G.F. 326

CONFIDENTIAL #

Exchange Rates of the Hong Kong Dollar Against Sterling

Annex A

Period

18.12.1946 to 22.11.1967

£1

*

HK$

16.000

23.11.1967 to 5. 7.1972

14.550

Mid-market rate*

July 72 to March 73

13.380

73/74

12.330

74/75

11.740

75/76

10.548

76/77

8.285

77/78

8.388

78/79

9.308

79/80

10.968

80/81

11.860

81/82

10.947

82/83

10.417

83/84

11.323

84/85

9.784

85/86

10.892

86/87

11.686

87/88

13.357

April 88

14.618**

May 88

14.418**

June 88

13.443**

July 88

13.338**

August 88

13.188**

September 88

13.108**

October 88

13.808**

November 88

14.403**

December 88

14.118**

*

Average of the mid-market rate prevailing at the end of each month in the year.

** Mid-market rate prevailing at the end of the month.

(0013B : 18)

CONFIDENTIAL #2

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