Struggling To Make Sense Of Quantitative Easing

Really2

Thrugelmir wrote: »

Funny what we remember. I was thinking along the same lines then I recalled periods of votility. So out of interest I looked up mid point rates on Oanda for the 18th November from 1990-1999.

90 - 1.96
91 - 1.79
92 - 1.52
93 - 1.47
94 - 1.56
95 - 1.54
96 - 1.66
97 - 1.69
98 - 1.67
99 - 1.62

So exchange rates do fluctuate more widely than we recall.

I went to florida in 92, and I think cash exchange was around 1.47 ish. It was still cheap then so anyone who went to the states around 2006 must have been laughing.