FOREX RECORD BREAKING

The biggest foreign exchange trading centre is London, followed by New York and Tokyo.

For Britain the Record high inflation since 1948 was in 1975 RPI, peaking at 26.9% in August. A Record low inflation since 1948 0.6% IN 1959.

Futures on UK interest rates are traded at the Liffe Exchange in London

In June 21 2005 Sweden's central bank cut its key interest rate to a national record low of 1.50 per cent, the first reduction within a major European country in the face of faltering economic growth.

highest valued currencies According to June 2006

No. State Currency Abbreviation Worth in Euro
1 Kuwait Dinar KWD 2.696590
2 Malta Lira MTL 2.329398
3 Bahrain Dinar BHD 2.068578
4 Oman Rial OMR 2.025857
5 Cyprus Pound CYP 1.742690
6 United Kingdom Pound GBP 1.450912
7 Latvia Lat LVL 1.42287
8 Jordan Dinar JOD 1.100711
9 European Union Euro EUR 1 1.282292
10 Cayman Islands Dollar KYD 0.956881
11 USA Dollar USD 0.779854

Least value currency July 1st 2006 Woth in USA$
1 Zimbabwe Dollar † ZWD 101,196
2 Vietnam Ð?ng VND 16,679
3 Laos Kip LAK 10,560
4 Ghana Cedi GHC 9,581
5 Iran Rial IRR 9,565
6 Indonesia Rupiah IDR 9,346
7 São Tomé and Príncipe Dobra STD 7,253
8 Paraguay Guaraní PYG 5,810
9 Turkmenistan Manat TMM 5,200
10 Guinea Franc GNF 4,920

http://www.xe.com/ gives latest up to date information on currency rates.

In economics, hyperinflation is inflation which is "out of control", a condition in which prices increase rapidly as a currency loses its value. No precise definition of hyperinflation is universally accepted. One simple definition requires a monthly inflation rate of 50% or more. In informal usage the term is often applied to much lower rates.

Top 10 Currency Traders % of overall volume, May 2005 Rank Name % of volume
1 Deutsche Bank 17.0
2 UBS 12.5
3 Citigroup 7.5
4 HSBC 6.4
5 Barclays 5.9
6 Merrill Lynch 5.7
7 J.P. Morgan Chase 5.3
8 Goldman Sachs 4.4
9 ABN AMRO 4.2
10 Morgan Stanley 3.9

Top 6 Most Traded Currencies Rank Currency 2005
1 United States dollar USD $
2 Eurozone euro EUR €
3 Japanese yen JPY ¥
4 British pound sterling GBP £
5-6 Swiss franc CHF -
5-6 Australian dollar AUD $

1850-1914 Huge amounts of capital are exported from Britain
Huge amounts of British capital are invested abroad, especially after 1890, in the United States, parts of the British Empire, and Argentina. The total reaches billions of pounds. Britain's later economic problems may be partly due to the neglect of British industry by the banks during this period.

In 1900, it took around 2 tenths of a British £ to buy 1 USA $.

In 1913, it took 5.26 Lire to buy 1 USA Dollar, by 1999, it took around 2000 Lire to buy a USA Dollar.

http://eh.net/hmit/exchangerates/ A website showing exchange rates for different nations throguh history