Looking at the exchange rates, the £ has dropped quite a lot. Surely America/Canada are suffering too because of the Russian conflict, so in theory, the rates ought to balance out.
Just seems because of this crises, Britain has taken a much harder knock compared to other countries.
I was intrigued by your query so had a look at the historical values of the GBP since 2019. Today (right now) it's $1.31 vs the dollar and €1.19 vs the Euro.
On the same day in 2021 it was at $1.39 & €1.16. In 2020 on the same day it was at $1.17 & €1.08 and on the 18th March 2019 it was $1.32 & €1.16, so whilst there have obviously been fluctuations, I see nothing to suggest that the good old pound is suffering from nothing more than the usual movements in it's value.
You have to go back to 2014 to see a big difference vs the dollar ($1.65) but the Euro has remained at pretty much a similar rate throughout, with the odd peaks and troughs excepted.
Who the fuck is General Failure and why is he reading my harddisk?
BillyDWhizz wrote: ↑Fri Mar 18, 2022 1:58 pm
I was intrigued by your query so had a look at the historical values of the GBP since 2019. Today (right now) it's $1.31 vs the dollar and €1.19 vs the Euro.
On the same day in 2021 it was at $1.39 & €1.16. In 2020 on the same day it was at $1.17 & €1.08 and on the 18th March 2019 it was $1.32 & €1.16, so whilst there have obviously been fluctuations, I see nothing to suggest that the good old pound is suffering from nothing more than the usual movements in it's value.
You have to go back to 2014 to see a big difference vs the dollar ($1.65) but the Euro has remained at pretty much a similar rate throughout, with the odd peaks and troughs excepted.
As of today the £ has dropped further again. So far the $ Canadian/ £ Pound has averaged 1.73 to 1.75. So 1.658 at the moment.
Noni wrote: ↑Thu Mar 17, 2022 10:20 pm
Looking at the exchange rates, the £ has dropped quite a lot. Surely America/Canada are suffering too because of the Russian conflict, so in theory, the rates ought to balance out.
Just seems because of this crises, Britain has taken a much harder knock compared to other countries.
Much smaller economy than the U S/ China/ EEC bloc. High levels of debt, both personal and governmental. Interest rates too low relative to inflation.
In May 2000 £1 pound bought 1.75 Euros. Today it buys 1.20. Likewise some years ago when I was in the States the pound bought almost 2 dollars. Today's exchange rate is 1.32.
Why Is There Only One Monopolies Commission. Isn't That A Monopoly?
Noni wrote: ↑Wed Mar 23, 2022 1:13 am
The £ is slowly rising from the Canadian Dollar....
Last Sunday was 1.65
Today ended at 1.669
On average the exchange rate hovers around 1.73
Spent 2 weeks in Fort Erie,. Ontario way, way back (1989). If memory serves at the time the exchange rate was a good bit over 2 Canadian dollars to the pound.
Back when the Euro launched I was working for an international financial services company and had the opportunity of choosing between flinking my pension to the Euro or the Pound. I chose the Euro at the then rate of 1.43 Euros to the pound. At first it looked as if I'd done the wrong thing but by the time I took early retirement (2009) my pension value was up about 18% on what it would have been had I gone for the pound.
One of my better decisions that one.
Why Is There Only One Monopolies Commission. Isn't That A Monopoly?
So far the $ Canadian/ £ Pound has averaged 1.73 to 1.75. So 1.658 at the moment.
