as a result of the presence of foreign currency deposits, will increase the inflationary effects of monetary disequilibria under a floating exchange rate system and will reduce the effect of a ...

A currency's appreciation or depreciation ... a floating currency, so the market dictates its value. The value of the Hong Kong dollar, on the other hand, is pegged at a fixed exchange rate ...

When the value of the currency declines, authorities worry about both imported inflation and the balance sheet effects of an exchange rate depreciation on borrowers ... to go to the soft end of free ...

But with all due humility, I believe that the recent dollar depreciation of 5 per cent ... above its average since the start of the floating exchange rate era in 1973. The only two historical ...

panic selling of the local currency drove it to an all-time low of 9.6 HKD per USD. This was down from 6.5 per US dollar at the start of the year, under the floating exchange rate system.