Essentially, a British pound used to cost almost $2 U.S. dollars to get, and now it costs less than $1.50.Translation: Time to start my Christmas shopping! :P
14 November 2008
An upside to the economic meltdown
This graph from Yahoo! Finance shows how much value the British Pound has lost is comparison to the U.S. Dollar over only the last three months:
Essentially, a British pound used to cost almost $2 U.S. dollars to get, and now it costs less than $1.50.
Translation: Time to start my Christmas shopping! :P
Essentially, a British pound used to cost almost $2 U.S. dollars to get, and now it costs less than $1.50.Translation: Time to start my Christmas shopping! :P
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4 comments:
Thank GOD. :)
I hear what you're saying!! I was looking at the pound compared to the dollar and the euro (one of Will's friends is going to be doing a teaching program in England and mentioned how bad the rate was), and it was horrible. The exchange rate between the euro and the dollar has evened out some more too, I just checked it and it's .788 euro per dollar, versus the .745 euro per dollar when I got here. Thank God for small miracles!!
Looks like good news, but there's something negative in this too.
The fall of the Pound means that the inflation rate soars, because the price of imported goods gets higher and higher... on an almost daily basis. And there's nothing worse than imported inflation, because it's not coming from economic growth...
It would be interesting to see how much this imported inflation compensates the alleged improved power of foreign currencies.
Chances are that it ends up being more harmful to our wallets... :(
boo. I was there just before it started going down and spent ENTIRELY too much. ~alas~
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