no money to be made in tennis

Here’s another creative response from crafty alumnus, Sean Trice, WCL/JD ’12:

Based on the following assumptions:

Raffa is from Spain and is on his way back to Spain where his girlfriend also is currently.  Such an assumption reduces his chance of currency fluctuations.
 
Raffa would most likely be paying for the bracelet he sees in the Geneva airport in Euros, the currency of Spain, his presumed home and presumed form of his currency would be that of his home country.
 
Raff likely does not have this many Swiss francs with him, particularly since he only finished playing a charity exhibition match for which he likely did not get paid (which would have likely been in Swiss francs).
 
To make the needed quick decision, since Raffa’s plane is about to take off and there’s no time to find the exchange rate, he could estimate a rough exchange rate based on the cost of the International Herald Tribune which is 1.5 euros for 4 Swiss francs, or an exchange rate of 1 euro:2.67 Swiss francs.  Or conversely .37 euro:1 Swiss franc.  At this rough exchange rate with Raffa paying in euros, Raffa would pay roughly 37,000 euros for the bracelet in the Geneva airport versus the determined price of 40,000 euros for the bracelet in Madrid.  Based on this, the better deal would be to buy the bracelet in Geneva.  
 
There is a financial crisis going on in Madrid, per the facts, which could cause currency valuations to fluctuate which is a risk, though the short flight from Geneva to Madrid would reduce this risk.  There’s risk in the newspaper price not being reflective of the actual exchange rate.  If Raffa will have to pay taxes on the bracelet when he gets to Madrid could also change the picture.  Without all of these facts it’s difficult to be more precise, but based on the facts given, it would be better to buy the bracelet in Geneva.