I read this the other day and despite what I consider fairly in-depth economic knowledge and first-hand experience of the recession both at home and in Europe, I was shocked at some of the percentages:
Since the UK banking crisis started in mid-2007, the pounds has fallen by:-
75% versus Japanese yen
50% versus the Czech Koruna
49% versus Swiss Franc
39% versus Singapore Dollar
37% versus Brazilian Real
36% versus Euro
33% versus Australian Dollar
28% versus the Thai Baht
27% versus US Dollar
21% versus South African Rand
21% versus Polish Zloty
4% versus Mexican Peso
It has increased in value versus only the Zimbabwean Dollar ,
Ukrainian Hyrvnia and Icelandic Krona.
These figures represent just 2 years!!!
Still glad we didn't join the Euro when it was brought in???
1 comment:
So, it's Zimbabwe for hols this year then :)
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