How the pound has fallen

I mentioned in my editor’s letter this week (here for subscribers: Why the pound is so weak) that one of the most overlooked factors affecting the performance of the UK economy in the last five years has been the collapse of our currency against pretty much every other serious currency in the world and the inflation that has caused.

I mentioned a few of the currencies that have soared against sterling – Singapore dollar is up 59%; the Brunei dollar 53%; the Canadian dollar 46%; the New Zealand dollar 43%; the Thai baht 42%; the euro 23%; and the US dollar 21%.

But I think that some of you might be interested to see the full extent of the sterling rout. The third column shows you how much the currency has risen, in percentage terms, against sterling since 17 January 2007.

Any currencies denoted in red (see the very bottom of the list) have fallen against the pound. There are very few of them and those that there are, are not ones it is really much of a triumph to have outperformed. Think the Syrian pound and the Argentinian peso.

All Countries (per GBP)   1/17/07 –
10/17/12
1 Day 1 Mth 3 Mth 6 Mth
Gold XAU 237.4 -0.23 -0.15 6.99 4.47
Silver XAG 213.86 -0.24 -3.07 16.9 2.48
Palladium XPD 130.83 0.05 -5.06 6.67 -4.4
Japanese Yen JPY 87.01 0 0.64 -2.63 1.29
Papua New Guinea Kina PGK 79.32 -0.23 0.45 -3.75 -2.13
Platinum XPT 75.35 0.14 -0.38 12.85 2.64
Swiss Franc CHF 64.77 0.06 1.08 2.58 -2.25
Australian Dollar AUD 59.98 0.11 -0.95 -3.11 -2.14
Singapore Dollar SGD 53.99 -0.11 1.15 0.31 1.08
Brunei Dollar BND 53.99 -0.09 1.13 0.37 1.03
Chinese Renminbi CNY 51.7 -0.08 1.65 -1.22 -0.64
Colombian Peso COP 50.87 -0.23 0.61 -4.09 -3
Peruvian New Sol PEN 50.56 -0.23 1.4 -1.61 1.45
Uruguayan Peso UYU 49.37 -0.23 5.55 4.83 -3.98
Laotian Kip LAK 49.15 0.44 0.9 -2.27 -0.83
Canadian Dollar CAD 45.02 -0.21 -0.56 -0.55 -1.01
Philippine Peso PHP 44.67 0.11 1.59 -1.86 2.1
Paraguay Guarani PYG 43.79 -0.23 0.58 -4.32 -3.78
New Zealand Dollar NZD 43.79 0.04 -0.56 -0.84 -1.94
Slovakian Koruna SKK 43.3 0.13 0.54 3.3 -1.57
West Samoan Tala WST 42.34 -0.34 -0.48 -2.32 -1.86
Thai Baht Onshore THO 42.29 -0.13 1.26 0.07 -0.84
Thai Baht THB 42.25 -0.16 1.26 0.01 -0.87
Bolivian Boliviano BOB 41.14 -0.23 2.09 -3.06 -1.39
Malaysian Ringgit MYR 40.7 0.3 1.01 1.02 -0.41
Chilean Peso CLP 39.99 -0.23 0.39 0.46 1.09
Tonga Pa’anga TOP 39.43 -0.33 -1.48 -2.84 -2.75
Norwegian Krone NOK 39.08 0.01 1.61 4.26 0.39
Czech Koruna CZK 38.84 0.26 -0.42 5.29 -1.66
Taiwanese Dollar TWD 36.98 -0.05 1.01 -0.5 -0.34
NEW IRAQI DINAR NID 36.92 -0.23 0.64 -3.06 -1.39
Azerbaijani Manat AZN 35.8 -0.25 0.61 -3 -1.22
Israeli Shekel ILS 35.7 0.15 3.12 1.7 -2.56
Solomon Islands Dollar SBD 31.48 -0.19 0.47 -3.18 -1.55
Moldovan Leu MDL 30.57 -0.03 2.34 -1.26 -4.76
Swedish Krona SEK 29.76 -0.05 0.28 2.28 1.19
Mauritian Rupee MUR 28.79 -0.71 -1.32 -2.35 -6.5
Brazilian Real BRL 28.01 -0.23 0.56 -3.63 -9.76
Costa Rican Colon CRC 26.93 -0.35 0.65 -2.78 -0.2
IMF Special Drawing Rights XDR 26.14 -0.23 0.19 -0.7 -1.39
Georgian Lari GEL 26 -0.08 0.03 -3.35 -2.76
Kuwaiti Dinar KWD 25.7 -0.07 0.55 -2.74 -2.23
Libyan Dinar LYD 25.59 -0.23 1.49 -0.93 -1.35
Cambodian Riel KHR 23.81 0.28 1.68 -0.94 -1.45
Latvian Lats LVL 23.77 0.13 0.52 3.27 -1.22
Estonian Kroon EEK 23.53 0.13 0.54 3.3 -1.57
Euro EUR 23.53 0.14 0.52 3.31 -1.57
Irish Punt IEP 23.53 0.13 0.55 3.3 -1.56
French Franc FRF 23.53 0.13 0.54 3.3 -1.56
Italian Lira ITL 23.53 0.13 0.54 3.3 -1.57
Austrian Schilling ATS 23.53 0.13 0.54 3.3 -1.57
Andorran Peseta ADP 23.53 0.13 0.54 3.3 -1.57
Spanish Peseta ESP 23.53 0.13 0.54 3.3 -1.57
Belgian Franc BEF 23.53 0.13 0.54 3.3 -1.57
Luxembourg Franc LUF 23.53 0.13 0.54 3.3 -1.57
Greek Drachma GRD 23.53 0.13 0.54 3.3 -1.57
Portuguese Escudo PTE 23.53 0.13 0.54 3.3 -1.57
Finnish Markka FIM 23.52 0.13 0.54 3.3 -1.57
Netherlands (Dutch) Guilder NLG 23.52 0.13 0.54 3.3 -1.57
German Mark DEM 23.52 0.13 0.54 3.3 -1.57
Lithuanian Litas LTL 23.51 0.13 0.52 3.3 -1.58
Bulgarian Lev BGN 23.43 0.13 0.51 3.29 -1.59
Slovenian Tolar SIT 23.42 0.13 0.54 3.3 -1.57
Danish Krone DKK 23.42 0.13 0.46 3.05 -1.84
Bosnia & Herzegovinan Marka BAM 23.39 0.12 0.56 3.34 -1.61
French Polynesian Franc XPF 23.31 0.13 0.56 3.34 -1.6
Cape Verde Escudo CVE 23.28 -0.23 0.33 4.22 -2.03
CFA Franc BEAC XAF 23.12 -0.1 0.34 3.11 -1.83
Moroccan Dirham MAD 23.05 0.01 0.51 2.08 -1.58
CFA FRANC BCEAO XOF 22.89 -0.28 0.15 2.92 -2
Hong Kong Dollar HKD 22.81 -0.24 0.64 -3 -1.3
Lebanese Pound LBP 22.8 -0.1 0.77 -3.09 -1.26
Macau Pataca MOP 22.79 -0.24 0.64 -3 -1.3
Jordanian Dinar JOD 22.23 -0.2 0.95 -2.72 -1.19
El Salvador Colon SVC 22.05 -0.23 0.67 -3.06 -1.39
Saudi Riyal SAR 22 -0.23 0.64 -3.06 -1.38
Qatari Riyal QAR 22 -0.23 0.66 -3.05 -1.37
Bahraini Dinar BHD 21.99 -0.22 0.64 -3.06 -1.39
United States Dollar USD 21.98 -0.23 0.64 -3.06 -1.39
Bermudian Dollar BMD 21.98 -0.23 0.64 -3.06 -1.39
Ecuadorean Sucre ECS 21.98 -0.23 0.64 -3.06 -1.39
Panamanian Balboa PAB 21.98 -0.23 0.64 -3.06 -1.39
Aruban Guilder AWG 21.98 -0.23 0.64 -3.06 -1.39
Cuban Peso CUP 21.98 -0.23 0.64 -3.06 -1.39
Netherlands Antillean Guilder ANG 21.98 -0.23 0.64 -3.06 -1.39
Djiboutian Franc DJF 21.98 -0.23 0.64 -3.06 -1.39
Eritrean Nakfa ERN 21.98 -0.23 0.64 -3.06 -1.39
EAST CARIBBEAN DOLLAR XCD 21.98 -0.23 0.64 -3.06 -1.39
Cayman Islands Dollar KYD 21.98 -0.23 0.64 -3.06 -1.39
Omani Rial OMR 21.98 -0.23 0.59 -3.05 -1.39
UAE Dirham AED 21.98 -0.23 0.64 -3.06 -1.39
Guyanese Dollar GYD 21.92 -0.23 2.39 -3.06 -1.04
Macedonian Denar MKD 21.72 -0.23 4.74 0.42 -2.33
Croatian Kuna HRK 20.9 -0.03 -1.49 2.65 -2.07
Belizean Dollar BZD 20.76 0.27 -4.42 -7.37 -5.18
Trinidad & Tobago Dollar TTD 20.65 -0.23 0.17 -3.81 -1.54
Guatemalan Quetzal GTQ 18.33 -0.23 1.9 -3.99 -2.81
Polish Zloty PLN 17.27 -0.17 0.61 5 0.17
Honduras Lempira HNL 17 -0.23 0.15 -6.23 -4.62
Madagascar Ariary MGA 16.08 0.09 1.14 1.12 -5.12
Indonesian Rupiah IDR 15.75 -0.31 -0.85 -4.57 -5.82
Afghanistan Afghani AFN 14.2 -0.59 -2.4 -6.63 -7.4
Egyptian Pound EGP 13.91 -0.29 0.4 -3.68 -2.42
Haitian Gourde HTG 12.87 0.39 1.03 -2.76 -3.51
Yemeni Rial YER 12.84 -0.23 0.64 -2.95 -1.27
Hungarian Forint HUF 11.89 -0.45 1.93 5.87 4.26
Albanian Lek ALL 10.66 0.22 0 2.48 -1.32
Mozambique New Metical MZN 9.95 -0.92 -0.16 -6.46 -5.3
Mauritanian Ouguiya MRO 9.93 -0.23 1.31 -4.19 -4.34
Algerian Dinar DZD 9.77 0.05 0.28 -1.2 -6.96
Armenian Dram AMD 9.24 -0.11 0.82 -2.07 -5.2
Rwandan Franc RWF 7.15 -0.26 -0.79 -4.96 -4.36
Bangladesh Taka BDT 5.39 -0.17 1.34 -2.38 -0.7
Russian Ruble RUB 5.18 -0.01 -0.01 2.08 -5.63
Mexican Peso MXN 3.99 -0.3 0.08 -0.68 0.64
Somali Shilling SOS 3.5 -0.23 0.61 -3.06 -1.39
South Korean Won KRW 3.38 -0.08 1.58 0.28 1.73
Tunisian Dinar TND 3.05 -0.06 0.55 0.96 -3.73
Sri Lankan Rupee LKR 3 -0.31 3.14 0.73 -1.58
Dominican Republic Peso DOP 2.95 -1.03 -0.17 -4.51 -3.18
Mongolian Tugrik MNT 2.76 -0.45 1.29 -6.07 -6.34
Liberian Dollar LRD 2.75 -0.23 1.31 -0.17 -1.64
Angolan Kwanza AOA 2.6 -0.35 0.6 -3.13 -1.52
Gambian Dalasi GMD 2.14 -2.73 -1.75 -9.5 -12.26
Nepalese Rupee NPR 1.89 0.07 5.49 1.29 -3.77
Indian Rupee INR 1.79 -0.36 2.64 0.9 -4.12
Bhutan Ngultrum BTN 1.79 -0.36 2.64 0.9 -4.12
Suriname Dollar SRD 1.47 -0.23 0.64 -3.06 -1.39
Maldives Rufiyaa MVR 1.39 -0.68 0.05 -3.31 -1.77
Kazakhstan Tenge KZT 1.31 -0.14 0.15 -3.48 -3.24
Kenyan Shilling KES 0.46 -0.17 0.4 -4.14 -3.48
South African Rand ZAR 0.36 -0.42 -4.53 -9.08 -11.57
Lesotho Loti LSL 0.36 -0.42 -4.53 -9.08 -11.57
Namibian Dollar NAD 0.36 -0.42 -4.53 -9.08 -11.57
Swaziland Lilangeni SZL 0.36 -0.42 -4.53 -9.08 -11.57
Gibraltar Pound GIP 0 0 0 0 0
Falkland Islands Pound FKP 0 0 0 0 0
ST. HELENA POUND SHP 0 0 0 0 0
Kyrgyzstan Som KGS -0.18 -0.23 0.21 -2.9 -2.42
Nigerian Naira NGN -0.78 -0.39 0.81 -1.39 -1.34
Tanzanian Shilling TZS -0.84 -0.51 0.26 -2.66 -0.73
Zambian Kwacha ZMK -1.06 -1.36 -3.59 -9.26 -0.99
Guinean Franc GNF -3.04 -0.23 3.52 -0.29 -0.05
Turkish Lira TRY -3.38 -0.22 0.38 -2.96 -2.2
Vietnamese Dong VND -6.13 -0.23 0.66 -3.06 -1.51
Syrian Pound SYP -6.48 0.4 -0.93 -8.37 -16.81
Nicaraguan Cordoba NIO -7.57 0.06 0.5 -3.95 -3.47
Iranian Rial IRR -7.89 0.39 0.89 -2.54 -0.77
Romanian Leu RON -8.28 0.21 -1.21 2.95 -5.81
Jamaican Dollar JMD -8.39 -0.23 0.13 -4.33 -4.5
Serbian Dinar RSD -11.19 0.08 4.48 8.52 -1.92
Tajikistani Somoni TJS -12.11 -0.23 0.65 -3.04 -1.5
Ugandan Shilling UGX -13.71 0.06 -2.48 -7.19 -3.97
Sierra Leone Leone SLL -16.46 -0.23 0.66 -3.1 -1.11
Burundi Franc BIF -17.01 -0.46 -0.44 -5.32 -7.84
Argentine Peso ARS -20.29 -0.23 -0.16 -6.32 -7.96
Pakistani Rupee PKR -22.13 -0.26 -0.22 -4.02 -6.23
Uzbekistani Soum UZS -22.28 -0.23 -0.34 -6.62 -6.48
Ukrainian Hryvnia UAH -24.39 -0.29 0.16 -3.84 -3.07
Congolese Franc CDF -29.42 -0.26 0.68 -2.89 -0.62
Iceland Krona ISK -29.9 -0.05 -0.18 0.09 2.32
Venezuelan Bolivar Fuerte VEF -39.01 -0.23 0.64 -3.06 -1.39
New Ghana Cedi GHS -40.22 -0.18 1.12 0.46 -5.02
Ethiopian Birr ETB -40.36 -0.25 0.26 -4.17 -4.6
Malawian Kwacha MWK -41.88 0.58 -0.87 -10.37 -44.09
New Sudanese Pound SDG -44.19 0.22 1.1 -2.62 -39.64
Seychelles Rupee SCR -44.27 0.15 -0.16 11 5.75
Sao Tome & Principe Dobra STD -57.72 -3.33 -1.89 -0.8 -5.65
Myanmar Kyat MMK -99.08 0.41 2.82 0.45 -4.41