reflecting the global weakness of
weakness of the US dollar,
the US dollar, the overall
value of the Hong Kong dollar, measured in terms of the
trade-weighted exchange
further, by 1.5% during this period (paragraphs 3.16 and 3.17).
rate index (2), fell
Deposits
3.3
Hong Kong dollar deposits grew faster in the third quarter than in the second quarter of this year
During
(3).
the third quarter, such deposits grew by 4.0% to $229 billion. by the end of September. Compared with September last year, the growth rate was 11.4%. After adjusting for swap
/deposits
(2)
(3)
The trade-weighted exchange rate index is an indicator of the average position of the Hong Kong dollar against a fixed basket of other currencies. The 15
15 countries whose currencies are included are selected on account of their importance in Hong Kong's trade and in the world trade, and the weights reflect the relative importance of the 15 countries in Hong Kong's visible trade.
Growth rates of deposits
with banks and deposit-taking companies (%)
During the period
Hong Kong dollar deposits
Foreign currency deposits
Total
1985 01
aaaa
+2.5
+6.8
+4.6
Q2
+3.3
+6.3
+4.8
Q3
+0.6
+9.7
+5.1
Q4
+3.0
+8.5
+5.9
1986 01
+2.0
+7.8
+5.1
Q2
+1.9
+6.3
+4.3
Q3
+4.0
+9.1
+6.8
Amount of deposits as at the end of Sept. 1986 (HK$Mn)
229,292
296,235
525,527
21
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