Currency devaluation calculator
When a currency falls, how much more do imports cost, what are your savings worth abroad, and how much harder is a foreign currency debt to repay? Free, no sign-up, nothing leaves your browser.
The starting numbers are the UK's 1967 devaluation of the pound, from 2.80 to 2.40 US dollars. Enter any two rates to compare. Real prices also depend on what sellers choose to pass on.
Devaluation vs depreciation
Devaluation is an official decision to lower a fixed or managed exchange rate. Depreciation is when a floating currency falls because of the market. The effect on prices is similar, but the cause is different. For example, the UK devalued the pound in 1967, cutting its fixed rate from 2.80 to 2.40 US dollars.
What it means for people and businesses
Imported goods and foreign travel get more expensive, and exporters may sell more because their prices fall abroad. Debts owed in foreign currency become harder to repay, and savings held in the local currency buy less abroad.
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