Exchange Rates

HC Deb 19 January 1993 vol 217 c143W

Mr. Ron Davies

To ask the Chancellor of the Exchequer what was the average value of the pound sterling in European currency units in each year since 1987.

Mr. Nelson

[holding answer 15 January 1993]: The average annual value of the pound sterling in European currency units since 1987 is as follows:

	1ECU/£
1987	1.4200
1988	1.5060
1989	1.4886
1990	1.4000
1991	1.4284
1992	1.3620
1 Based on market exchange rates.