Currencies and the Current recession

Let's talk about money........

Do you know how much Euros used to be?

1 Eur = RM4 roughly
And now……..
It’s 1Eur = RM 5

Not a big change to you…?

1 GBP used to be RM 6.8
And now….
It’s 1 GBP to Rm 5.5

NOT AMAZING?

1 AUD used to be RM 3.30
And now
1 AUD = RM 2.3!!!

Okay what does that mean?

If you had RM 680k (100K GBP) in your bank, it’s now worth RM 550k. (-130)
If you had RM 660k (200K AUD) in your bank, it’s now worth RM 460k. (-200)

So UK and Australia, who's facing the bigger deficit?