£ Sterling (Hansard, 18 January 1979)

HC Deb 18 January 1979 vol 960 c867W 867W

§ Mr. Tebbit
asked the Chancellor of the Exchequer if he will list (a) sterling's value against the dollar and (b) sterling's effective exchange rate, at the following dates (a) 26th July 1945. (b) 26th October 1951, (c) 16th October 1964, (d) 19th June 1970, (e) 4th March 1974 and (f) the latest available date.

§ Mr. Robert Sheldon:
The information requested is given in the following table:

£$ rate Sterling effective rate

26th July 1945 4.03 NA

26th October 1951 2.80 NA

16th October 1964 2.78 NA

19th June 1970 2.40 NA

4th March 1974 2.28 81.28

16th January 1979 2.00 63.34^*

^*New basis: See Economic Procress Report No. 84, March 1977.

	£$ rate	Sterling effective rate
26th July 1945	4.03	NA
26th October 1951	2.80	NA
16th October 1964	2.78	NA
19th June 1970	2.40	NA
4th March 1974	2.28	81.28
16th January 1979	2.00	63.34^*
^*New basis: See Economic Procress Report No. 84, March 1977.