22-29 Exchange Rates and the Effective Exchange Rate Indices
(HK dollars to one unit of foreign currency)
Item	1990	1996	1997	1998	1999
Average for the year①
Australian Dollar	6.09	6.06	5.76	4.88	5.01
Belgian Franc	0.238	0.252	0.218	0.215	0.205
Canadian Dollar	6.68	5.67	5.59	5.23	5.22
Chinese Renminbi	1.6309	0.9303	0.934	0.9357	0.9375
Deutsche Mark	4.84	5.14	4.47	4.41	4.23
Dutch Guilder	4.3	4.59	3.97	3.91	3.75
French Franc	1.44	1.51	1.33	1.32	1.26
Indonesian Rupiah	0.0043	0.0034	0.0029	0.0008	0.0010
Italian Lira	0.0066	0.005	0.0046	0.0045	0.0043
Japanese Yen	0.0541	0.0712	0.0641	0.0595	0.0685
Malaysian Ringgit	2.89	3.08	2.81	1.99	2.04
New Taiwan Dollar	0.274	0.274	0.263	0.230	0.240
Philippine Peso	0.315	0.295	0.270	0.194	0.201
Pound Sterling	13.92	12.08	12.69	12.83	12.55
Republic of Korea Won	0.0110	0.0096	0.0083	0.0056	0.0065
Singapore Dollar	4.31	5.49	5.23	4.64	4.58
Swiss Franc	5.64	6.26	5.34	5.35	5.17
Thai Baht	0.309	0.307	0.262	0.190	0.205
US Dollar	7.789	7.734	7.742	7.745	7.758
SDR	10.61534	11.22536	10.65346	10.50555	10.60666
Effective Exchange Rate Indices
for the Hong Kong dollar②
(November 1983=100)
Trade-weighted	107.9	125.0	130.3	137.5	134.2
Import-weighted	103.3	115.7	121.7	131.2	126.1
Export-weighted④	113.1	135.6	139.9	144.5	143.2
As at end of year③
Australian Dollar	6.00	6.17	5.06	4.76	5.06
Belgian Franc	0.257	0.243	0.211	0.227	0.194
Canadian Dollar	6.72	5.65	5.41	5.00	5.35
Chinese Renminbi	1.4927	0.9329	0.9359	0.9358	0.9380
Deutsche Mark	5.20	4.97	4.33	4.62	4.00
Dutch Guilder	4.61	4.43	3.84	4.10	3.55
French Franc	1.53	1.48	1.29	1.38	1.19
Indonesian Rupiah	0.0042	0.0034	0.0015	0.0010	0.0011
Italian Lira	0.0070	0.0051	0.0044	0.0047	0.0040
Japanese Yen	0.0576	0.0666	0.0597	0.0682	0.0761
Malaysian Ringgit	2.89	3.07	2.01	2.04	2.04
New Taiwan Dollar	0.271	0.274	0.231	0.244	0.245
Philippine Peso	0.260	0.298	0.201	0.202	0.194
Pound Sterling	14.95	13.07	12.85	12.86	12.59
Republic of Korea Won	0.0109	0.0092	0.0045	0.0064	0.0069
Singapore Dollar	4.5	5.54	4.62	4.69	4.66
Swiss Franc	6.08	5.73	5.33	5.62	4.88
Thai Baht	0.313	0.303	0.17	0.211	0.207
US Dollar	7.801	7.736	7.746	7.746	7.771
SDR	11.09817	11.12406	10.45129	10.90660	10.65370
Effective Exchange Rate Indices
for the Hong Kong dollar②
(November 1983=100)
Trade-weighted	108.3	125.3	137.9	131.8	131.5
Import-weighted	103.2	116.5	132.0	124.0	122.4
Export-weighted④	113.9	135.3	144.4	140.6	141.8
Notes: Hong Kong dollar is the legal tender in the Hong Kong Special Administrative Region, as stated in "The Basic Law of the Hong Kong Special Administrative Region of the People's Republic of China". Foreign currency refers to any currency other than the Hong Kong currency. ccordingly Chinese Renminbi is also treated as foreign currency. ①Figures are based on average of the closing middle-market telegraphic transfer rates or notes rates for the year. ②The effective exchange rate indices are based on a new series released since 1 April 1995. ③Figures are based on closing middle-market telegraphic transfer rates or notes rates as at the last trading day of the year. ④Including re-exports and domestic exports.