THURSDAY, SEPTEMBER 24, 1992
Table 1: Gross turnover in foreign exchange by authorized institutions
Currency composition
(US$ equivalent, million)
Average daily gross(net) turnover@
% share
Apr 1989
Apr 1992
% change*
Apr 1989
Apr 1992
Currencies
Hong Kong dollar against:
—
—
US dollar
Others
8,297
13,184 ( 8,241)
58.9
13.8
18.1 (13.5)
788
Sub-total
9,085
577 ( 13,761 ( 8,810)
569)
-26.8
1.3
0.8 (
0.9)
51.5
15.1
18.8 ( 14.5)
US dollar against:
Deutschemark
12,415
19,091 (16,325 )
53.8
20.7
26.1 (
26.8)
- Japanese yen
15,432
17,197 ( 15,665 )
11.4
25.7
23.6(
25.7)
Swiss franc
6,768
3,076 (
2,794)
-54.6
113
4.2 (
4.6)
—
Pound sterling
7,619
7,130
6,164)
-6.4
12.7
9.8(
10.1)
Australian dollar
2,820
1,702 (
1,488 )
-39.6
4.7
2,3 (
2.4)
-
Canadian dollar
1,088
2,257 (
1,926)
107.4
1.8
3.1 (
3.2)
- French franc
260
656 (
575)
152.3
0.4
0.9 (
0.9)
-
ECU
NA.
338 (
316)
NA.
NA.
0.5 (
0.5)
Others
1,250
1,645 (
1,468)
31.6
2.1
2.3 (
2.4)
47,652
53,092 (46,721 )
11.4
79.4
72.7 (
76.7)
Sub-total
Cross currencies+:
-
Japanese yen/Deutschemark
NA.
1,581 ( 1,387 )
NA.
NA
2.2 (
23)
- Pound sterling/Deutschemark
NA.
2,451 (2,041)
NA.
NA
3.4 (
3.4)
-
Others
NA.
2,134 ( 1,949)
NA.
N.A.
2.9 (
3.2)
Sub-total
3,195
6,166 ( 5,377)
93.0
5.3
8.4 (
8.8)
ECU denominated:
118
NA (
NA.)
N.A.
0.2
NA. (NA)
TOTAL
60,051
73,019 (60,906)
21.6
100,0
100.0 ( 100.0)
Note: Figures may not add up to total due to rounding.
@The net turnover figure is obtained after adjusting for double reporting between authorized institutions.
* Increase in gross turnover, net turnover by currency composition was not available for 1989. + Direct trading between two currencies not involving the US dollar or the Hong Kong dollar. NA. Not available
/TABLE 2