Comparing Cheap Dates Around the World. Comparison of prices or costs across different country and currency environments requires translation of the local currency into a single common currency. This is most meaningful when the comparison is for the identical or near-identical product or service across countries. Deutsche Bank has recently started publishing a comparison of cheap

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evening on the town for two to eat at McDonald's, see a movie, and drink a beer. Once all costs are converted to a common currency, the U.S. dollar in this case, the cost of the date can be compared across cities relative to the base case of a cheap date in USD in New York City.

If the exchange rate in Shanghai was CNY 6.55 divided by USDCNY6.55/USD ,what would be its cost in USD and relative to a cheap date in New York City

?

China

Shanghai

CNY

373.87

USD = 1 CNY

0.1619