XN000022-1992-09-24 — Page 9

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