23-42  Exchange Rates and the Effective Exchange Rate Indices
	(HKD per unit of foreign currency, unless otherwise specified)
Item	2004	2005	2006	2007	2008
Average for the year①
Australian Dollar	5.73	5.93	5.85	6.55	6.63
Canadian Dollar	6.00	6.42	6.85	7.30	7.34
Chinese Renminbi  (per HKD100)	106.21	105.26	102.65	97.09	89.00
Euro②	9.69	9.68	9.77	10.70	11.45
Japanese Yen	0.0720	0.0707	0.0669	0.0664	0.0756
Malaysian Ringgit	2.04	2.05	2.12	2.27	2.34
New Taiwan Dollar	0.233	0.242	0.242	0.242	0.254
Philippines Peso	0.140	0.144	0.154	0.170	0.180
Pound Sterling	14.27	14.15	14.33	15.62	14.42
Korean Won	0.0068	0.0076	0.0081	0.0084	0.0072
Singapore Dollar	4.61	4.67	4.89	5.18	5.51
Swiss Franc	6.28	6.25	6.21	6.51	7.21
Thai Baht	0.193	0.193	0.205	0.242	0.236
US Dollar	7.788	7.777	7.768	7.801	7.787
Special Drawing Right	11.53777	11.48780	11.43077	11.94216	12.31358
Effective Exchange Rate Indices
for the Hong Kong dollar
(January 2000=100)
Trade (import and export)-weighted	98.3	97.4	96.1	91.9	87.1
Import-weighted	99.2	98.1	96.8	92.5	87.1
Export-weighted③	97.3	96.7	95.5	91.3	87.2
As at end of year④
Australian Dollar	6.06	5.68	6.13	6.87	5.37
Canadian Dollar	6.46	6.67	6.68	7.99	6.37
Chinese Renminbi  (per HKD100)	106.38	104.16	100.45	93.14	88.64
Euro②	10.60	9.18	10.26	11.49	10.93
Japanese Yen	0.0758	0.0659	0.0654	0.0697	0.0860
Malaysian Ringgit	2.05	2.05	2.20	2.36	2.24
New Taiwan Dollar	0.242	0.239	0.245	0.248	0.246
Philippines Peso	0.143	0.150	0.166	0.190	0.168
Pound Sterling	14.99	13.36	15.22	15.59	11.21
Korean Won	0.0075	0.0077	0.0084	0.0083	0.0062
Singapore Dollar	4.77	4.67	5.07	5.43	5.38
Swiss Franc	6.86	5.90	6.38	6.93	7.33
Thai Baht	0.199	0.189	0.220	0.262	0.223
US Dollar	7.774	7.753	7.775	7.802	7.751
Special Drawing Right	12.07310	11.08113	11.69521	12.32911	11.93863
Effective Exchange Rate Indices
for the Hong Kong Dollar
(January 2000=100)
Trade (import and export)-weighted	96.0	98.4	94.3	88.6	88.3
Import-weighted	96.8	99.1	94.9	89.0	87.7
Export-weighted③	95.2	97.7	93.6	88.3	89.0
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.