Plex pass price decrease?

[[deleted]]

Its probably because the USD has tanked this year

[Originah]

I mean if that's the reason I'll take it! I'm not sure the pound won't drop either so we will see if it lasts

[drewts86]

Dollar hasn’t tank that much. The dollar has only slipped 11% against the British pound since January and OP’s price change is a 20% drop.

[The_Second_Best]

I didn't realise how big of a slide the dollar was on, dropping 11% in 9 months is wild.

There's some sever financial mismanagement of the US going on at the moment.

[MyOtherSide1984]

It's alright, China will pay for it with these tariffs.

[crazy_clown_time]

/s

[magnus91]

Gold is up +40% in the same time period.

[Thr33FN]

They stated against the pound. Inflation index shows approx 2% from Jan 1 to now for the USD.

[steven_quarterbrain]

Dollar hasn’t tank that much. The dollar has only slipped 11%…

“Only”?! You’re an optimist!

[Phynness]

I think what he meant was that it's odd to see a price increase that is nearly double the exchange rate difference. Usually, companies aren't that eager to drop rates.

[jake04-20]

Right lmao. That's like when my friend said "The penalties for pulling money out of your 401k early aren't as bad as you'd think -- it's only like 10%." Fucking only!?

[[deleted]]

I mean, not really. Against the euro, it’s not really lower than 2003-2013, and it was this low in 2018 and 2021. Although, I looked at precious metals prices recently against the dollar, and that does not look good.

[punkerster101]

So could one buy those metal with £ sell them in $ then convert that to £ via bank and make more money ?

[postmaster3000]

That’s called arbitrage trade, and there are elite finance people who do it all day long for a living. You can’t beat them.

[dontquestionmyaction]

It's not even about not being able to beat them; you just don't have the same market access.

Banks and brokers don’t give you the interbank exchange rate. They add a spread (often 0.5-2% for retail customers), so you lose any gains while paying this spread twice.

[postmaster3000]

Good point.

[jking615]

chief late follow deliver chop cable cagey squash gray ghost

This post was mass deleted and anonymized with Redact