HC Deb 02 March 1981 vol 1000 cc8-9W
Mr. Godon Wilson

asked the Chancellor of the Exchequer if he will list in the Official Report the change in exchange rate from January 1976 to the most recent convenient date between the £ sterling and a basket of relevant major currencies, including the percentage devaluation or revaluation as appropriate in each case.

Mr. Lawson

Sterling's effective exchange rate, which is calculated using a basket of 17 currencies, appreciated by 4.6 per cent. between January 1976 and 25 February 1981. Sterling's appreciation/depreciation against the major currencies was as follows:

per cent.
United States dollar +9.8
Deutschemark –10.7
Japanese yen –25.1
Swiss Franc –19.2
French franc +21.2

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