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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (5711)8/20/1998 11:52:00 AM
From: Bosco  Respond to of 9980
 
Dear Zeev - AFAIK, while HK economy has been quite affected by the current malaise [for instance, unemployment has reached new high,] historically, the peg was instituted back in the mid 80s due in part to excessive speculations at the time. I do not know [not now, let alone back then <g>] how the 7.8 translation was constructed though.

best, Bosco