3 ms·
> When was the last time the currency of a solvent country fell more than 10% within a day? 15 January 2015: https://en.wikipedia.org/wiki/Swiss_franc#End_of_c
by cesarb 9y ago
> When was the last time the currency of a solvent country fell more than 10% within a day?
15 January 2015: https://en.wikipedia.org/wiki/Swiss_franc#End_of_capping https://en.wikipedia.org/wiki/Swiss_franc#End_of_capping the EUR and USD fell more than 20% against the CHF, in a single day.
- paulgb 9y agoThey fell against one currency (CHF), they didn't fall 10% in a general sense (e.g. against a basket of goods or currencies.) If I sell muffins for USD$1 and I raise my price to USD$2, it would be a real stretch to say the USD fell by 50%.