Arbitrage for Models

This blog is certainly not the appropriate place to discuss the profession of modelling. However, news on the BBC News site here shows that even models have began to understand that differences in currency are worthy of consideration while negotiating pay. Gisele Bundchen is reportedly the highest earning model and having opted to negotiate contracts in Euros as opposed to US dollars is in the present circumstances demonstration of sensible economics. It is consistent with rational behaviour in covering future income by pricing in the currency that increases purchasing power. That's a pretty smart model who thinks in the same waves as Warren Buffet.