A British pound cost $2.00 in U.S. dollars in 2008, but $1.27 in U.S. dollars in 2017. a)Was the pound weaker or stronger agains

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lutik1710 [3]

2 years ago

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A British pound cost $2.00 in U.S. dollars in 2008, but $1.27 in U.S. dollars in 2017. a)Was the pound weaker or stronger agains

t the dollar

Mathematics

1 answer:

kicyunya [14] · Answer 1 · 2023-02-19T22:37:21+03:00

The pound was stronger in 2008 against the dollar than in 2017.

The Pound to greenback rate reached a high of $2.649 on the sixth Mar 1972. That remains the most powerful the Pound has been towards USD because it freely floated in 1971.

One might count on that the strongest economies might have the most powerful international currencies; but, that is not always the case. It turns out that lengthy-term movements in forex costs are extra essential than alternate quotes, that's why the British pound is worth extra than the U.S. dollar.

What topics is how the price of that forex adjustments over the years relative to different currencies. Historically, for over 20 years one U.S. dollar has been really worth less than one British pound. As of July 31, 2020, the greenback is sitting around 1.32 to at least one pound. 2 this is down from 1.68 in may additionally 2014 and 1. forty in March 2018.

Learn more about currencies here: brainly.com/question/25970050

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