7
Table 1: Net turnover in foreign exchange by authorized institutions - Currency composition
(US$ equivalent, Billion)
Currencies
Apr 1992
Average daily
Apr 1995
net turnover!!!
% share
% change over 1992
Apr 1992
Apr 1995
Hong Kong dollar against:
+
US dollar
8.2
14.3
73.4
13.5
15.7
■
Others
0.6
1.0
79.3
0.9
1.I
Subtotal
8.8
15.3
73.8
14.5
16.9
US dollar against:
Deutschemark
16.3
22.8
40.0
26.8
25.2
-
Japanese yen
15.7
26.1
66.6
25.7
28.7
-
Swiss franc
2.8
3.6
29.5
4.6
4.0
-
Pound sterling
6.2
6.1
-0.5
10.1
6.8
-
· Australian dollar
1.5
2.7
84.6
2.4
3.0
+
Canadian dollar
1.9
1.5
-23.3
3.2
1.6
-
Others(2)
2.4
7.6
220.4
3.9
8.3
Subtotal
46.7
70.5
50.9
76.7
77.6
Cross currencies(3) :
·Japanese yen / Deutschemark
1.4
2.2
57.3
2.3
2.4
+
Pound sterling / Deutschemark
2.0
1.0
-50.5
3.4
1.1
-
Others
1.9
L.8
-5.6
3.2
2,0
Subtotal
5.4
5.0
-6.4
8.8
5.5
TOTAL
60.9
90.8
49.1
100.0
100.0
Note: (1) The net turnover figure is obtained after adjusting for double reporting between authorized institutions.
(2) For Apr 1995, "Others" include Malaysian Ringgit, the average daily turnover of which amounted to US$ 1.3 Bn
and accounted for 1.4 % share, corresponding figures for 1992 are not available.
(3) Direct trading between two currencies not involving the US dollar or the Hong Kong dollar.
(4) Net tumover by currency composition was not available for 1989.
(5) Figures may not add up to total due to rounding.
TABI XLS
JA..