enow.com Web Search

Search results

  1. Results from the WOW.Com Content Network
  2. Hong Kong dollar - Wikipedia

    en.wikipedia.org/wiki/Hong_Kong_dollar

    Fixed exchange rate against the US dollar: Exchange rate: US$1:HK$5.650 (June 1972 – February 1973) US$1:HK$5.085 (February 1973 – November 1974) November 1974 – October 1983 Free floating: Exchange rates on selected days: US$1:HK$4.965 (25 November 1974) US$1:HK$9.600 (24 September 1983) 1983 – present Linked exchange rate system

  3. Linked exchange rate system in Hong Kong - Wikipedia

    en.wikipedia.org/wiki/Linked_exchange_rate...

    The same mechanism also works when the market rate is above 7.80, and the banks will convert Hong Kong dollars for US dollars. The Hong Kong dollar is backed by one of the world's largest foreign exchange reserves, which is over 7 times the amount of money supplied in circulation or about 48% of Hong Kong dollars M3 at the end of April 2016. [3]

  4. Black Saturday (1983) - Wikipedia

    en.wikipedia.org/wiki/Black_Saturday_(1983)

    Black Saturday, 24 September 1983, is the name given to the crisis when the Hong Kong dollar exchange rate versus the United States dollar was at an all-time low. On that day, US$1 exchanged for HK$9.6. [1] For a period, Hong Kong stores began quoting products in US dollar prices, because of the uncertain fluctuation in domestic currency.

  5. Nigerian naira - Wikipedia

    en.wikipedia.org/wiki/Nigerian_naira

    When the naira was introduced, it had an official exchange rate of US$1.52 for ₦1, though a currency black market existed in which the naira traded at a discount relative to the official exchange rate. The official exchange rate set by the Central Bank of Nigeria: naira to U.S. dollar is approximately ₦767.54 per 1 US dollar.

  6. Exchange rate - Wikipedia

    en.wikipedia.org/wiki/Exchange_rate

    The future exchange rate is reflected into the forward exchange rate stated today. In our example, the forward exchange rate of the dollar is said to be at a discount because it buys fewer Japanese yen in the forward rate than it does in the spot rate. The yen is said to be at a premium. UIRP showed no proof of working after the 1990s.

  7. AOL Mail

    mail.aol.com

    Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!

  8. Military payment certificate - Wikipedia

    en.wikipedia.org/wiki/Military_payment_certificate

    Troops paid in dollars found merchants were willing to convert unlimited amounts of US banknotes to the local currency at the floating (black market) conversion rate. It was much more favorable to the GIs than the government fixed conversion rate. Servicemen thus profited from the more favorable exchange rate on the black market. [citation needed]

  9. Banknotes of the Hong Kong dollar - Wikipedia

    en.wikipedia.org/wiki/Banknotes_of_the_Hong_Kong...

    In 1985, 20-dollar notes were introduced, whilst, in 1993, a 10-dollar coin was introduced and the banks stopped issuing 10-dollar notes. In 1994, the Hong Kong Monetary Authority (HKMA), gave authority to the Bank of China to issue notes. The 1-cent note issued by the Government was demonetised and ceased to be legal tender on 1 October 1995.