22-36 EXCHANGE RATES AND THE EFFECTIVE EXCHANGE RATE INDICES
HK dollars to one unit of foreign currency
Item	1990	1994	1995	1996	1997
Average for the year
Australian Dollar	6.09	5.66	5.73	6.06	5.76
Belgian Franc	0.238	0.236	0.265	0.252	0.218
Canadian Dollar	6.68	5.66	5.64	5.67	5.59
Chinese Renminbi	1.6309	0.8969	0.9264	0.9303	0.9340
Deutsche Mark	4.84	4.78	5.41	5.14	4.47
Dutch Guilder	4.30	4.27	4.83	4.59	3.97
French Franc	1.44	1.40	1.55	1.51	1.33
Indonesian Rupiah	0.0043	0.0037	0.0036	0.0034	0.0029
Italian Lira	0.0066	0.0048	0.0048	0.0050	0.0046
Japanese Yen	0.0541	0.0758	0.0828	0.0712	0.0641
Malaysian Dollar	2.89	2.96	3.09	3.08	2.81
New Taiwan Dollar	0.274	0.283	0.284	0.274	0.263
Philippine Peso	0.315	0.295	0.302	0.295	0.270
Pound Sterling	13.92	11.85	12.21	12.08	12.69
Republic of Korea Won	0.0110	0.0096	0.0100	0.0096	0.0083
Singapore Dollar	4.31	5.08	5.47	5.49	5.23
Swiss Franc	5.64	5.67	6.56	6.26	5.34
Thai Baht	0.309	0.311	0.312	0.307	0.262
US Dollar	7.789	7.728	7.736	7.734	7.742
SDR	10.61534	11.07059	11.74162	11.22536	10.65346
Effective Exchange Rate Indices
for the Hong Kong dollar②
(November 1983=100)
Trade-weighted	107.9	126.8	121.8	125.0	130.3
Import-weighted	103.3	116.4	111.4	115.7	121.7
Export-weighted	113.1	138.6	133.7	135.6	139.9
As at end of year
Australian Dollar	6.00	6.00	5.75	6.17	5.06
Belgian Franc	0.257	0.246	0.264	0.243	0.211
Canadian Dollar	6.72	5.52	5.67	5.65	5.41
Chinese Renminbi	1.4927	0.9163	0.9297	0.9329	0.9359
Deutsche Mark	5.20	4.99	5.38	4.97	4.33
Dutch Guilder	4.61	4.46	4.80	4.43	3.84