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About: Black Saturday (1983)     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:Tendency108681777, within Data Space : dbpedia.org associated with source document(s)

Type: yago:WikicatMarketTrendsyago:Direction108679972yago:Line108593262yago:Location100027167yago:Object100002684yago:Path108616311yago:PhysicalEntity100001930yago:YagoGeoEntityyago:YagoLegalActorGeoyago:YagoPermanentlyLocatedEntityyago:Tendency108681777 New Facet based on Instances of this Class

Black Saturday, 24 September 1983, is the name given to the crisis when the Hong Kong dollar exchange rate versus the United States dollar was at an all-time low. On that day, US$1 exchanged for HK$9.6. For a period, Hong Kong stores began quoting products in US dollar prices, because of the uncertain fluctuation in domestic currency.