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Devaluation
grizzly1911
Posts: 9,965 Forumite
Just to cheer you all up at this time of year.
Posted this response as a reply to another thread elsewhere about how the GBP has devalued since 1/2008.
"http://www.oanda.com/currency/historical-rates/
1/2008 -/todate
USD 1.965/1.56 21%
CNY14.26/9.9 31%
EURO 1.34/1.18 12%
Taiwan Dollar 63.83/46.71 27%
Swiss Franc 2.18/1.46 33% - just out of interest as I like it there, it was over 3.0 when I first went:(
Edit:- AUSD -32%, NZD -20%, Gold -60%, JYEN -43%
Not surprised at the euro as we are in the EU mess but I don't think we buy many tyres from them.
It is another reason for fuel being high with light crude being roughly the same now as 2008 at 95/105USD/barrel level. Edit - Petrol rose form 90p to 107 rapidly 2007/2008 from which it has increased to 134 or +25%.
http://www.staveleyhead.co.uk/utilities/petrol-prices/"
Merry Christmas.:p
Posted this response as a reply to another thread elsewhere about how the GBP has devalued since 1/2008.
"http://www.oanda.com/currency/historical-rates/
1/2008 -/todate
USD 1.965/1.56 21%
CNY14.26/9.9 31%
EURO 1.34/1.18 12%
Taiwan Dollar 63.83/46.71 27%
Swiss Franc 2.18/1.46 33% - just out of interest as I like it there, it was over 3.0 when I first went:(
Edit:- AUSD -32%, NZD -20%, Gold -60%, JYEN -43%
Not surprised at the euro as we are in the EU mess but I don't think we buy many tyres from them.
It is another reason for fuel being high with light crude being roughly the same now as 2008 at 95/105USD/barrel level. Edit - Petrol rose form 90p to 107 rapidly 2007/2008 from which it has increased to 134 or +25%.
http://www.staveleyhead.co.uk/utilities/petrol-prices/"
Merry Christmas.:p
"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham
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