5
THURSDAY, FEBRUARY 15, 1990
HONG KONG RANKS 6TH IN FOREIGN EXCHANGE SURVEY
MARKET
(BIS),
ACCORDING TO A REPORT ON GLOBAL FOREIGN EXCHANGE ACTIVITY PUBLISHED BY THE BANK FOR INTERNATIONAL SETTLEMENTS HONG KONG RANKED SIXTH AMONG THE 21 CENTRES PARTICIPATING IN A GLOBAL FOREIGN EXCHANGE MARKET SURVEY CONDUCTED IN APRIL 1989, FOLLOWING THE UK, THE USA, JAPAN, SWITZERLAND AND SINGAPORE.
1
"OF AN ESTIMATED GLOBAL DAILY TURNOVER OF US$640 BILLION AROUND EIGHT PER CENT INVOLVED THE FOREIGN EXCHANGE MARKET OF HONG KONG, A GOVERNMENT SPOKESMAN SAID TODAY (THURSDAY).
IN
OF
"THE PATTERN OF FOREIGN EXCHANGE ACTIVITIES IN HONG KONG, TERMS OF CURRENCY COMPOSITION, COUNTERPARTY ANALYSIS AND TYPE TRANSACTION, IS BROADLY CONSISTENT WITH THAT OF GLOBAL FOREIGN EXCHANGE TRANSACTIONS, HE ADDED.
"THE MAJOR FINDINGS OF THE HONG KONG SURVEY HAVE BEEN SET OUT IN A SPECIAL REVIEW ARTICLE IN THE SEPTEMBER 1989 ISSUE OF THE HONG KONG MONTHLY DIGEST OF STATISTICS, THE SPOKESMAN POINTED OUT.
FOREIGN INCLUDES
THE REPORT PRODUCED BY BIS CONTAINS SUMMARY RESULTS OF EXCHANGE MARKET SURVEYS IN 21 COUNTRIES OR CITIES. IT ALSO AN OVERALL ASSESSMENT OF THE SCALE AND STRUCTURE OF GLOBAL FOREIGN EXCHANGE BUSINESS.
A LIMITED NUMBER OF COPIES ARE AVAILABLE AT THE MONETARY AFFAIRS BRANCH. ANYONE PROFESSIONALLY INTERESTED IN THIS REPORT MAY WRITE TO MONETARY STATISTICS UNIT, MONETARY AFFAIRS BRANCH, 24TH FLOOR, ADMIRALTY CENTRE, TOWER 2, 18 HARCOURT ROAD, HONG KONG TO REQUEST A COPY.
THE FOLLOWING IS A TABLE EXCHANGE TURNOVER IN APRIL 1989:
SHOWING AVERAGE DAILY FOREIGN
COUNTRY
UNITED KINGDOM
UNITED STATES
JAPAN
SWITZERLAND
SINGAPORE
HONG KONG
AVERAGE DAILY FOREIGN
EXCHANGE TURNOVER IN APRIL 1989
(US$BN)
187
129
115
57
55
49
/AUSTRALIA