Pounds to Galleons (Was: Why did the founders...)

[Steve]

No: HPFGUIDX 118127


--- In HPforGrownups at yahoogroups.com, "hp_lexicon" <steve at h...> wrote:
> 
> --- In HPforGrownups at yahoogroups.com, Alina <mysticowl at g...> wrote:
> > I'm not British, but the exchange rate doesn't seem unfair to me.
> > Considering that one Galleon is a lot more money than one pound.


> You can find an accurate Galleons-to-Muggle money convertor on the 
> Lexicon. It's located here:
> 
> http://www.hp-lexicon.org/wizworld/galleons.html
> 
> Steve
> The Lexicon

bboyminn:

While not 100% accurate, a quick and easy exchange rate is -

G1 = £5 = $7.5

Not 100% accurate, but easy math; easy because the dollar value is 1.5
times the Pound value.

So, using the above 'quick' ratios -

One Phoenix/Holly wand = G10 = £50 = $75

Omnoculars = G10 = £50 = $75

One trip to Egypt = (assumed) G500 = £2,500 = $3,750

One Daily Prophet Prize Drawing = G700 = £3,500 = $5,250

One Knight Bus Ride = 11 Sickles = £3.24 = $4.86

One Hogshead Butterbeer = 2 Sickles = £0.59 = $0.89

Quite a while back JKR, in an interview, said that one Galleon was
about 5 Pounds, and the Foreword in 'Quidditch Through the Ages'
confirms that. The problem is that we have world standard references
to give us the normal fluctuations in the value of the Pound relative
to the US!Dollar, but we have no way of determining fluctuations in
the Galleon to Pound ratio.  So we are stuck with a roughly One to
Five fixed ratio for G:£, and an ever fluctuating ratio for G:$.

On the subject of cost and value, I always thought G10 for a wand was
exceptionally cheap.

Just a few thoughts.

Steve/bboyminn (was bboy_mn)