The currency would have peaked at around 80 cents US (measured in annual average terms), compared with the actual peak of more than 87 cents US on average in 1991. Canadian households would have responded to this lower interest rate environment by purchasing more durable goods and houses and therefore borrowing more.
As a major international financial center around the world, Hong Kong boasts a highly open business environment, a profound financial market system, perfect financial infrastructures, and an international regulatory system for financial markets.