By the end of that decade the parallel market rate of exchange was 22 times the official rate.
This case shows the existence of currency assortment where the local rate of exchange was one standard coin against four current ones.
This rate of exchange was very low compared with that of later time periods.
Since two sharp bands were present, this would imply a slow or non-existent rate of exchange.
At that time the rate of exchange was 19 pesos to the pound.
We are facing the prospect of a single currency where there is no chance of any change in the rate of exchange.
I feel that the difference in this rate of exchange ought to be made up to them.
At today's rate of exchange, that is £5.068 million.
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