24-41 Exchange Rates and the Effective Exchange Rate Indices
					(HKD per unit of foreign currency)
Item	1999	2000	2001	2002	2003
Average for the year①
Australian Dollar	5.01	4.53	4.04	4.25	5.08
Belgian Franc②	0.205	0.178	0.173	-	-
Canadian Dollar	5.22	5.25	5.04	4.97	5.58
Chinese Renminbi (per HK$100)	106.67	106.17	106.04	105.84	105.86
Deutsche Mark②	4.23	3.68	3.57	-	-
Dutch Guilder②	3.75	3.27	3.17	-	-
French Franc②	1.26	1.10	1.07	-	-
Indonesian Rupiah	0.0010	0.0009	0.0008	0.0008	0.0009
Italian Lira②	0.0043	0.0037	0.0036	-	-
Japanese Yen	0.0685	0.0723	0.0643	0.0625	0.0673
Malaysian Ringgit	2.04	2.04	2.04	2.04	2.04
New Taiwan Dollar	0.240	0.248	0.232	0.229	0.227
Philippine Peso	0.201	0.18	0.157	0.156	0.146
Pound Sterling	12.55	11.81	11.24	11.73	12.73
Republic of Korea Won	0.0065	0.0069	0.0060	0.0063	0.0065
Singapore Dollar	4.58	4.52	4.36	4.36	4.47
Swiss Franc	5.17	4.62	4.63	5.03	5.79
Thai Baht	0.205	0.194	0.175	0.182	0.188
US Dollar	7.758	7.791	7.799	7.799	7.787
Euro②	8.27	7.20	6.99	7.38	8.81
SDR	10.60682	10.27532	9.92836	10.10470	10.90920
Effective Exchange Rate Indices
for the Hong Kong dollar③
(January 2000=100)
Trade (import	100.9	101.7	104.7	104.0	100.7
and export)-weighted
Import-weighted	101.4	101.5	105.1	104.7	101.6
Export-weighted④	100.4	101.9	104.3	103.3	99.8
As at end of year⑤
Australian Dollar	5.06	4.35	3.99	4.41	5.83
Belgian Franc②	0.194	0.182	0.171	-	-
Canadian Dollar	5.35	5.20	4.90	4.95	6.00
Chinese Renminbi (per HK$100)	106.61	106.04	106.04	105.82	106.67
Deutsche Mark②	4.00	3.76	3.53	-	-
Dutch Guilder②	3.55	3.33	3.13	-	-
French Franc②	1.19	1.12	1.05	-	-
Indonesian Rupiah	0.0011	0.0008	0.0007	0.0009	0.0009
Italian Lira②	0.0040	0.0038	0.0036	-	-
Japanese Yen	0.0761	0.0682	0.0594	0.0657	0.0726
Malaysian Ringgit	2.04	2.04	2.04	2.04	2.04
New Taiwan Dollar	0.245	0.238	0.226	0.228	0.227
Philippine Peso	0.194	0.168	0.159	0.150	0.143
Pound Sterling	12.59	11.64	11.31	12.51	13.83
Republic of Korea Won	0.0069	0.0062	0.0060	0.0066	0.0065
Singapore Dollar	4.66	4.50	4.21	4.49	4.57
Swiss Franc	4.88	4.84	4.67	5.61	6.27
Thai Baht	0.207	0.180	0.177	0.181	0.196
US Dollar	7.771	7.796	7.797	7.798	7.763
Euro②	7.82	7.34	6.91	8.17	9.77
SDR	10.65370	10.16140	9.79010	10.60154	11.53559
Effective Exchange Rate Indices
for the Hong Kong dollar③
(January 2000=100)
Trade (import and export)-weighted	100.1	102.9	105.9	102.0	98.8
Import-weighted	100.0	103.2	106.7	102.7	99.8
Export-weighted④	100.2	102.6	105.1	101.2	97.7
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.
Accordingly Chinese Renminbi is also treated as foreign currency.
①Figures are the averages of the daily closing middle-market telegraphic transfer rates or notes rates for the year.
②Figures are the closing middle-market telegraphic transfer rates or notes rates as at the last trading day of the year.
③Euro is a unified European currency launched on 1 January 1999. As from 1 January 2002, Euro notes and coins have replaced notes and
coins in national currencies of participating countries of the Euro.
④Including re-exports and domestic exports.
⑤New series released since 2 January 2002. For details, please see the feature article entitled "New Series of Effective Exchange Rate Index
for the Hong Kong Dollar" in the December 2001 issue of the "Hong Kong Monthly Digest of Statistics".