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Devaluation

Volume 774: debated on Monday 25 November 1968

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asked the President of the Board of Trade (1) if he will list, in groups, the countries which devalued in part, in full, or more than the United Kingdom in 1967, according to the extent of their devaluation against the United States dollar, giving for each group of countries the value of United Kingdom exports in United States dollars for each of the first three quarters of 1967 and of the first three quarters of 1968, each quarter separately;(2) if he will state the total value of United Kingdom exports in United States dollars in the first three quarters of 1967

UNITED KINGDOM EXPORTS TO THE ABOVE GROUPS OF COUNTRIES AND THE REST OF THE WORLD
U.S. $ million f.o.b.
19671968
Q.1Q.2Q.3Q.1Q.2Q.3
(a)166156128143143146
(b)361349312349358365
(c)195188166154152153
Countries which did not devalue3,0153,0542,7122,9632,9692,965
Total U.K. exports3,7373,7473,3183,6093,6223,629
Note: The conversion rate in 1967 was $2.80 to the £ sterling and in 1968 $2.40.