NETWRK@HARVARDA.HARVARD.EDU (Steve Thornton) (02/19/91)
Joe Garvey, in message <1991Feb16.205454.21893@johnny5.uucp> says >I'm sorry, I don't beleive this. 1400 pounds cannot equal 2800 US dollars. >I don't have the financial section handy, but ... >That would mean 1 pound = .5 US dollar. Last I remember it was more >like 1 dollar = 1.35 pounds (I can actual remember a time when it was over >2 pounds to the dollar). Assuming I'm some where in the ball park (+/- 30 >cents)... Then 1400 pounds "= 1037 US dollars. Sorry, Joe, you're completely upside down on this. From the Boston Sunday Globe, February 17: "British pound = $1.9740". It's been around this level for some time now, since the recession started impacting currency rates. It was in fact over $2.00 for a spell. I don't believe the pound (or quid, or 100 pence) ever reached parity with the dollar, although it was pretty close for a while. Certainly never anywhere near 2 pounds to the dollar. Until the currency rates went kerflooey in the 1970s the pound was always right around $3.50; before that, up until the Depression era it was always $5.00. 1400 pounds is indeed 2800 dollars. Your arithmetic isn't even right.