History Main / RidiculousExchangeRates

24th Sep '17 3:36:06 AM RobTan
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** In one of the Halloween episodes, Homer attempts to smuggle souvenirs out of an unidentified Middle Eastern country without paying export duties. When he is caught, he is surrounded by armed policemen who demand he pay a fine "... of ''two'' American dollars!"
18th Sep '17 8:36:48 PM Ferot_Dreadnaught
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* {{Invoked}} and then {{Averted}} in an episode of ''Series/{{JAG}}''. Harm ends up in a fender bender caused by a beautiful Italian girl, who doesn't want any legal trouble and offers him several thousand Lira (in the form of a wad of cash) as compensation. Harm [[GenreSavvy points out]] that she's offering him less than twenty dollars. It's only later that Harm learns she is [[FourStarBadass Admiral Chegwidden's]] daughter, of course.

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* {{Invoked}} and then {{Averted}} in an episode of ''Series/{{JAG}}''. Harm ends up in a fender bender caused by a beautiful Italian girl, who doesn't want any legal trouble and offers him several thousand Lira (in the form of a wad of cash) as compensation. Harm [[GenreSavvy points out]] out that she's offering him less than twenty dollars. It's only later that Harm learns she is [[FourStarBadass Admiral Chegwidden's]] daughter, of course.
16th Sep '17 2:20:40 AM DrOO7
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* ''Series/{{Seinfeld}}''. The well-meaning Kramer takes a trip of Japanese tourists all over the city, not realizing that their several thousand yen is only a few hundred US dollars. Sure enough, they run out of money very quickly.
** In another episode, he and Jerry go to Italy and he's aghast at Jerry paying the taxi driver several thousand lira, again not realizing that it's only a few American dollars.
15th Sep '17 11:51:48 AM MarqFJA
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** In ''TabletopGame/Warhammer'', the Border Principalities have known for their unstability and consequently any currency issued by them is viewed as worthless.

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** In ''TabletopGame/Warhammer'', ''TabletopGame/{{Warhammer}}'', the Border Principalities have known for their unstability and consequently any currency issued by them is viewed as worthless.
9th Sep '17 8:17:50 AM Arcorann
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* After some ''[[ArtisticLicenseEconomics really stupid]]'' decisions by the managers of ''VideoGame/GaiaOnline'', namely the creation of an insane quantity of [[MoneySpider gold generators]], the amount of gold accrued without any adequate GoldSink, making the prices soar (see [[http://gaia.wikia.com/wiki/Inflation here]]).

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* After some ''[[ArtisticLicenseEconomics really stupid]]'' decisions by the managers of ''VideoGame/GaiaOnline'', ''Website/GaiaOnline'', namely the creation of an insane quantity of [[MoneySpider gold generators]], the amount of gold accrued without any adequate GoldSink, making the prices soar (see [[http://gaia.wikia.com/wiki/Inflation [[http://knowyourmeme.com/memes/events/hyperinflation-in-gaia-online here]]).



* Zimbabwe's [[http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe hyperinflation]].

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* Zimbabwe's [[http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe hyperinflation]].hyperinflation]], which set the record for the most number of zeroes on a banknote when they released a [[http://en.wikipedia.org/wiki/File:Zimbabwe_$100_trillion_2009_Obverse.jpg 100 trillion-dollar]] bill in 2009 -- and this was after two revaluations that cut a total of 13 zeroes from the currency.



* During the 1997 Asian Currency/Financial Crisis, the Indonesian ''rupiah'' was devalued to the point that Indonesian students pulling part-time jobs in [=McDonald's=] could go home after a few week's work and trade in those Singaporean Dollars for millions of rupiah. ''Work in Singapore in a cheap job, go home and be a millionaire.''
** This hasn't changed much. In October 2009, a million rupiah is worth about US $106.
** The exchange rate is deceptive, however. While the rate is cartoonishly steep, it is stable, and actually has moved sharply in the rupiah's favor over the past year. If you happened to spend the last year and a half working in Indonesia and getting paid in US dollars, you basically took a 7% pay cut.

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* During the 1997 Asian Currency/Financial Crisis, the Indonesian ''rupiah'' was devalued to the point that Indonesian students pulling part-time jobs in [=McDonald's=] could go home after a few week's work and trade in those Singaporean Dollars for millions of rupiah. ''Work in Singapore in a cheap job, go home and be a millionaire.''
** This hasn't changed much. In October 2009, a million rupiah
'' As of 2017, the exchange rate is worth about US $106.
around 13,300 IDR per USD.
** The exchange rate is deceptive, however. While the rate is cartoonishly steep, it is stable, and actually has having barely moved sharply in the rupiah's favor over the past year. If you happened to spend the last year and a half working in Indonesia and getting paid in US dollars, you basically took a 7% pay cut.for most of 2017.



** The North Korean [[http://en.wikipedia.org/wiki/North_Korean_won Won]] lost even more value in 2009, largely due to the ill-advised financial reform that ignored ''all'' knowledge about how money works, even in a socialist command economy. Long story short, the government revalued the Won, chopping the two zeroes off it, but at the same time it instituted huge wage hikes to illustrate the nation's "prosperity". This would inflate the currency even in the most strictly controlled planned economy, but North Korea actually has a huge and poorly controlled black market, where normal economic mechanisms are at work, so the new Won dropped almost to the pre-reform value basically overnight.
*** The North Korean government knew exactly what it was doing with that. It was trying to destroy the life savings of much of the population and eliminate any illusion financial independence from the system. It worked fairly well, at first, allowing them to say they did something about the black marketing. It was never intended to work for any longer than that.

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** The North Korean [[http://en.wikipedia.org/wiki/North_Korean_won Won]] lost even more value in 2009, largely due to the ill-advised financial reform that ignored ''all'' knowledge about how money works, even in a socialist command economy. Long story short, the government revalued the Won, chopping the two zeroes off it, but at the same time it instituted huge wage hikes to illustrate the nation's "prosperity". This would inflate the currency even in the most strictly controlled planned economy, but North Korea actually has a huge and poorly controlled black market, where normal economic mechanisms are at work, so the new Won dropped almost to the pre-reform value basically overnight.
*** The
overnight. However, it's possible the North Korean government knew exactly what it was doing with that. It was trying that, aiming to destroy the life savings of much of the population and eliminate any illusion financial independence from the system. It worked fairly well, at first, allowing them to say they did something about the black marketing. It was would never have been intended to work for any longer than that.



* 1940s China was not a politically stable place (what with the Communists, the Nationalists, and various warlords vying for power depending on the location, and sometimes there was ''no'' standing government at all) and the currency suffered as a result.
** Smart Chinese businessmen took payment in gold, silver (there's still plenty of Qing era ingots left), or opium.

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* 1940s China was not a politically stable place (what with the Communists, the Nationalists, and various warlords vying for power depending on the location, and sometimes there was ''no'' standing government at all) and the currency suffered as a result.
**
result. Smart Chinese businessmen took payment in gold, silver (there's still plenty of Qing era ingots left), or opium.



* The early-90s Yugoslav dinar ([[http://commons.wikimedia.org/wiki/File:500000000000_dinars.jpg image]]) holds the record for the most zeroes printed on a banknote.
** That is until Zimbabwe created a 10 trillion Zimbabwean dollar bill in mid-January 2009.
*** And a [[http://en.wikipedia.org/wiki/File:Zimbabwe_$100_trillion_2009_Obverse.jpg 100 trillion-dollar]] bill a couple months later.

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* The early-90s Yugoslav dinar ([[http://commons.wikimedia.org/wiki/File:500000000000_dinars.jpg image]]) holds once held the record for the most zeroes printed on a banknote.
** That is until
banknote, before Zimbabwe created a 10 trillion Zimbabwean dollar bill broke it in mid-January 2009.
*** And a [[http://en.wikipedia.org/wiki/File:Zimbabwe_$100_trillion_2009_Obverse.jpg 100 trillion-dollar]] bill a couple months later.
2009.



* On October 2016, the Venezuelan bolivar is undergoing an inflation around ''700%'', and some predict, for the next year, a ''minimum rate'' of at least '''1500%'''.

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* On October 2016, the Venezuelan bolivar is undergoing an inflation around ''700%'', and some predict, for the next year, a ''minimum rate'' of at least '''1500%'''. By September 2017 the bolivar was past 20,000 per USD.
28th Aug '17 4:28:04 PM GrammarNavi
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* A show called ''GoodnessGraciousMe'' (about Indian immigrants in Britain) included "The Six Million Rupee Man".
** "We can rebuild him. We have the technology: we just don't have the ideal exchange rate."

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* A show called ''GoodnessGraciousMe'' ''Radio/GoodnessGraciousMe'' (about Indian immigrants in Britain) included "The Six Million Rupee Man".
** --> "We can rebuild him. We have the technology: we just don't have the ideal exchange rate."
25th Aug '17 6:36:49 PM nombretomado
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** [[TheNewRussia 1990s Russia]] was hit by this again, though not as hard. The prices grew from rubles to hundreds thousands rubles in some years after the fall of the Soviet Union. This time, the revaluation in 1998 proved to be relatively stable, with the copecks still (barely) in use. An early 1990s attempt to reintroduce local scrip (the "Ural franc") failed miserably.

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** [[TheNewRussia [[UsefulNotes/TheNewRussia 1990s Russia]] was hit by this again, though not as hard. The prices grew from rubles to hundreds thousands rubles in some years after the fall of the Soviet Union. This time, the revaluation in 1998 proved to be relatively stable, with the copecks still (barely) in use. An early 1990s attempt to reintroduce local scrip (the "Ural franc") failed miserably.
15th Jul '17 10:12:32 AM nombretomado
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* Prior to WorldWarII, the Japanese Yen was worth around $12 in current (2009) U.S. currency, but faced a steep decline during and after. It was set at 360 to the dollar for a long time after the war, but now fluctuates with the market, usually hovering just over $0.01 since a few years ago.

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* Prior to WorldWarII, UsefulNotes/WorldWarII, the Japanese Yen was worth around $12 in current (2009) U.S. currency, but faced a steep decline during and after. It was set at 360 to the dollar for a long time after the war, but now fluctuates with the market, usually hovering just over $0.01 since a few years ago.
8th Jul '17 1:10:00 PM Divra
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** Earlier in the narrative, Nate spends a gold dollar in a tavern, which gets him a quart of whiskey, a room for the night, a cooked breakfast for two and ten paper dollars in change.

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** Earlier in the narrative, Nate spends a gold dollar in a tavern, which gets him a quart of whiskey, a room for the night, a cooked breakfast for two and ten (most importantly in this context) ''ten dollars'' in paper dollars in change.
8th Jul '17 9:39:44 AM nombretomado
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* Of course, these examples pale into comparison with the post-war Hungarian pengő, which experienced the '''single worst example of hyperinflation in history'''. The 100 million B-pengő (i.e. ''100,000,000,000,000,000,000 pengő'') [[http://en.wikipedia.org/wiki/File:HUP_100MB_1946_obverse.jpg note]] is the single highest denomination bill ever issued, according to TheOtherWiki. And that banknote was effectively '''worthless'''. (A 1 milliard B-Pengő note was printed but not issued.) At the height of the hyperinflation, prices doubled in every fifteen hours. To quote one source (''Postwar'' by Tony Judt) "by the time the pengo was replaced by the forint in August 1946 the dollar value of all Hungarian banknotes in circulation was just one-thousandth of one cent."

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* Of course, these examples pale into comparison with the post-war Hungarian pengő, which experienced the '''single worst example of hyperinflation in history'''. The 100 million B-pengő (i.e. ''100,000,000,000,000,000,000 pengő'') [[http://en.wikipedia.org/wiki/File:HUP_100MB_1946_obverse.jpg note]] is the single highest denomination bill ever issued, according to TheOtherWiki.Wiki/TheOtherWiki. And that banknote was effectively '''worthless'''. (A 1 milliard B-Pengő note was printed but not issued.) At the height of the hyperinflation, prices doubled in every fifteen hours. To quote one source (''Postwar'' by Tony Judt) "by the time the pengo was replaced by the forint in August 1946 the dollar value of all Hungarian banknotes in circulation was just one-thousandth of one cent."
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