510 | Appendices
Table 10
(Chapter 4: Financial and Monetary Affairs)
Exchange Rates of the Hong Kong Dollar Against Selected Major Currencies
Effective exchange rate index for the HK dollar(1)
Trade (import and export)-weighted (Jan. 2000 = 100)
Sterling
US dollar
Deutsche -mark
Euro(2)
Japanese yen
Special Drawing Right
End of period 1999 2003
12.59
13.83
7.763
2004
14.99
7.774
4.00 N.A (2) N.A (2)
(HK dollar to per unit of foreign currency) 7.771
7.82
0.0761
9.77 10.60
0.0726
10.65365 11.53559
100.1
98.8
0.0758
12.07310
96.0
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
1999
2003
HK$ Billion
2004
M1@
Hong Kong dollar
205.3
354.8
412.6
Foreign currency
19.8
58.7
71.9
Total
225.2
413.4
484.5
(+13.9)
(+39.8)
(+17.2)
M3 (1)@
Hong Kong dollar (2)
Foreign currency (3)
Total
1,935.5
2,122.9
2,219.5
1,499.0
1,735.2
1,970.0
3,434.5
3,858.0
4,189.5
(+8.4)
(+8.3)
(+8.6)
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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