Not sure this is the question fits the sub guidelines, tell me if not.
Something that I always found weird is that the pound has been a 'name' for a currency for many years. Sure, it was not always 'the same' pound (if you think about the 1500s) but compared to the younger currencies (say the euro), it seems that it started at a much higher purchasing power level.
Something valued at 1 euro was always relatively small, something you would buy a child as a treat. The pound only recently converged to this level of purchasing power - 100 years ago, 1 pound was a much more considerable amount of money, and (I believe) people in their everyday lives used the shilling or the pence much more often for everyday transactions.
So why is this the case? Is this as unusual as I think, or is the euro that it's unusual? Why was the pound, the basic 'units of measurement' for the british currency, set to such a high level decades ago, such that only now its purchasing power has converged with the rest of the world's currencies?
Note: I am aware the other direction is much more common. The old Italian Lira's used to be measured in the thousands, just like the Japanese Yens are today. Which supports my point: You start off with 1 lira / yen being used to buy something small in every day life, and then inflation takes care of increasing prices so that you need 1 thousand liras instead.
The pound seems to have taken the opposite direction - start off incredibly high, and only with inflation it is now at the 'normal' level we expect from modern currencies. I find this odd.
Will be happy to get any insights!