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0 pointsacchow9y ago0 comments

> the exchange rate shouldn't really mean much

What do you mean by this? After taxes, rent, food and other living costs, you're keeping almost 50% of your compensation to spend on whatever you want. How does purchasing power not matter? How much does a car cost in Canada? An iPhone? How much does a flight to Japan cost or a dinner in Tokyo? Of course the exchange rate is relevant even when you're not "hoarding" cash and have no intentions to return to Canada.

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pyre9y ago

What you really want to be doing is comparing local purchasing power to local purchasing power, unless you're looking into cross-currency transactions. Sure local purchasing power can be affected by exchange rate (e.g. things that depend on imports), but that's indirect and is a bit more complicated than doing a direct currency conversion on your yearly (pre-tax) salary.

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