Hong kong dollar and the chinese yuan

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Reference no: EM131450044

Hong Kong Dollar and the Chinese Yuan. The Hong Kong dollar has been long been pegged to the U.S. dollar at HK$7.83 / $. When the Chinese yuan was revalued in July 2005 against the U.S. dollar from Yuan8.27 / $ to Yuan8.09 / $, how did the value of the Hong Kong dollar change against the yuan?

The original HK$/Yuan cross rate was HK$___/Yuan (Round to four decimal places)

Reference no: EM131450044

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