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by bobjordan 2503 days ago
Great story, thanks for sharing. I for one pretty much constantly live the life he alludes to at my company bomquote.com. In China, we actually negotiate in increments of ~1/6th of a penny.
1 comments
Scoundreller 2503 days ago
Why not a tenth?
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ssalazar 2503 days ago
The yuan-usd exchange rate has floated around 6:1 until recently, with yuan denominated down to 0.01. So possibly that.
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bobjordan 2503 days ago
Nailed it. https://en.wikipedia.org/wiki/Jiao_(currency)
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eecsninja 2502 days ago
Don't you mean fen? https://en.wikipedia.org/wiki/Fen_(currency)

1/6 of a penny is 0.0016 USD, or 0.01 CNY: https://www.google.com/search?q=0.0016+usd+to+cny

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fheld 2503 days ago
I guess the 1/6 comes from a currency conversion
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