Beer Arbitrage

Via Skimpy‘s Google Reader Shared Items, I have discovered this wonderful website: pintprice.com. It’s the wikipedia of beer prices. Users e-mail in the price of a pint of beer wherever they live or travel, and the data are updated down to city level. The listed price of a pint in Bombay, for instance, is USD 1.82 – which is accurate enough.

The website also lists the ten cheapest, and the ten most expensive countries in the world for a beer. What’s really interesting is that in Rwanda, a pint is only 0.32 GBP, while in neighbouring Burundi, it’s at least three times more – 0.94 GBP in Bujumbura, and a whopping GBP 5.51 in Burundi City.

Imagine the arbitrage opportunity at the border! This, I feel, is the future of finance – FX traders carrying yen will be replaced by beer traders carrying Urgwagwa.