Has The British Pound Always Been Worth More Than The Dollar?

However, units of currency that come with strings of zeroes on the end of any meaningful amount do tend to be associated with economies that are (or have been) less than robust. Countries don’t tend to start off with currency units so small that you need a thousand of them to buy anything.

I’m thinking of the Italian lira, which IIRC was running at about 2,500 to the pound when I first visited in the 1990s (There was a 500,000 lira note circulating by the time of the euro’s introduction). Or the old Turkish lira, of which you got about 2 million to the pound before they lopped off six zeroes. Both legacies of rampant inflation.

The French franc, which you mention, was also revalued. The franc that was replaced by the euro was actually equal to 100 pre-1960 francs.