Muggle Money Exchange Rate?

[Steve]

No: HPFGUIDX 126612


--- In HPforGrownups at yahoogroups.com, "Chys Sage Lattes"
<yami69hikari at y...> wrote:
> 
> Ok, so what is it, does anyone have any past discussion references
> they could send me to tell me exactly what the exchange rate is
> between Muggle and Wizarding money? Or do we know the knut to dollar
> rate?
> 
> ...edited...
> 
> 
> So what is it?
> 
> *very curious*
> 
> Chys

bboyminn:

We don't actually know the Galleon to Dollar ratio. The best we have
is JKR interview statement that 1 Galleon is /about/ 5 British Pounds.

But since that statement was made without a reference to when it was
one to about five, we can't really accurately allow for the
flucuations in currency rates.

This does allow us to roughly convert Galleons into Pound, and then we
can easily use current exchange rates to convert Pounds into US
Dollars or any other currency.

It's not completely accurate but for rough estimates I use this ratio

G1:£5:$7.5

One Galleon = Five Pounds = Seven Dollars and fifty cents.

The conversion between Pound and Dollar is 1.5, so £5 x 1.5 = $7.50

Again, because US to Pound currency exchange rates are always
changing, it's never completely accurate, but if you are just trying
to make a fair estimate of the cost of something, it works out OK. For
example, the 10 Galleon Omnoculars were about £50 or $75. 

I've been looking for a post in which I had the cost many of the items
in the books figured out, but I can't find it. If I recall correctly,
a butterbeer is about US$.60.

Hope that helps. If I find other posts with more details, I'll send
them to you.

Steve/bboyminn