US dollar records low value and high value the same day

By | January 22, 2009

The 21st January 2009 was an historic day for the US dollar. It hit a 23 year record high value against the British Pound the same day and a 13 year (or probably 13 and half years) record low value against the Japanese yen; and these were seen the same day.

The trading in the international market is in a highly volatile state; and these things are very common to take place in such conditions. But record hike against one foreign currency and record low against another, are not as common.

But the good thing here is that both these records did not sustain even till the end of the day.

According to the sources, the British-pound sank as low as $1.3618 at one instance. This is the lowest point recorded ever since September of 1985. At the same time the dollar fell to 87.10 at one instance which is the lowest recorded point since July 1995.

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