Not exact matches
There has, therefore, been
little net
change in net holdings of foreign
exchange reserves, apart from valuation effects arising from
exchange rate changes.
The
exchange rate against the US dollar peaked at US68.5 cents
in early July, but it subsequently came down quite sharply, falling by almost 4 cents
in the middle of the month, and has shown
little net
change since.
Our
exchange rate against the US dollar and the currencies of most of our trading partners has shown
little net
change over the past year, and the rise
in the trade - weighted index
in recent months has been due mainly to the weakness being experienced by the Japanese yen.
The Americas is still much cheaper to visit — once you are there — than Europe and the Far East, and the
change in the
exchange rate should have
little effect.