kraftiekortie wrote:
I stand corrected, DeepHour.
I believe it was about 5 to 1 for most of the early part of the 20th century.
It's good to be precise.
Can't work out whether your comment is intended to be ironic or not, but it
is good to be precise anyway!
The US Dollar was at about 4:1 vis a vis the Pound for most of the first half of the 20th Century.
But there was a massive devaluation by the Atlee government in 1949, and another by the Wilson govt in 1967. Since the introduction of floating exchange rates in the early 1970s, the Pound has drifted even lower, so that the rate is now 1.56:1.
A Mars Bar is now about 60 pence, by the way!