TNAG-2426-FCO40-3528-Hong-Kong-Her-Majesty-s-Overseas-Civil-Service-(HMOCS)-poli-1992 — Page 91

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

1972

HK$ per £ (NOT averages)

(year ending)

13.48

1973

11.79

1974

11.53

1975

10.21

1976

7.95

1977

8.87

1978

9.82

1979

10.98

1980

12.27

1981

10.88

1982

10.58

1983

11.32

1984

9.11

1985

11.27

1986

11.48

1987

14.52

1988

14.17

1989

12.60

1990

14.95

1991

14.53

These are indeed figures as at 31/12 of each year. Econ. Adv. do not have these average rates over the year. (IMF

are best source of sorts of statistics).

Wliss Williams

This will not wark

I'm afraid, what we need is the average

over

the year (daily

sate

basis

Some more less fregment). H

here

it L

₤1

=HK$11.6155 on average.

over 20 yrs.

yrs.)

Mr Shone

Mr Cox

Br

9/6

produced this and

ON ale sorventere.

~} 916

Economic Advisers have

(Chris Lane)

average rates over the year (daily basis)

for the following selected years

1980

11.60

1985

10.15

1986

11.48

1987

12.80

1988

13·92

1989

12.81

1990

13.92

I will see what else we

have

on file (see attached)

Qw 916

munte oppsite

Mr Stoke

Mr Cox

мела

© ODA have derived their 1991 average

(13.7609)

A

exchange rate from the mid-monthly figures produced by the BOE.

yeculy

A

N Stone Singl Miss Williams

This is very helpful and timely. Ola due course cd you pl check

why the 1991 figure is so much higher than the HKC $13.76 used by the ODA? @ also check whethe the rate before 1972 was indeed fixed at HK $16

They

do

not have averages based on daily rates. 2 for the history of fixed and floating HK$: & exchange rates, pls see attached.

Qw 2316

9/

(1947-1967: HK$16 = ₤1 Nov 1967 - 1972: HK$14.55=

Done/th/123/6. Mess Withers

Mr

Pes inte to waters arding him for

the most accurate rising he has since 1972. 33/6

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