Quote:
Originally posted by Dalai lama
1,40 ?

dude this shit is a fucking hell
|
I did some quick research to find out how bad it could get... One of the worst times for the $'s value outside the US was the early 1970s with the oil crisis.
The EU currency didn't exist then but GBP did of course. So going on the current conversion rates from GBP to EU I worked out what the $ would be worth in EU's if they existed and were the same conversion rate from GBP to EU's today. For the rates for the 9th of Nov. 1971. It came out as 1 EU would buy you 1.72 USD (or if you prefer $1 would get you 0.58 EU). All figures apx of course as the EU didn't exist then.
If anyones interested that's equivalent to 1 GBP = 2.49 USD or 1 USD gets you 40 UK pence.
I guess we have a little way to go yet with an EU currently buying 1.29 - but if it goes there that will be very "interesting"... That wasn't the worst either - it's just one I picked from that time because it was todays date and a bad year.
People ought to have contingency for this just in case... since this appears to be Bush's "policy".
So I guess given all the above I'd probably either go to the US and spend the 50k having a good time or investing in something over there... or cash it in and take a hit on the bad conversion on the assumption it could get plenty worse yet and probably will...
DISCLAIMER: Apologies if any of my math is wrong but I don't think it is. Sources for conversions: Oanda's FXHistory.