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  1. #1
    Don't Believe the Hype RiPHRaPH's Avatar
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    an american question for those from U.K.

    i have been picking up cycling mag's from Barnes & Noble Bookstore here in USA>
    i see many ad's for cycling stuff//// just wondering....how many $$$ = a british pound (or whatever the unit of dollar is in U/K)
    I have enough words to get me into trouble, but not enough to get me out of trouble.

  2. #2
    Punk Rock Lives Roughstuff's Avatar
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    Originally posted by RiPHRaPH
    i have been picking up cycling mag's from Barnes & Noble Bookstore here in USA>
    i see many ad's for cycling stuff//// just wondering....how many $$$ = a british pound (or whatever the unit of dollar is in U/K)
    According to the currency converter on YAHOO, the current exchange rate is

    $1= .682755 British pounds; or inversely,

    1 Brit pound= 1.46465 US Dollars.

    The latter way is the way the exchange rate is usually stated. The exact rate you get depends on the bank, the size of the transaction, and whethere you use cash or an ATM card, etc.

    roughstuff
    Electric car sales are on fire! :)

  3. #3
    Dazed and confused Ellie's Avatar
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    A good first guestimate is usually approx. $1.5 to £1. It kind of works, and is much easier to convert in your head!

    Obviously if you want to know more precisely use a currency calc.

    The thing that really scuppers me in the States is sales tax. Because the 17.5% in the UK is added on before buying, I'm not used to having to add the 6% (or whatever) in the States!

    Ellie

  4. #4
    Donating member Richard D's Avatar
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    Unfortunately with a lot of bike bits retailers price pretty much in pounds what you pay in dollars i.e. £1 = $1....

    Richard
    Currently riding an MTB with a split personality - commuting, touring, riding for the sake of riding, on or off road :)

  5. #5
    riding a Pinarello Prince orguasch's Avatar
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    that is agood conversion One Pound to One US dollar, but out here, if you buy bike merchandize they multiple it by almost 100% plus the 15% the government take from you, we are the most tax people in North America
    "Racso", the well oiled machine;)

  6. #6
    Grounded Inkwolf's Avatar
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    Originally posted by Ellie
    The thing that really scuppers me in the States is sales tax. Because the 17.5% in the UK is added on before buying, I'm not used to having to add the 6% (or whatever) in the States!

    Ellie
    Heh, heh....you might be interested in knowing that historically, that's because of you guys. (Or so I've heard, anyway....)

    In the days of the colonies, the British put tax on several items (and, I think, imposed a sales tax.) When the colonies began their rebellions, people refused to pay the taxes any more. Shopkeepers who wanted to stay on the colonists' good side, while not having to stand up to the British, would add the tax into the price, so that people would pay British taxes without realizing they were doing so.

    These days, it's illegal to disguise a tax by adding it automatically to an item's price or making it appear as if there are no taxes being payed on a taxed item. (Unless you're the US government and want to tax cigarettes or something.)

  7. #7
    Forum Admin lotek's Avatar
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    I'm not used to having to add the 6% (or whatever) in the States
    I've heard that so many times by people who have travelled to
    the states. I can't count the number of South Africans who
    whinged about this one.
    Just wondering is there a way to recover tax when Leaving
    the states? I used to claim VAT when I returned from
    Europe and RSA.
    Marty
    Sono pił lento di quel che sembra.
    Odio la gente, tutti.

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