HKD to
#
£1
£ 8
$9
$10
$ 11
$12
$13
$14
A'
$15
$16
$17
Exchange Rate of the HKD Against f Sterling
(1946 1990)
B
Annex
f for each HKD1,000
125.0
01.1
100.0
१०.१
C
HKD allowed
83.3
to float
HKD linked to
USD at a fixed rate
76.9
Floating of f, HKD- pegged to USD
...
HKD revalued by 10%, including against f; but continues pegged to sterling
46
Year
67
72
74
•
76
71
do
82
84
16
(Average of the mid-market rate prevailing at the end of each month
for the past 12-month period ending March of each year)
In terms of f sterling, as at 31.10.90, for pensioners who retired : at A, monthly pensions would have fluctuated from -4.5% to +75.5% at B, monthly pensions would have decreased by 45.8%
at C, monthly pensions would have fluctuated from -22.1% to +21.3%
71.4
66.7
67.5
52.8
90918
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