You can't measure value like that during a recession. Whichever way you look at it, QE removed value from those currencies. If I were to rob you, claiming that

You can't measure value like that during a recession. Whichever way you look at it, QE removed value from those currencies. If I were to rob you, claiming that the overall robbery rate was lower that year, so you weren't robbed by others, so your expected losses were lower does not change the fact that I robbed you.