HL Deb 14 March 2002 vol 632 c93WA
Lord Tehbit

asked Her Majesty's Government:

Whether the exchange rate of sterling has been stable over the past five years. [HL3171]

Lord McIntosh of Haringey

The sterling effective exchange rate index appreciated from 82.3 in August 1996 to reach a peak of 113 in May 2000. Since November 2000, it has remained within the range of 102 to 108 and currently stands at 106.1.