Wednesday, April 30, 2008

Dollar's tumble


At the beginning of President Clinton's last year of office, the euro and the dollar were nearly at par, and the Australian, Canadian, and Swiss currencies were each worth about 2/3 of a dollar. Now, after eight years of misrule by He-Who-Must-Not-Be-Named, the euro is worth nearly $1.60, and the Australian, Canadian and Swiss currencies are nearly at par with the dollar. (The Japanese economy had its own problems during this time period.)


Change in value of dollar in terms of other currencies,

2000-2008

Currency Jan. 2000 Jan. 2008
Australian $ US$0.66 US$0.94
Canadian $ 0.69 0.99
U.K. £ 1.62 1.99
Swiss franc 0.64 0.97
Euro € 1.03 1.56
Japanese ¥ 0.0098 0.0096
Singapore $ 0.60 1.36

Cynics may suspect that this worthless post has been merely a pretext for its author to experiment with using HTML to construct tables. They might be on to something.

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