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Question 962  foreign exchange rate, real estate

Major City Apartment Prices
One bedroom, one bathroom, around 55 square metre floor space, Dec 2018
City Advertised price Currency FX quote
London, Great Britain 995,500 GBP 1.3 USD per GBP
Paris, France 639,000 EUR 0.88 USD per EUR
San Francisco, USA 859,000 USD 1 USD per USD
Shanghai, China 6,300,000 RMB 6.9 RMB per USD
Sydney, Australia 670,000 AUD 0.72 USD per AUD
Tokyo, Japan 50,800,000 JPY 112 JPY per USD
 

Which city has the most expensive apartment, measured in United States Dollars (USD)? Pay attention to the FX quotes.




Copyright © 2014 Keith Woodward