I stumbled onto a bit of a mystery. A strange financial blip in a historical database crossed my path and I was wondering if anyone could explain its meaning/cause for me? If this is not the right forum please advise.
The database blip is here. I was researching the 1969 exchange rate between the French franc and the US dollar and saw the chart below. As you can see there was a sharp drop (approx 11%) in the exchange value of the franc in a single day somewhere in the first half of August 1969. What was the exact date and what happened on that date to cause such a dramatic drop?
(Or was it the other way around and something happened to skyrocket the exchange value of the dollar?)
For the record, I am not a financial specialist, I was researching the data in the context of the use of money in an old film from that era.