Tom D asked:
For instance a share of BP Oil stock is $66.68. If you convert that into British Pounds it should be 33.88 pounds. However, one share of BP Oil stock is worth 563 pounds, not 33.88. In Euro’s, one share is worth 8.35. I obtained these prices off of the BP.com website. I’ve noticed that this is not unique to BP but is true of all stocks that are traded in multiple currencies. Are the shares of stock that I own in dollars worth less than the shares that are valued in pounds?
For instance a share of BP Oil stock is $66.68. If you convert that into British Pounds it should be 33.88 pounds. However, one share of BP Oil stock is worth 563 pounds, not 33.88. In Euro’s, one share is worth 8.35. I obtained these prices off of the BP.com website. I’ve noticed that this is not unique to BP but is true of all stocks that are traded in multiple currencies. Are the shares of stock that I own in dollars worth less than the shares that are valued in pounds?
