why is the british pound vauled more than the US dollar?

Question

i need dis fa a project datz due 2morrow 12-15-06

Answer 1

Please talk to your English teacher first.
The British pound is high because we in the USA are spending all our money on wars. We are becoming dirt poor.

Answer 2

See Wikipedia etc for a little history. As they are two separate currencies from two different countries with two entirely different origins in history, there is absolutely no reason to expect the currencies to be the same value. It is a mere coincidence that they are as close in value as they are. (Consider the US dollar being worth over 100 times the Yen).

But FYI the pound was originally defined in England as equal to one pound of silver. Hundreds of years later on another continent another country created the Dollar and defined it as equal to a certain small amount of gold. Over the centuries things have evolved and the countries have de-linked money from metal. A century ago a Brit Pound = 4 USD, but the currencies have fluctuated since then with the dollar getting stronger compared with the pound.

Answer 3

It is because the US Dollar continues to enjoy preference among world currencies as a medium of transaction in International Trade. But the position is changing rapidly and the Jap Yen aqnd other strong currencies like the Euro are fast gaining ground vis a vis the $.

Answer 4

It always has been. Even back in the early sixties when a dollar would still buy something, the pound was worth around $2.75. More or less depending on where you were. Australia, was different from New Zealand and then different from Tasmania. Always within that range though. I know going into Canada now our buck is worth more than theirs.