Radio_Hong_Kong_1971-1972 — Page 4

EXCHANGE RATES

When dollars are quoted in the 1971-72 Reports, they are, unless otherwise stated, Hong Kong dollars. At the 31st March 1972, the official rate for conversion to pounds sterling was HK$14.55 =£1 (HK$1=approx. 7p). The official rate for conversion to U.S. dollars was HK$5.58=US$1.

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