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Van Norden
Joined: 23 Oct 2004
Posts: 409
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 Posted: Mon May 01, 2006 1:25 pm Post subject: CAD |
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I notice the HK$ has depreciated greatly against the CAD$ over the last 18 months. Have salaries remained the same over this period? Is Hong Kong now a less attractive place for Canadians to work?
Currency wise, Brits, Americans and Aussies have all fared better over the last 2 years. What's going on with the CAD? Do you convert your salary into US$ or CAD$? |
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anninhk
Joined: 08 Oct 2005
Posts: 284
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| Posted: Tue May 02, 2006 5:50 am Post subject: |
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| The Hong Kong dollar is pegged to the US dollar. No adjustment of salary is made if the dollar rises or falls. When I started the Hong Kong dollar was about 11 to the pound but now it is over 14 and has been as high as 15. Australians and Canadians have suffered a similar fate. |
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