Dollar has lost 50% of its value since 2003

These below are the exchange rates in September 2003.

Compare with today's exchange rate of US$ 1.49 per Euro.

A 50% lost of value and if we add an average of 8% increase on prices each year by Manufacturers, it is easy to see why a locomotive today costs as much as it costs.

In the last 7 month, the Dollar has lost almost 20% from 1.28 per Euro to 1.50 now.

Credit card fees also have gone up to 3.9%

XE.com's Currency Update Service writes:

Here is today's Currency Update, a service of XE.com. Please read the
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Rates as of 2003.09.17 20:49:31 UTC (GMT). Base currency is USD.

Currency Unit USD per Unit Units per USD (how many US$ you need to buy one unit)
================================ =================== ===================
USD United States Dollars 1.00000
EUR Euro 1.12865
GBP United Kingdom Pounds 1.60904
CAD Canada Dollars 0.732297
JPY Japan Yen 0.00861816
CHF Switzerland Francs 0.725103
AFA Afghanistan Afghanis 0.0233727
ALL Albania Leke 0.00836960
DZD Algeria Dinars 0.0130743
ARS Argentina Pesos 0.344095
AUD Australia Dollars 0.665288
BSD Bahamas Dollars 1.00000
BBD Barbados Dollars 0.505051
BMD Bermuda Dollars 1.00000
BRL Brazil Reals 0.345168
BGN Bulgaria Leva 0.580047
CLP Chile Pesos 0.00149409
CNY China Yuan Renminbi 0.121117
COP Colombia Pesos 0.000355209
XOF CFA Francs BCEAO 0.00172061
CRC Costa Rica Colones 0.00247084
CYP Cyprus Pounds 1.93813
CZK Czech Republic Koruny 0.0345161
DKK Denmark Kroner 0.151953
XCD East Caribbean Dollars 0.376364
EGP Egypt Pounds 0.163800
FJD Fiji Dollars 0.534147
XAU Gold Ounces 376.500
HKD Hong Kong Dollars 0.128209
HUF Hungary Forint 0.00443280
ISK Iceland Kronur 0.0126930
INR India Rupees 0.0214280
IDR Indonesia Rupiahs 0.000118329
XDR IMF Special Drawing Rights 1.39171
ILS Israel New Shekels 0.224014
JMD Jamaica Dollars 0.0169668
JOD Jordan Dinars 1.41084
KWD Kuwait Dinars 3.36243
LBP Lebanon Pounds 0.000664805
MYR Malaysia Ringgits 0.263123
MTL Malta Liri 2.64723
MXN Mexico Pesos 0.0916321
MAD Morocco Dirhams 0.104573
NZD New Zealand Dollars 0.583734
NGN Nigeria Nairas 0.00768935
NOK Norway Kroner 0.137850
PKR Pakistan Rupees 0.0173943
PHP Philippines Pesos 0.0182083
XPT Platinum Ounces 694.500
PLN Poland Zlotych 0.248697
ROL Romania Lei 0.0000298776
RUR Russia Rubles 0.0327667
SAR Saudi Arabia Riyals 0.267368
XAG Silver Ounces 5.25000
SGD Singapore Dollars 0.570311
SKK Slovakia Koruny 0.0273300
ZAR South Africa Rand 0.135364
KRW South Korea Won 0.000856113
SDD Sudan Dinars 0.00385060
SEK Sweden Kronor 0.124937
TWD Taiwan New Dollars 0.0294377
THB Thailand Baht 0.0246539
TTD Trinidad and Tobago Dollars 0.163425
TRL Turkey Liras 0.0000007280
AED United Arab Emirates Dirhams 0.272991
VEB Venezuela Bolivares 0.000627349
VND Vietnam Dong 0.0000643459

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