Dollar Vs Pound question?

Question

when was the last time the dollar was near the pound, as in one pound equalling one dollar?

Answer 1

Equal one pound? As far back as I could see, it appears never. But the closest? That year was 1985.

77.925 pounds per dollar exchange rate.

FYI. The worst post WWII was in 1948 and probably worse after Black Tuesday. But until I find more info online, this should suffice. Any way the exchange rate in 1948 was 24.914 pounds per US dollar exchange. The lowest from 1948 to present.

Also FYI Scott, from 1976-1978 and from 1982 to present the pound has been LESS than twice the value of the dollar. Granted, a strong trend, but ALWAYS been twice (or more) as much is wrong. Just thought you might want to know.

Answer 2

I actual have a distinctive attitude: you will argue that the USD replaced into artificially sturdy over the final 15 years, and is now lower back to parity relative to the Pound. look on the GBP/USD expenditures interior the 80s, and you will see the conversion interior the 2s. some motives the USD replaced into artificially sturdy for the time of the final 15 years: No different countries have been seen secure-havens aside from the U.S.-- Japan replaced into on the slide interior the 90s, and each physique needed to attend to work out what occurs with Europe and the ecu. U.S. bonds have been incredibly well-known. The tech improve/information superhighway replaced into in certainty all U.S.-- to purchase the tech products and positioned funds into tech agencies, FX had to visit the U.S. making the $$ greater suitable. the united kingdom financial device isn't any greater suitable than the U. S., the forex would not have a sturdy dating to the potential of the financial device. It has greater to do with furnish/call for, inflation expectancies, commerce deficits, expenditures of interest. Oil shouldn't play a extensive place from the point of view of the particular purchase of Oil-- OPEC makes use of USD because of the fact the time-honored forex to sell oil. yet what does count is what those countries do with their reserves. Many commodity wealthy countries are diversifying their reserves now and finding out to purchase the Pound and Euro.- using up call for for those currencies, thus the decline interior the USD. The Fed reserve controls expenditures of interest, and expenditures of interest interior the U.S. is low, despite the fact that it is low for the time of the international now...- shouldn't count very plenty between the U.S. and ecu. Inflation will inpact the two the U.S. and Erope an identical- lower back shouldn't count plenty.. some have self belief that the forex peg of the chinese language forex to the USD is the clarification that the USD is depreciating relative to the Pound- i won't be able to see the logic in that.

Answer 3

Never.

Answer 4

u got to do sum heroin