this post was submitted on 18 Oct 2023
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[–] programmer_belch@lemmy.dbzer0.com 91 points 2 years ago (3 children)

This map is somewhay misleading, some countries use currency without decimals, making their currency worth effectively less. Take for example the euro, a cent (a one hundredth of an euro) is cerntainly worth less than a robux while an euro isn't. The same comparison with the japanese yen (efectively a cent) shows that robux is more valuable. The map should be how many robux can you buy with the minimum wage for example.

[–] M500@lemmy.ml 34 points 2 years ago (2 children)

Yeah this doesn’t make any sense. In fact by their logic it’s wrong. A robuck is worth more than a US penny.

I’m guessing they’re basing it on the smallest paper denomination, but that still doesn’t really make much sense to do.

[–] Ilovethebomb@lemm.ee 11 points 2 years ago (2 children)

The US does not use the penny as their currency, they use the dollar. A penny is a fraction of a dollar.

[–] captainlezbian@lemmy.world 3 points 2 years ago

Yeah currency will have a whole unit. Common purchases may or may not fall within the range where that unit is the order of magnitude to think of, much in the same way the meter may or may not be the order of magnitude you think of, but it is the 1 marker. Cents are portions of the dollar, yen are whole 1s, even though they’re more or less comparable. Euro-American currencies tend to be subdivided into hundreds, and if needed fractions from there such as the halfpenny.

[–] Devorlon@lemmy.zip 11 points 2 years ago (2 children)

It wouldn't be the smallest paper denomination, IIRC the Euro and Pound don't have single notes in circulation anymore.

[–] WhiteHawk@lemmy.world 16 points 2 years ago

I don't believe the Euro ever had a 1€ note, it's always had 1€ and 2€ coins

[–] Ilovethebomb@lemm.ee 4 points 2 years ago

The smallest New Zealand dollar note is a $5, anything less is coins.

[–] Ilovethebomb@lemm.ee 14 points 2 years ago (1 children)

Because the EU doesn't use the cent, they use the Euro. A cent is a fraction of a euro.

The Yen is like that because they had hyperinflation for a while.

This comment really doesn't make sense.

[–] smollittlefrog@lemdro.id 22 points 2 years ago (1 children)

The point of the comment is to point out the common misconception that the value of one [token of a currency] has anything to do with the strength of a currency. As described in the comment, the value of a singular token of a currency can be chosen arbitrarily.

This, of course, doesn't mean the map is factually incorrect.

This, I don't think the map is incorrect, for me it would be more interesting to compare people's wealth than the arbitrary value of a token

[–] Rodeo@lemmy.ca 4 points 2 years ago

Because this map uses the nominal currency, obviously.

Cents are not the nominal currency of Europe; euros are the nominal currency, and cents are a fraction of that nominal currency.

[–] MooseBoys@lemmy.world 23 points 2 years ago (1 children)

This map is completely meaningless. The local value of “one money” in each country’s currency varies massively. A Coke might cost 1 dollar in Australia but cost 1000 won in South Korea, but Australians make 50,000 dollars per year while South Koreans make 3,500,000 won per year.

[–] Wintar@kbin.social 1 points 2 years ago

yeah but 1 robuck though...............

[–] JizzmasterD@lemmy.ca 5 points 2 years ago

« The Gambia »

[–] spark947@lemm.ee 2 points 2 years ago

It helps their page, even though I saw it on blahaj.

[–] jabberati@social.anoxinon.de 0 points 2 years ago (1 children)

In the game I will create this afternoon, a JAB can be bought and sold for 1.25 USD, making it the more powerful currency than the US dollar.