Deja Vu? What Did the 1987 Stock Market Drop Do To Currencies?

October 15, 2007

Today is the two decade anniversary of the 1987 Black Monday Stock market crash. The Wall Street Journal compares the move in 1987 with the current market conditions. Here is a great chart, as well as links to today’s 1987 Crash Coverage (thanks to Barry Ritholtz):

What Did it Do to Currencies?

During the month of Oct 1987, the US dollar fell close to 1000 points against Japanese Yen. It fell 400 points against the Euro, over 1000 points against the British pound and 600 points against the Australian dollar.

Links to Interesting 1987 Crash Articles

Barron’s (Black Monday)
WSJ (Looking Back, Persistence Is the Lesson; Exorcising Ghosts of Octobers Past)
New York Times (A Pause to Recall the 1987 Crash)
BusinessWeek (Lessons from the ‘87 Crash)
NYPost (TWENTY YEARS AFTER)
UK Guardian (The lessons of Black Monday).

Posted in 1987 Stock Market Crash, Australian Dollar, Black Monday, Dow