Table 10
APPENDICES
(Chapter 4: Financial and Monetary Affairs)
Exchange Rates of the Hong Kong Dollar Against Selected Major Currencies
Effective exchange rate index for the HK dollarl Trade (import and export )-weighted (Jan. 2000 = 100)
Sterling
US dollar
Deutsche Euro(2)
-mark
Japanese yen
Special Drawing Right
End of period 1998
(HK dollar to per unit of foreign currency)
12.86
7.746
2002
12.51
7.798
2003
13.83
7.763
4.62 N.A (2) N.A (2)
N.A.(2) 8.17
9.77
0.0682 0.0657 0.0726
10.90660
100.3
10.60154
102.0
11.53559
98.8
Notes: (1) New series released since 2 January 2002. The effective exchange rate index for the Hong Kong dollar is derived from the weighted average
of nominal exchange rates of the Hong Kong dollar against 14 major currencies.
(2) Euro was launched on 1 January 1999. As from 1 January 2002, Euro has replaced national currencies of its participating countries
(including Deutsche-mark).
Source: Hong Kong Monetary Authority.
(Enquiry Telephone No.: 2878 8222)
Table 11
(Chapter 4: Financial and Monetary Affairs)
Money Supply
MI@
Hong Kong dollar
Foreign currency
Total
M3(@
Hong Kong dollar (2)
Foreign currency (3)
Total
HK$ Billion
1998
2002
2003
178.3
259.4
354.7
19.4
36.2
58.7
197.7
295.7
413.4
(-5.2)
(+14.6)
(+39.8)
1,840.8
2,004.2
2,122.8
1,327.4
1,557.9
1,734.6
3,168.2
3,561.9
3,857.5
(+10.3)
(-0.9)
(+8.3)
Notes: Figures in brackets refer to percentage changes over the same period of the preceding year.
Figures are revised on a monthly basis to take into account any subsequent amendments submitted by authorised institutions.
(1) As from June 2002, short-term Exchange Fund placements of less than one month are included under time deposits as part of the
monetary aggregates. The revised data series are backdated to April 1997.
(2) Adjusted to include foreign currency swap deposits.
(3) Adjusted to exclude foreign currency swap deposits.
Source: Hong Kong Monetary Authority.
(Enquiry Telephone No.: 2878 8222)
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