Monday, October 12, 2009


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:

The Scudder said...

So, it's Zimbabwe for hols this year then :)