Unnecessarily Precise Foreign Currency Equivalent

24 October 2014

The Straits Times carried this headline:


The British police had agreed to pay a woman £425,000, according to The Guardian and BBC News.

In its report, The Straits Times presented the Singapore dollar equivalent of £425,000 with far too much precision, using an exchange rate of £1=$2.04164. Given that exchange rates fluctuate by the second, it would have been more than sufficient for its readers to know that £425,000 was equivalent to approximately S$868,000, or even $870,000. Would the slight imprecision matter to anyone in Singapore?

In any case, The Straits Times should have left the conversion to its readers, who would soon be able to do foreign exchange conversion mentally with ease (at least those who bother to find out),

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