Talk:Knightsbridge Security Deposit robbery
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[edit] Historical exchange rates
There is probably a standard for this sort of thing, but it seems appropriate to quote the value of the robbery using the exchange rate that applied at the time. Unfortunately, Table of historical exchange rates isn't very complete right now. Using the historical data from forecasts.org it looks like the US-UK exchange rate varied strongly throughout 1987.
The mean exchange rate for 1987 would be UK£1 = US$1.639, giving a value of $66m. An alternative would be to use the exchange rate in July 1987 which would be UK£1 = US$1.609, giving a value of $64m.
It probably doesn't matter much, so I will go with the mean for the year. -- Solipsist 16:20, 10 August 2005 (UTC)
[edit] Inflation Adjusted Form
I think more important is to state the numbers in an inflation adjusted form. This way exchange rate will not be as important (as it depends from inflation) Otherwise largest robberies will be skewed toward more recent dates.--Cigor 17:32, 10 August 2005 (UTC)
- I thought the same thing, but didn't know how to do it. Do we have an economist in the house? I think it is a simple look-up in a table, once you know what table you should be talking about. The same would apply to any other figures in List of famous bank robbers and robberies. -- Solipsist 17:48, 10 August 2005 (UTC)
- this site computes inflation-adjusted values based on historical data. $66 million in 1987 = $111 million in 2005. --
