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The dollar continues to be weak—but not uniformly—and its purchasing power varies widely around the world.
What a Martini Will Cost You in . . .
Paris $26
London $22
Geneva/Rome $16
New York $15
Tokyo $14
Sydney $12
Seoul/Toronto $11
Hong Kong $10
Mexico City $9
Shanghai/Warsaw $8
Buenos Aires $7
Cape Town $5
Percent Change in Value of Global Currencies Versus the Dollar
| CURRENCY | FEBRUARY 23, 2004-FEBRUARY 23, 2005 | PROJECTED FEBRUARY 23, 2005-DECEMBER 31, 2005 |
| Polish Zloty | 30.05% | 4.70% |
| South Korean Won | 17.63% | 0.30% |
| South African Rand | 14.65% | -1.21% |
| Swiss Franc | 8.03% | 4.27% |
| Japanese Yen | 3.37% | 4.76% |
| Chinese Yuan* | 0.00% | 7.00% |
| Euro | 5.26% | 1.52% |
| Canadian Dollar | 7.39% | -1.61% |
| Australian Dollar | 1.87% | 2.53% |
| British Pound | 2.19% | 0.00% |
| Hong Kong Dollar | -0.30% | 0.00% |
| Argentine Peso | -0.34% | -4.10% |
| Mexican Peso | -0.41% | -7.21% |
Source: J.P. Morgan Securities Ltd.
*The Chinese yuan has historically been pegged to the dollar, but analysts expect China to sever the link this year.
T+L Martini Index based on March 2005 average price of a house gin martini from a minimum of three luxury hotels in each city.
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