§ Mr. Pardoeasked the Chancellor of the Exchequer what was the value of the £ sterling on 1st January 1948 and on the same date each year thereafter to date, against the United States dollar, the
The available time-series generally relate to the last working day of calendar months and are as follows: AMOUNT OF CURRENCY TO £ STERLING Last working day of December United States Dollar French Franc* West German Mark Japanese Yen 1947 … … 4.03 n.a. n.a. n.a. 1948 … … 4.03 1062.0 13.430 n.a. 1949 … … 2.80 980.0 11.760 1008 1950 … … 2.80 980.0 11.760 1011 1951 … … 2.7825 980.0 11.760 1004.76 1952 … … 2.8100 980.0 11.760 1014.69 1953 … … 2.8113 980.7 11.679 1014.32 1954 … … 2.7850 977.6 11.758 1004.83 1955 … … 2.8038 984.2 11.718 1011.61 1956 … … 2.7856 983.6 11.711 1005.04 1957 … … 2.8094 1174.6 11.754 1010.54 1958 … … 2.8025 1374.6 11.706 1008.06 1959 … … 2.8000 13.7393 11.6744 1005.76 1960 … … 2.8038 13.7463 11.6931 1004.60 1961 … … 2.8081 13.7588 11.2200 1015.97 1962 … … 2.8025 13.7331 11.1975 1003.86 1963 … … 2.7966 13.7063 11.1163 1012.37 1964 … … 2.7901 13.6725 11.0950 999.69 1965 … … 2.8028 13.7350 11.2280 1011.53 1966 … … 2.7902 13.8135 11.0943 1011.45 1967 … … 2.4063 11.8138 9.6140 870.84 1968 … … 2.3844 11.7920 9.5383 852.90 1969 … … 2.4007 13.3325 8.8555 858.97 1970 … … 2.3937 13.2095 8.7275 855.90 1971 … … 2.5522 13.3125 8.3395 803.65 1972 … … 2.3481 12.0150 7.5150 707.50 1973 … … 2.3235 10.9138 6.2788 650.38 1974 … … 2.3495 10.4137 5.6537 706.75 1975 … … 2.0233 9.0375 5.2987 617.37 1976 … … 1.7020 8.4487 4.0162 499.12 1977 … … 1.9185 9.0075 4.0135 459.25 * Prior to 1959 rates are in respect of the 'old Franc". Sources: Franc and deutschemark rates from 1959, yen rates from 1970 and all United States dollar rates, have been supplied by the Bank of England. Earlier estimates of franc, deutschemark and yen rates have been taken from "International Financial Statistics".