Dollar Peg for Hong Kong. The Hong Kong dollar has long been pegged to the U.S. dollar at HK$7.84/ $. When the Chinese yuan was revalued in July2005 against the U.S. dollar from Yuan 8.24 /$ to Yuan 8.15/S, how did the value of the Hong Kong dollar change against the yuan?.....The original HK$/Yuan cross rate was HK$Yuan. (Round to four decimal places.)

In this Hong Kong is pegged to dollar so will change according to dollar

Answered: Peg for Hong Kong. The Hong Kong dollar…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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The following table shows hypothetical monthly exchange rates for the Canadian dollar and the euro, as well as the standard deviation of the percentage changes for each currency. Use the table to select the percent change from May 1 to June 1 in the Canadian dollar exchange rate and the euro exchange rate. Month January 1 February 1 March 1 April 1 May 1 June 1 July 1 Standard Deviation Value of the Canadian Dollar (US Dollars per Canadian Dollar) $0.62 0.63 0.64 0.66 0.67 0.65 0.66 Monthly Percent Change in Canadian Dollar Value 1.61% 1.59% 3.13% 1.52% -2.99% 1.54% 2.08% Value of Euro (US Dollars per euro) $1.14 1.18 1.22 1.19 1.18 1.21 1.25 The percentage change in the Canadian dollar from May 1 to June 1 represents a depreciation In this example, the value of the Canadian dollar was more volatile over the entire time period. Monthly Percent Change in Euro Value 3.51% 3.39% -2.46% -0.84% 2.79% 3.31% 2.57% in the value of the Canadian dollar.
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Peg for Hong Kong. The Hong Kong dollar has long been pegged to the U.S. dol against the U.S. dollar from Yuan 8.24 / $ to Yuan 8.15/$, how did the value of the riginal HK$/Yuan cross rate was HK$Yuan. (Round to four decimal places.)