It was set at $4.03 (which is why the slang for 5/- was a dollar and 2/6 or half-a-crown was half a dollar) in 1940, dropped to $2.80 in 1949 & $2.40 in 1967 and then allowed to 'float' in the early 1970s ...
Alan Lloyd
Schaumburg, Illinois, U.S.A.
>
\r?\n> Today's Topics:
\r?\n> 15. Re: Brooks Saddles (John Betmanis)
\r?\n>
\r?\n> Date: Sun, 16 Nov 2008 11:06:28 -0500
\r?\n> From: John Betmanis <johnb@oxford.net>
\r?\n> Subject: Re: [CR]Brooks Saddles
\r?\n> Message: 15
\r?\n>
\r?\n> I remember when the pound was worth 3 dollars for decades.
\r?\n> That was back when Great Britain was still a major manufacturer
\r?\n> of cars, motorcycles and bicycles.
\r?\n>
\r?\n> John Betmanis
\r?\n> Woodstock, Ontario
\r?\n> Canada