Quote:
Originally Posted by GirlySports
South America's history of rapid inflation cycles is an example.
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I saw the Sucre in Ecuador swing wildly between 1993 and 1994, and it got much worse from there. The peso in Argentina was artificially tied to the US Dollar, and no one could afford new cars there.
https://en.wikipedia.org/wiki/Histor...ntine_currency
https://en.wikipedia.org/wiki/Ecuadorian_sucre
Sucres per U.S. Dollar:
- 2.60 (1917)
- 16-17 (1959-1961)
- 25.00 (1979)
- 2,564.50 (1995)
- 3,189.50 (1996)
- 3,988.30 (1997)
- 5,446.60 (1998)
- 11,786.80 (1999)
- 24,860.70 (January 2000)
- 25,000.00 (at dollarization time)