23-42  Exchange Rates and the Effective Exchange Rate Indices
	(HKD per unit of foreign currency, unless otherwise specified)
Item	2003	2004	2005	2006	2007
Average for the year①
Australian Dollar	5.08	5.73	5.93	5.85	6.55
Canadian Dollar	5.58	6.00	6.42	6.85	7.30
Chinese Renminbi  (per HKD100)	105.86	106.21	105.26	102.65	97.09
Euro②	8.81	9.69	9.68	9.77	10.70
Japanese Yen	0.0673	0.0720	0.0707	0.0669	0.0664
Malaysian Ringgit	2.04	2.04	2.05	2.12	2.27
New Taiwan Dollar	0.227	0.233	0.242	0.242	0.242
Philippines Peso	0.146	0.140	0.144	0.154	0.170
Pound Sterling	12.73	14.27	14.15	14.33	15.62
Korean Won	0.0065	0.0068	0.0076	0.0081	0.0084
Singapore Dollar	4.47	4.61	4.67	4.89	5.18
Swiss Franc	5.79	6.28	6.25	6.21	6.51
Thai Baht	0.188	0.193	0.193	0.205	0.242
US Dollar	7.787	7.788	7.777	7.768	7.801
Special Drawing Right	10.90920	11.53777	11.48780	11.43077	11.94216
Effective Exchange Rate Indices
for the Hong Kong dollar
(January 2000=100)
Trade (import and export)-weighted	100.7	98.3	97.4	96.1	91.9
Import-weighted	101.6	99.2	98.1	96.8	92.5
Export-weighted③	99.8	97.3	96.7	95.5	91.3
As at end of year④
Australian Dollar	5.83	6.06	5.68	6.13	6.87
Canadian Dollar	6.00	6.46	6.67	6.68	7.99
Chinese Renminbi  (per HKD100)	106.67	106.38	104.16	100.45	93.14
Euro②	9.77	10.60	9.18	10.26	11.49
Japanese Yen	0.0726	0.0758	0.0659	0.0654	0.0697
Malaysian Ringgit	2.04	2.05	2.05	2.20	2.36
New Taiwan Dollar	0.227	0.242	0.239	0.245	0.248
Philippines Peso	0.143	0.143	0.150	0.166	0.190
Pound Sterling	13.83	14.99	13.36	15.22	15.59
Korean Won	0.0065	0.0075	0.0077	0.0084	0.0083
Singapore Dollar	4.57	4.77	4.67	5.07	5.43
Swiss Franc	6.27	6.86	5.90	6.38	6.93
Thai Baht	0.196	0.199	0.189	0.220	0.262
US Dollar	7.763	7.774	7.753	7.775	7.802
Special Drawing Right	11.53559	12.07310	11.08113	11.69521	12.32911
Effective Exchange Rate Indices
for the Hong Kong Dollar
(January 2000=100)
Trade (import and export)-weighted	98.8	96.0	98.4	94.3	88.6
Import-weighted	99.8	96.8	99.1	94.9	89.0
Export-weighted③	97.7	95.2	97.7	93.6	88.3
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.
②Euro is a unified currency of 12 European Union member countries, which was 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.
③Including re-exports and domestic exports.
④Figures are the closing middle-market telegraphic transfer rates or notes rates as at the last trading day of the year.