Money Grows

When I left UK, I did not close my Barclays Bank account.

I have about 164 pounds or so in that account.
The exchange rate then was about 2.71016 SGD to a British Pound.
It is now 3.01691 SGD to a British Pound.

So [(3.01691 - 2.71016)/2.71016 ]* 100% = 11.31852%

Which means that over the last 4 years or so, the value of my British Pounds in terms of Singapore Dollars appreciated by 11.3%. Hence considering that it was a period of 4 years, the yearly appreciation is 2.7% or so.

Wow! That's within the range of inflation. Which meant that my Pounds with respect to Singapore Dollars did not de-value while being kept idle in a bank.