--- title: "Meaning & Key Takeaway of: From now on, the pound abroad is worth 14…" description: "\"From now on, the pound abroad is worth 14 per cent or so less in terms of other currencies. That doesn't mean, of course, that the Pound here in Britai..." image: "https://sms4smile.com/quotes/i/3dc/harold-wilson-15220_britain_from-now-on-the-pound-abroad-is-worth-14_3020268.jpg" --- # From now on, the pound abroad is worth 14 per cent or so… ![“From now on, the pound abroad is worth 14 per cent or so less in terms of other currencies. That doesn't mean, of course, that the Pound here in Britain, in your pocket or purse or in your bank, has been devalued.” quote by Harold Wilson](https://sms4smile.com/quotes/i/3dc/harold-wilson-15220_britain_from-now-on-the-pound-abroad-is-worth-14_3020268.jpg) [Download](https://sms4smile.com/quotes/i/3dc/harold-wilson-15220_britain_from-now-on-the-pound-abroad-is-worth-14_3020268.jpg) [Open image](https://sms4smile.com/quotes/i/3dc/harold-wilson-15220_britain_from-now-on-the-pound-abroad-is-worth-14_3020268.jpg) > “From now on, the pound abroad is worth 14 per cent or so less in terms of other currencies. That doesn't mean, of course, that the Pound here in Britain, in your pocket or purse or in your bank, has been devalued.” [Harold Wilson](https://sms4smile.com/quotes/author/harold-wilson/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The pound’s foreign exchange rate fell about 14%, but domestic purchasing power stayed unchanged. **In simple terms:** Currency fell abroad, not at home. Key Takeaway Recognize the difference between exchange rates and domestic value. Themes economics currency inflation policy exchange rates Mood analytical neutral Type economic informative When to use this quote - Travel budgeting - import pricing - investment decisions - salary negotiations Key Concepts Purchasing power parity market perception monetary policy Questions to Reflect On - How does a weaker pound abroad affect your travel plans? - Do you feel inflation at home? A Different Perspective Exchange rates can fluctuate without affecting everyday costs. ★ ★ ★ ★ ★ No ratings yet [Abroad Worth](https://sms4smile.com/quotes/about/abroad-worth-1480220/) [Britain](https://sms4smile.com/quotes/about/britain/) [Cents](https://sms4smile.com/quotes/about/cents/) [Courses](https://sms4smile.com/quotes/about/courses/) [Currencies](https://sms4smile.com/quotes/about/currencies-370557/) [Currencies Doesn](https://sms4smile.com/quotes/about/currencies-doesn-4885589/) [Currency](https://sms4smile.com/quotes/about/currency/) [Has beens](https://sms4smile.com/quotes/about/has-beens/) [Mean](https://sms4smile.com/quotes/about/mean/) [Pockets](https://sms4smile.com/quotes/about/pockets/) [Pound Abroad](https://sms4smile.com/quotes/about/pound-abroad-4885587/) [Pound Britain](https://sms4smile.com/quotes/about/pound-britain-4885588/) [Pounds](https://sms4smile.com/quotes/about/pounds/) [Purses](https://sms4smile.com/quotes/about/purses/) [Term](https://sms4smile.com/quotes/about/term/) ## Related quotes > [The great and recurrent question about Abroad is, is it worth the trouble of getting there?](https://sms4smile.com/quotes/rose-macaulay/the-great-and-recurrent-question-about-abroad-is-is-it-worth-the/) [Rose Macaulay](https://sms4smile.com/quotes/author/rose-macaulay/) > [As far as income goes, there are three currencies in the world; most people ignore two. The three currencies are time, income and mobility,…](https://sms4smile.com/quotes/tim-ferriss/as-far-as-income-goes-there-are-three-currencies-in-the-world-most/) [Tim Ferriss](https://sms4smile.com/quotes/author/tim-ferriss/) > [We saw for a time that digital currencies were radioactive to banks, but that's not the case anymore.](https://sms4smile.com/quotes/chris-larsen/we-saw-for-a-time-that-digital-currencies-were-radioactive-to-banks/) [Chris Larsen](https://sms4smile.com/quotes/author/chris-larsen/) > [Governments have a tendency to screw up currencies.](https://sms4smile.com/quotes/rick-harrison/governments-have-a-tendency-to-screw-up-currencies/) [Rick Harrison](https://sms4smile.com/quotes/author/rick-harrison/) > [Many people at different levels of the Russian government are open to crypto-currencies.](https://sms4smile.com/quotes/vitalik-buterin/many-people-at-different-levels-of-the-russian-government-are-open-to/) [Vitalik Buterin](https://sms4smile.com/quotes/author/vitalik-buterin/) > [That's probably good, all things being equal, for emerging markets, not bad, even though it may not be great for all their currencies.](https://sms4smile.com/quotes/jamie-dimon/that-s-probably-good-all-things-being-equal-for-emerging-markets-not/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [A dollar vigilante is a free market individual who protests the government monopoly and financial policies, such as fractional reserve banking and unbacked fiat…](https://sms4smile.com/quotes/jeff-berwick/a-dollar-vigilante-is-a-free-market-individual-who-protests-the/) [Jeff Berwick](https://sms4smile.com/quotes/author/jeff-berwick/) > [People say it's a Ponzi scheme, it's a bubble. People really don't want to take it seriously. At some point, that narrative will shift…](https://sms4smile.com/quotes/cameron-winklevoss/people-say-it-s-a-ponzi-scheme-it-s-a-bubble-people-really-don-t-want/) [Cameron Winklevoss](https://sms4smile.com/quotes/author/cameron-winklevoss/) > [Manipulating currencies is when you're going into the marketplace and buying something in large amounts to depress the value of the currency.](https://sms4smile.com/quotes/jamie-dimon/manipulating-currencies-is-when-you-re-going-into-the-marketplace-and/) [Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/) > [I think fiat currencies will become digital.](https://sms4smile.com/quotes/tyler-winklevoss/i-think-fiat-currencies-will-become-digital/) [Tyler Winklevoss](https://sms4smile.com/quotes/author/tyler-winklevoss/) > [The government is very much open when it comes to digital currencies.](https://sms4smile.com/quotes/anurag-thakur/the-government-is-very-much-open-when-it-comes-to-digital-currencies/) [Anurag Thakur](https://sms4smile.com/quotes/author/anurag-thakur/) > [We have a government that purposely counterfeits and debases the currencies, and I believe that the alternative would be a competition. That means that…](https://sms4smile.com/quotes/ron-paul/we-have-a-government-that-purposely-counterfeits-and-debases-the/) [Ron Paul](https://sms4smile.com/quotes/author/ron-paul/) > [Information and knowledge: two currencies that have never gone out of style.](https://sms4smile.com/quotes/neil-gaiman/information-and-knowledge-two-currencies-that-have-never-gone-out-of/) [Neil Gaiman](https://sms4smile.com/quotes/author/neil-gaiman/) > [We had other currencies that we could find work in - the currencies of movements: passion, spirit, creativity.](https://sms4smile.com/quotes/bill-mckibben/we-had-other-currencies-that-we-could-find-work-in-the-currencies-of/) [Bill McKibben](https://sms4smile.com/quotes/author/bill-mckibben/) > [“Banks used to issue their own currencies. 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