§ Sir R. Russellasked the Chancellor of the Exchequer if he will publish in the Official Report a list of Commonwealth and foreign countries showing the latest exchange rates, following the devaluation of the £ sterling, and the value in shillings and pence of each unit of currency.
§ Mr. Harold LeverThe lists below contain details, as at midday on 4th December, of the exchange parities to the U.S. $ of those countries which have announced a change or changes in parities to the Executive Board of the International Monetary Fund, and which the Board has approved, together with the existing declared Fund parities to the U.S. $ of a number of other countries which, at the above date, had announced that there will be no change in their exchange parities. The rates to the U.S. $ have been converted to show a rate to sterling, at U.S. $2.40=£1. These rates are indicative only. The list of countries is not necessarily comprehensive, and the rates are based on the best information available as at 4th December. Actual dealing rates for all currencies may vary from day to day, and the principal rates are normally published in the financial press. Parity rates for all member countries of the I.M.F. are published monthly in "International Financial Statistics".
221W
No change in parities to the$ Local currency units per U.S. $ Local currency units per £ converted at $2.40 = £1 Value of one unit of local currency* Australia … … … … A $0.892857 … 2.14286 9s. 4d. South Africa … … … … Rand 0.714286 … 1.71429 11s. 8d. Zambia … … … … … £ Zam. 0.357143 … 0.857143 £1 3s. 4d. Nigeria … … … … … £N 0.357143 … 0.857143 £1 3s. 4d. Ghana … … … … … NC 1.02041 … 2.44898 8s. 2d. Kenya … … … … … K.Shs. 7.14286 … 17.1429 1s. 2d. India … … … … … I. Rs. 7.50000 … 18.0 1s. l.3d. Pakistan … … … … … P. Rs. 4.76190 … 11.4826 1s. 9d. Malaysia … … … … M $3.06122 … 7.34693 2s. 8.7d. U.S.A. … … … … … — 2.4 8s. 4d. Canada … … … … … Can. $1.08108 … 2.59459 7s. 8.5d. Belgium … … … … … B. Fcs. 50.0000 … 120.0 2d. France … … … … … F. Fcs. 4.93706 … 11.8489 1s. 8.3d. Germany … … … … DM 4.00000 … 9.6 2s. 1d. Italy … … … … … Lire 625.000 … 1,500.0 0.2d. Netherlands … … … … Fls. 3.62000 … 8.688 2s. 3.6d. Austria … … … … … Sch. 26.0000 … 62.4 3.8d. Portugal … … … … … Esc. 28.7500 … 69.0 3.5d. Greece … … … … … Dr. 30.0000 … 72.0 3.3d. Turkey … … … … … £T 9.00000 … 21.6 11.1d. Norway … … … … … N. Kr. 7.14286 … 17.1429 1s. 2d. Sweden … … … … … S. Kr. 5.17321 … 12.4157 1s. 7.3d. Finland … … … … … NM 4.19997 … 10.0799 1s. 11.8d. Japan … … … … … Y 360.000 … 864.0 0.3d. Mexico … … … … … Pesos 12.5000 … 30.0 8d. * To the nearest tenth of a penny.