© 2024 Western New York Public Broadcasting Association

140 Lower Terrace
Buffalo, NY 14202

Mailing Address:
Horizons Plaza P.O. Box 1263
Buffalo, NY 14240-1263

Buffalo Toronto Public Media | Phone 716-845-7000
WBFO Newsroom | Phone: 716-845-7040
Your NPR Station
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Donate Today Banner

A Look Back at the Dollar's Plunge in 1995

MELISSA BLOCK, host:

The last time the dollar sank to 100 yen was November 9, 1995. And that got us wondering about other financial indicators from that time.

Well, today, the euro traded for a record $1.60 before closing slightly lower. Back in 1995, there was no euro but a dollar bought 1.4 German marks. Today, Gold sold for above $1,000 an ounce. In '95, it was just above $386. And then, you could get a barrel of oil for around $14. Today, it costs $111 a barrel. On November 9, 1995, the stock market closed at a stunning high, 4,864. Today's close: 12,145. One thing was higher in 1995 than today, the unemployment rate, 5.4 percent was considered good news in 1995. Today, lots of people are concerned about 4.8 percent unemployment.

And one last musical note, the top hit on the Billboard Hot 100 Charts for that week back in '95 and the week before that and the week before that, Mariah Carey's "Fantasy." Transcript provided by NPR, Copyright NPR.

NPR transcripts are created on a rush deadline by an NPR contractor. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.