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Paper Currency Volatility: British Pound

British Pound

It went down from 200 in the latter half of 1992 to around 142 in early 1993--a loss of 30% in several months.  Yes, Soros was responsible for that, but what does that mean?  That only means that paper currencies are subject to manipulation.  And look at the drop from the height of 211 in late 2007 to the low of 136 in late 2008--a drop of 36% in a year.  (Charting from stockcharts.com)