[Davie]

I remember when I spent the summer in London back in the mid 1980s and could get one pound for $1.25.

 

[bootman]

Yeah, the US dollar is very weak now.
Good time to buy US products. (if you are overseas)

 

[RYCeT]

Oooopss no outside

How long will this thread last

 

[Bunnyears]

Good time for the US to pay up debt? also good time for Europeans to invest in American stocks. Maybe market will go up? Everything here is a firesale.

 

[raisin]

Quote:

Originally Posted by Davie I remember when I spent the summer in London back in the mid 1980s and could get one pound for $1.25.

Well, I remember spending the summer in England in the early sixty's and the pound was over $2.00 at that time (and then you think that's what it should always be).
It's all a big circle, and then you get off.

 

[ooheadsoo]

I coulda sworn that the pound was pretty near $2 about 8 years ago.

 

[daycart1]

Quote:

Originally Posted by Davie I remember when I spent the summer in London back in the mid 1980s and could get one pound for $1.25.

Being an old guy, I can remember when 1 GBP = 2.80 USD!

 

[Bunnyears]

Quote:

Originally Posted by raisin Well, I remember spending the summer in England in the early sixty's and the pound was over $2.00 at that time (and then you think that's what it should always be). It's all a big circle, and then you get off.

Here's a website that gives you the average yearly exchange rate for the pound from 1948 to 2003.

http://fx.sauder.ubc.ca/etc/GBPpages.pdf

From 1950 through 1966 it stayed very stable at $2.80 per pound sterling.

After 1966 it started to decline. Lowest point was in 1985 at $1.28.

Currencies rise and decline, fact of life and politics!

 

[GoRedwings19]

Well how else am I suppose to buy my grado goodies.......

I think I will wait until the pound=1.95+

then it's time for a wadia to goto the UK....

 

[Bunnyears]

Quote:

Originally Posted by daycart1 Being an old guy, I can remember when 1 GBP = 2.80 USD!

Well, I can read about it!

 

[Davie]

Quote:

Originally Posted by Bunnyears Here's a website that gives you the average yearly exchange rate for the pound from 1948 to 2003. http://fx.sauder.ubc.ca/etc/GBPpages.pdf From 1950 through 1966 it stayed very stable at $2.80 per pound sterling. After 1966 it started to decline. Lowest point was in 1985 at $1.28. Currencies rise and decline, fact of life and politics!

I believe currencies didn't float until about 1970. Before that exchange rates of the major currencies were basically fixed, if I'm not mistaken.

 

[Davie]

Quote:

Originally Posted by RYCeT Oooopss no outside How long will this thread last

This isn't about politics. This is about the *shocking* cost of British import CD's!!!

 

[Captain]

PayPal are giving 2 Dollars to the pound if you convert cash with them.

 

[Bunnyears]

Quote:

Originally Posted by Davie I believe currencies didn't float until about 1970. Before that exchange rates of the major currencies were basically fixed, if I'm not mistaken.

1971 was about when Nixon took US dollar off the gold standard. Until then, the US govt. guaranteed the price of gold at about $36.00 per ounce. The govt. was losing so much money that it was impossible to maintain. That is when the great speculations in the cost of silver and gold began. By 1976 Nelson Bunker Hunt had started trying to "corner the market" in silver, and the price of gold started to fluctuate. I can remember the uproar when the price of 1 ounce of gold reached more than $800 around 1980. It didn't stay there, but it will never be $36 again either.

 

[chadbang]

Tell me about it. I just bought some Pingu toys for my boy. Only place you can find them are in England. I paid $120 for a little plastic playset. Ouch! And paypal adds a bit more to the pain of the exchange rate. Bastards.