According to these figures, where is the real exchange rate between U.S. and foreign products the lowest? The nominal exchange rate is 4 Saudi Riyals, 9 dirham, 45 Indian rupees, or .6 pounds for a dollar U.S.. An espresso latte double and a cinnamon biscotti $ 6 U.S., 24 riyals in Saudi Arabia, 45 dirham in Morocco, 250 Indian rupees in India, and 5 pounds in Britain.
Not enough information that you are demanding "real exchange rate" and provide only nominal rates without inflation.
Furthermore, no perspective is given.
Nominal exchange rates would be higher in India from the perspective of Indians, but lower in terms of Americans. It would lower the British perspective, but the highest point of view of Americans.
Posted on February 28, 2010.