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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (70715)	10/30/2007 2:09:16 PM
From: sea_biscuit	Respond to of 116555

There is usually one primary currency in which the rents are priced. That would be either because the currency is valued more than the others (as the USD is - or used to be - in hotels in Third World countries), or because that is the currency that the hotel's/country's expenses are in. So, if a hotel in India says "room rents are $150/day (Rs. 6000/day)" then it is clear that the USD is the primary currency. The rupee value of the rent varies as the USD rises or falls, not the other way round.