Search results
Results from the WOW.Com Content Network
The HKMA guarantees to exchange US dollars into Hong Kong dollars, or vice versa, at the rate of 7.80. When the market rate is below 7.80, the banks will convert US dollars for Hong Kong dollars from the HKMA; Hong Kong dollar supply will increase, and the market rate will climb back to 7.80.
The Weather Forecasting Contest is a competition held by Weather Underground. For each round of the contest, participants have to forecast the four elements listed below on Sunday or before 23:59:59 every Friday: [2] Minimum and maximum temperatures over Hong Kong territory, Minimum and maximum relative humidity at the Hong Kong Observatory,
The peg of Hong Kong dollar to the U.S. dollar in 1983 actually took place in the context of Sino-British negotiation regarding the future of Hong Kong after 1997. Due to the lack of public confidence in the talks, on 24 September 1983, the Hong Kong dollar was devalued by 15% over 2 days to a historical low at HK$9.6 to US$1.
Weather extremes are forecast from coast-to-coast this week as a cold front moves inland off the Pacific and a bout of potentially record-breaking heat spreads eastward, producing strong ...
The spot date is day T+1 if the currency pair [1] is USD/CAD, USD/TRY, USD/PHP or USD/RUB. In this case, T+1 must be a business day and not a US holiday. If an unacceptable day is encountered, move forward one day and test again until an acceptable date is found. The spot date is day T+2 otherwise. The calculation of T+2 must be done by ...
Alternatively the slash may be omitted, or replaced by either a dot or a dash. A widely traded currency pair is the relation of the euro against the US dollar, designated as EUR/USD. The quotation EUR/USD 1.2500 means that one euro is exchanged for 1.2500 US dollars. Here, EUR is the base currency and USD is the quote currency (counter currency).
The People's Republic of China's renminbi was informally and controversially pegged to the dollar in the mid-1990s at ¥ 8.28/USD. Likewise, Malaysia pegged its ringgit at RM3.8/USD in September 1998, after the financial crisis. On July 21, 2005, both countries removed their pegs and adopted managed floats against a basket of currencies.
The market convention is to quote most exchange rates against the USD with the US dollar as the base currency (e.g. USDJPY, USDCAD, USDCHF). The exceptions are the British pound (GBP), Australian dollar (AUD), the New Zealand dollar (NZD) and the euro (EUR) where the USD is the counter currency (e.g. GBPUSD, AUDUSD, NZDUSD, EURUSD).