(This is a repost from somewhere else pls dont dogpile on me)

  • Kairos@lemmy.today
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    26 days ago

    This is meaningless. Currencies have different baselines. Western dollars, euros, and pounds happen to have roughly the same value.

    • Krono@lemmy.today
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      26 days ago

      Right, it’s more about how the baseline changes over time.

      10 years ago, ~14 pesos would trade for 1 USD.

      Today, ~1400 pesos trade for 1 USD.