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I suppose "Euro falls to historic low against dollar" might have sufficed as a headline, but highlighting the relative values and the 1:1 threshold that was cro

by smcl 4y ago

I suppose "Euro falls to historic low against dollar" might have sufficed as a headline, but highlighting the relative values and the 1:1 threshold that was crossed (no matter how abstract it technically is) could help more readers connect with the story a bit more

detaro 4y ago
Doesn't "historic low" mean "lowest it ever was in history"? That's not the case (yet).
- formerly_proven 4y ago
  Interestingly the Google exchange rate chart has historical rates for EUR/USD going back to 1982. Wonder where those numbers are coming from...
  - deleted 4y ago
    [deleted]
  - pridkett 4y ago
    The Euro had two predecessors (kinda) - the European Unit of Account and the European Currency Unit. They weren’t day to day currencies, but they were used for things like cross-border bonds. The EUA was originally defined to be one dollar worth of gold back in the gold standard days. Each transition saw a 1:1 conversion with fluctuation - usually to benefit the EUA/ECU/Euro - along the way.
  - littlestymaar 4y ago
    ECU[1] I'd guess [1]: https://en.wikipedia.org/wiki/European_Currency_Unit https://en.wikipedia.org/wiki/European_Currency_Unit
    - madcaptenor 4y ago
      And it turns out that the reason a Euro is roughly a dollar is because it's the successor to the ECU, which was the successor to something called the European Unit of Account, which was originally defined to be a dollar's worth of gold. (I figured this out when I went down a Wikipedia rabbit hole last month: https://gottwurfelt.com/2022/07/16/why-is-a-euro-close-to-a-dollar/ https://gottwurfelt.com/2022/07/16/why-is-a-euro-close-to-a-...
  - dismantlethesun 4y ago
    I think they mixed up the 90s and the 80s, since the Euro should date back to the agreement signed in 1992.
- smcl 4y ago
  I checked the EURUSD rate on Yahoo Finance, selected "MAX" for the date range, saw that it started @ 2004 which sounded about right. But thinking now I guess it launched a couple years prior and could easily have been lower back then. https://finance.yahoo.com/chart/EURUSD%3DX#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 https://finance.yahoo.com/chart/EURUSD%3DX#eyJpbnRlcnZhbCI6I...
- CRConrad 4y ago
  > Doesn't "historic low" mean "lowest it ever was in history"? No, not AFAICS. Because if that were so, then "this historic event" could only mean one single event, the most historic event ever. That's obviously nonsense; there are / have been many historic events. And if there can be many of those, there can also be at least several historic lows.

by smcl 4y ago

detaro 4y ago

Doesn't "historic low" mean "lowest it ever was in history"? That's not the case (yet).

formerly_proven 4y ago
Interestingly the Google exchange rate chart has historical rates for EUR/USD going back to 1982. Wonder where those numbers are coming from...
- deleted 4y ago
  [deleted]
- pridkett 4y ago
  The Euro had two predecessors (kinda) - the European Unit of Account and the European Currency Unit. They weren’t day to day currencies, but they were used for things like cross-border bonds. The EUA was originally defined to be one dollar worth of gold back in the gold standard days. Each transition saw a 1:1 conversion with fluctuation - usually to benefit the EUA/ECU/Euro - along the way.
- littlestymaar 4y ago
  ECU[1] I'd guess [1]: https://en.wikipedia.org/wiki/European_Currency_Unit https://en.wikipedia.org/wiki/European_Currency_Unit
  - madcaptenor 4y ago
    And it turns out that the reason a Euro is roughly a dollar is because it's the successor to the ECU, which was the successor to something called the European Unit of Account, which was originally defined to be a dollar's worth of gold. (I figured this out when I went down a Wikipedia rabbit hole last month: https://gottwurfelt.com/2022/07/16/why-is-a-euro-close-to-a-dollar/ https://gottwurfelt.com/2022/07/16/why-is-a-euro-close-to-a-...
- dismantlethesun 4y ago
  I think they mixed up the 90s and the 80s, since the Euro should date back to the agreement signed in 1992.
smcl 4y ago
I checked the EURUSD rate on Yahoo Finance, selected "MAX" for the date range, saw that it started @ 2004 which sounded about right. But thinking now I guess it launched a couple years prior and could easily have been lower back then. https://finance.yahoo.com/chart/EURUSD%3DX#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 https://finance.yahoo.com/chart/EURUSD%3DX#eyJpbnRlcnZhbCI6I...
CRConrad 4y ago
> Doesn't "historic low" mean "lowest it ever was in history"? No, not AFAICS. Because if that were so, then "this historic event" could only mean one single event, the most historic event ever. That's obviously nonsense; there are / have been many historic events. And if there can be many of those, there can also be at least several historic lows.