Extra precision: Currency edition


I have commented before on the phenomenon where changing units turns an obviously approximate number into a weirdly precise one. Here is a new example, from the Guardian’s disturbing report on the mass slaughter of donkeys for the use of their hides in traditional Chinese medicine:

Since the booming skin trade has driven up donkey prices, owners struggle to replace their animals when they are stolen. The cost of a donkey in Kenya increased from £78 to £156 between 2016-19.

£78 seems like an oddly precise figure for what is surely a very diverse market in animals of varying qualities. Even weirder is that that precise figure precisely doubled in the period under consideration. Then it occurred to me, at current exchange rates £78 is about what you get when you convert the round number of US$100. So I’m going to hazard a guess that the reporter was told that the price had risen from around $100 to around $200, and simply converted it to pounds for the UK market without further comment.

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