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Review case of hong kong dollar and the chinese yuan

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Question: Hong Kong Dollar and the Chinese Yuan. The Hong Kong dollar has long been pegged to the U.S. dollar at HK$7.80/$. When the Chinese yuan was revalued in July 2005 against the U.S. dollar from Yuan8.28/$ to Yuan8.11/$, how did the value of the Hong Kong dollar change against the yuan?

Reference no: EM131690579

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