The £ to $ Exchange Rate Is At A 2 Year High

The £ to $ Exchange Rate Is At A 2 Year High - Why?

Рет қаралды 13,632

Күн бұрын

Пікірлер: 99

@jauneetbrun 4 ай бұрын

In the beginning, 1 GB Pound used to be worth one pound of Sterling Silver, and 35 US Dollars was worth 1 ounce of gold.

@johnlabus7359 4 ай бұрын

Not so much anymore! 😂

@ninny65 4 ай бұрын

It's just denominations, it's not like normal people would have 35 dollars in their pocket in the 1800s like they do today

@InsanitiesBrother 4 ай бұрын

I'd rather have semiconductor tech than a bag of silver coins... Saying that, I do collect silver coins.

@mrfoodarama 4 ай бұрын

@@jauneetbrun Thank goodness the central banks have controlled inflation so well 💸🤑

@lennonkelly-james2693 4 ай бұрын

That sounds like a lot until you realise a pound was also worth around that much demestically.

@Npwn 4 ай бұрын

Thanks for this, I run a UK company online where my suppliers are all Chinese, we settle invoices in USD. Not really followed the exhange rate in a while till this popped up on my feed This rate change means I can get more stock for my money, result! Thanks for sharing

@MRPUNK20 4 ай бұрын

rookie mistake (i do not run a company)

@ian_wallace 4 ай бұрын

Stronger pound = Imports are cheap, but exports are expensive

@anonymousperson26223 4 ай бұрын

@@ian_wallace SPICED - Strong Pound Imports Cheaper Exports Dearer

@FakenameStevens 4 ай бұрын

Didn't follow the pound to yuan or dollar exchange rates where all your suppliers are Chinese and invoices are in USD? Do you know how influential those are if all your suppliers are foreign? It's not a matter of just buying their currencies and stuff, you need to know what's valued against what.

@ian_wallace 4 ай бұрын

@@FakenameStevens wtf are you even talking about lol. If Currency A is stronger than Currency B then it makes Country A able to import goods from Country B a lot cheaper, since Country B are accustomed to lower prices in Country A's terms. For example: In Uganda, a bag of coffee might cost 100,000 Ugandan Shillings = ($20), which is an expensive price for the typical Ugandan who earns 1,500,000 shillings a month ($350), whereas in the UK the average salary is $3000 (12,500,000 Ugandan Shillings), which makes the $20 bag from Uganda extremely cheap for the average consumer. This is just an example obviously but the general golden law of exchanges and fundamental economics is that Strong Currency = Cheap Imports but Expensive Exports, and Weak Currency = Expensive Imports but Cheap Exports.

@jauneetbrun 4 ай бұрын

The pound was once worth twice as much as today. 1 GB Pound was worth 2.60 US Dollars in 1972.

@ibx2cat 4 ай бұрын

it was worth around 4 in WW2

@Hasanaljadid 4 ай бұрын

@TenFrenchMathematiciansInACoatAfter Plaza accord pound become as strong as 1.82 USD per pound then Again continued to fall Against dollar

@mustafaaniladanir 4 ай бұрын

Don’t need to go that far back it was worth over 2$ in 2008

@auldfouter8661 4 ай бұрын

@@ibx2cat Hence a half crown used to called ( slangily) half a dollar.

@auldfouter8661 4 ай бұрын

Yes but UK had 25% inflation in 1975/76 under Labour and the USA had much less inflation so the currencies had to adjust for that.

@Mars2304-t7h 4 ай бұрын

toycat is one of those sri lankan and indian youtubers explaining ecomomics for when you are studying now?

@gentuxable 4 ай бұрын

Especially at 9:30 when he says the Swiss Franc is no longer stable but actually a USD got you 1.40 Francs in the early 2000s before the crash and now 0.84 Francs shows rather that the Swiss Franc has been more stable than the USD in my book...

@RichardMontgomeryYT 4 ай бұрын

His grandma was Sri Lankan he basically is one of those youtubers

@Mars2304-t7h 4 ай бұрын

@@RichardMontgomeryYT that’s what I’m getting at

@Nooticus 4 ай бұрын

literally so true

@SlyRoapa 4 ай бұрын

2 years ago was the KamiKwasi crash, where the pound dropped to about 1.03 US dollars. The rise since then is pretty much just reversion to the mean.

@gotham61 4 ай бұрын

I'm old enough to remember when it was it was $2.80 to the UKP.

@notohkae 4 ай бұрын

toycat knows what he's doing, getting that high cpm

@Mutantdogfangs 4 ай бұрын

I love these second channel vids lol. You’re so knowledgeable, i just feel smarter after every vid 🤣

@mrfoodarama 4 ай бұрын

Easier for countries to pay their debt with cheaper (devalued) currency also

@ayoCC 4 ай бұрын

hmm so person X earns money in dollars, he has 100 dollars, but lets say the value stays the same. He invests into a business in country B, there, the money loses value every month. lets say the exchange rate starts at 1:1, he borrows 100 imaginary Liro, if he pays it off immediately he'd pay 100 dollars, but after a year, the exchange rate is already 1:100, so whatever he borrowed can be paid back by a single dollar. So i guess a high inflation is a good time for foreign investment? I guess there's probably other reasons wy it's not always turning out that way

@magicjack4076 4 ай бұрын

Tell that to Japan

@ayoCC 4 ай бұрын

@@magicjack4076 ohh buying up foreign currency reserves when the exchange rate is high, and buying back local currency when it's low, so you can use the profits and idk, governemnr debt is paid out over time so that profit cant even be used to lower the debt. Maybe just don't take on new debt

@ciaranReal 4 ай бұрын

in 1851 £1 was worth $10. Lets make the pound the world reserve currency lads

@Lemon10.5 4 ай бұрын

Hell yeah!!!

@lordomacron3719 4 ай бұрын

As a Brit who buys anime figures from Japan I am getting nearly double for my GBP against the Yen, than I was 10 years ago. That certainly helps balance out the customs taxes I have to pay when they get here. (And they generally spend more time sitting in customs here in UK than it took to ship it from Japan. Parcel Force do like to take their time it feels like.)

@imperfectsinger8 4 ай бұрын

I live in Lower Earley! (Pronounced the same as 'early'.) I do most of my shopping at the exact Asda you mentioned!

@ibx2cat 4 ай бұрын

I bet you'd start shopping in Mexico if the pound keeps going up in value, though

@Joebilly15684 4 ай бұрын

@@ibx2catgive me politics

@gotham61 4 ай бұрын

The statement @ 3.11 "I've got some fun plans with some dongs, let me tell you" is subject to misinterpretation.

@a.balazs4413 4 ай бұрын

I’m loving the number of new videos coming out like daily 😍

@Dh540 4 ай бұрын

Waking up to a new ibx2cat video is the best way to wake up

@ibx2cat 4 ай бұрын

You've been subscribed for 7 years!?

@bobspianosbffl 4 ай бұрын

3.09 trillion market cap in 2024 Nvidia fell off

@kamitsu2352 4 ай бұрын

whoa, the pound ISNT doing bad? insane

@ibx2cat 4 ай бұрын

on a decade to decade level it's still bad, just doing relatively well for the 2016 to now era

@lynx_x4541 4 ай бұрын

This video made me happy:)

@Arathreas 4 ай бұрын

9:26 You made a major mistake here. The chart showed How many franks you get per US Dollar. The exact opposite of what you said. It shows how the dollar got weaker, not that the frank got weaker. Check the M2 money supply of the major currencies. Switzerland is shredding massive amounts of Franks. It's by far the best currency to hold at the moment, which is why I'm investing into swiss frank denominated assets right now. Oh and at 9:44 you literally showed something that proved your previous claim wrong xD +7.7% over the US Dollar.

@donwald3436 4 ай бұрын

lol I remember when the GBP used to be worth two dollars, you're celebrating nothing.

@ibx2cat 4 ай бұрын

it used to be worth 4 in WW2!

@MasterNick7412 3 ай бұрын

Youre celebrating being old. I celebrate being young. When i get to your crusty age, ill celebrate being old too. But i wont be telling people they celebrate nothing :)

@ninny65 4 ай бұрын

2 year high isn't as amazing as it sounds tho, maybe if it got to 5 or 10 it'll be somewhat of a better situation. We have to remember, the pound has been falling against the dollar since 2007, which was 17 years ago

@auldfouter8661 4 ай бұрын

It was over $1.40 for about a year around 2021 when the dollar was weak, so it hasn't fallen all the time.

@Jtking3000 4 ай бұрын

It's been falling way longer than that.

@jnyYT 4 ай бұрын

I got distracted while doing some practice work for economics at college, I watched this video and then went back after only to see one of the questions was asking for the pound to dollar exchange rate, thanks toycat for helping with my work 😊

@stephen_ne8406 4 ай бұрын

ibx2cat loves Vietnamese dongs

@ibx2cat 4 ай бұрын

I love how many you can get if you're willing to give a few pounds

@Nooticus 4 ай бұрын

im not interested in economics at all but yet loved this video. you're a gem toycat

@korwin_to_wolnosc 4 ай бұрын

Great video 😸

@Doggiedogedog 4 ай бұрын

Just as my main job provides for me in usd. But then again uk wages haven’t changed in 30 years

@TheOne_6 4 ай бұрын

we are getting stronger 💪 💷

@AdamSmith-et7tw 4 ай бұрын

Bro this is like the 5th video of urs I’ve watched and you zoom in on exactly where I live. Big up Lower Earley (pronounced early btw)

@ibx2cat 4 ай бұрын

is the Asda there nice?

@JKAV_76 4 ай бұрын

I'd say ww1, adjusting our currency to have equals to trade with has really inflated some heads

@Connie_TinuityError 4 ай бұрын

Still nowhere near as good as what it used to be.

@Lynnpjjbdndji 4 ай бұрын

Because the grown up are incharge !!!!

@bUwUmer1260 4 ай бұрын

Its to screw me on my english vacation next month

@jamesmiller2521 4 ай бұрын

Why? Because things can only get better

@reedc18 4 ай бұрын

Explaining with currency representing gold would have been easier... even though cash no longer represents gold.

@danmarsh5949 4 ай бұрын

Isn't a "dram" slang for a shot of liquor? I think I'd need a lot of drams if I lived in Armenia.

@Jtking3000 4 ай бұрын

*checks comments* Huh, no remoaners whining in the comments anymore

@trueriver1950 4 ай бұрын

Just remoanermoaners regretting the demise of the remoaners.

@erz5386 4 ай бұрын

Such a cute ending.but i don't rlly care ;)

@gentuxable 4 ай бұрын

If the currency has a lower value, it's making it very easy to be a millionaire!

@clockssugars5074 4 ай бұрын

good video but is boy tweaking

@charliebramley 3 ай бұрын

9:45 armenia?!

@diorocks5858 4 ай бұрын

Fed was expected to Tapper but has not, all crosses have gained against the greenback. Your wrong about the Yen as its a carry trade currency. 108 by 3rd qtr. 2025. Euro at 1.4 this year by December.

@dylanscaife7470 4 ай бұрын

im from Earley 13:55 hahhaha so funny

@Recraw7 4 ай бұрын

cute video although I am a financial professional and this is mostly NOT why the currencies are moving. The answer is central banks. cute video though again

@pipercharms7374 4 ай бұрын

I’m trying to understand exchange rates and I watched this video yet still don’t understand it 😂

@RichardMontgomeryYT 4 ай бұрын

You must be a bit thick then

@syproductions456 3 ай бұрын

No. The reason the pound is gaining against the dollar is simply because it hit a decades old low. Essentially the pound was on a massive sale, this makes it a very attractive buy for speculators as it's very likely to appreciate in value once it hits a major low.