|
PureBytes Links
Trading Reference Links
|
The HK$ is pegged to the US$. The reminbi (sp?) is not convertible but
is effectively maintained by the Chinese govt, and there has been talk
of the Chinese 'floating' its currency by refusing to support current
levels, which is most similar to the Brasilian situation, where they
were not strictly pegged, but attempted to manage the deterioration of
the exchange rate over time.
DanG
Andrew wrote:
>
> At 05:12 PM 1/21/99 , you wrote:
>
> You mean HK dollar.
>
> >China gets the focus now as the biggest economy pegging its rate.
|