this post was submitted on 23 Oct 2023
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Expensive thoughts (endlesstalk.org)
submitted 1 year ago by AlbinJose3487@endlesstalk.org to c/memes@lemmy.ml
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[–] EveryMuffinIsNowEncrypted@lemmy.blahaj.zone 7 points 1 year ago* (last edited 1 year ago)

FUN FACT(S) :D

I did some research and this is what I found:

  • According to this StackExchange thread, the phrase "penny for your thoughts" originated no later than in England in 1562.
  • According to the Bank of England, £ 1 (pre-decimal) equates to approximately £ 386.21 in 2023 September.
  • According to XE.com, £ 1 at mid-market rates on 2023-09-30 was worth approximately $ 1.219 97.
  • So, considering there were 240 pence in a pound in 1562, that means that 1 p in 1562 would in fact be approximately equal to $ 1.96 on 2023-09-30.

 

Conclusion: taken literally, it would nowadays be around 196 pennies for your thought! ^_^