197 1 year-1978

197 1 On August 5th, 2008, due to the continuous depreciation of the US dollar, then US President Nixon was forced to announce the suspension of the fixed exchange rate between the US dollar and gold (1 ounce of gold = US$ 35) and impose an import tax rate of 10%, which was called the "Nixon shock". With the sharp depreciation of the US dollar, the fixed exchange rate of the Japanese yen against the US dollar fluctuated, ranging from 360 to 306.

1February, 973, the yen officially changed from a fixed exchange rate system to a floating exchange rate system. Subsequently, the yen continued to appreciate against the US dollar. By the close of 1978, the exchange rate had risen from 1 to 194.3, with a cumulative appreciation of 85.28% in seven years.

1985 After the Plaza Agreement,

1985 In September, the yen fluctuated between 250- 1 against the US dollar. The Plaza Agreement came into effect less than three months ago, and quickly appreciated to around 200 1, an increase of 20%. 1986 further appreciated to 152+0 and 1987 in late trading, with the highest value reaching 120+ 1.

2. Deutsche mark against the dollar

From 1949 to 1960, due to the Bretton Woods system, everyone's exchange rate was relatively stable, basically around 0.238 1 Deutsche Mark, and then fine-tuned to 0.26.

Since 7 1, the Bretton Woods system has been abandoned, but the exchange rate between the mark and the dollar is fixed and has not changed much.

In 73-79, the German mark appreciated, from 0.4438+032 to 0.5464 in 73.

/kloc-began to depreciate to 0.3448 after 0/985.