'Depreciation' used to be just a term I learnt when studying economics. Now when the pound has plunged from GBP1 to HK$16.0 to GBP1 to HK$10.6 I am beginning to understand its real meaning.
Everything feels 50% more expensive in HK than they were a year ago. Last few times in HK I was happily swiping my credit card thinking I was bagging loads of bargains. Gone were those days. Oh well maybe I should go to Iceland for my next holiday...any takers?
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