfer Wise, which is peddling the notion that it offers the “real rate” to its customers. [Edited to delete erroneous reference to LIBOR, which of course concerns interest rates, not forex. Apologies for my error!]”
Dahu74440 via Apple Podcasts ·
France ·
02/29/20
More reviews of Cautionary Tales with Tim Harford
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“Please make more”
Kat2799654 via Apple Podcasts ·
United States of America ·
11/19/19
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“Keep it going. I could listen to these all day. I want more, way more”
aDishTowel via Apple Podcasts ·
United States of America ·
12/13/19
“Sensationalist approach where opinions presented as factual conclusions. The podcast is a bit depressing. Was put off by Trump bashing. Good luck.”
Rombot via Apple Podcasts ·
United States of America ·
11/29/19
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