1997/98 Average Exchange Rates of Major Foreign Currencies for Salaries Tax Purposes

Average Buying Rate in Hong Kong Dollar

( Buying rate is used to convert chargeable income received in foreign currency into Hong Kong dollars )

This table basically consists of 9 columns. The first column is the average buying rate from 1.4.1997 to last day of month. The second column is the average buying rate for US Dollar. The third column is the average buying rate for Pound Sterling. The fourth column is the average buying rate for Canadian Dollar. The fifth column is the average buying rate for Deutsche Mark. The sixth column is the average buying rate for Swiss Franc. The seventh column is the average buying rate for Japanese Yen (per 100). The eighth column is the average buying rate for Australian Dollar. The ninth column is the average buying rate for HK$100 for Renminbi (Chinese Yen).
From 1.4.1997 to last day of month	US Dollar	Pound Sterling	Canadian Dollar	Deutsche Mark	Swiss Franc	Japanese Yen (per 100)	Australian Dollar	HK $100 for Renminbi (Chinese Yen)
Apr 1997	7.7268	12.5242	5.5619	4.5144	5.2773	6.1406	6.0161	107.1248
May	7.7236	12.5365	5.5831	4.5203	5.3291	6.3082	6.0006	107.1406
Jun	7.7227	12.5656	5.5845	4.5033	5.3358	6.4571	5.9435	107.1143
Jul	7.7228	12.6428	5.5932	4.4533	5.3020	6.5187	5.8899	107.0900
Aug	7.7223	12.5878	5.5887	4.3988	5.2588	6.5250	5.8565	107.0773
Sept	7.7222	12.5469	5.5871	4.3842	5.2536	6.5038	5.8131	107.0631
Oct	7.7205	12.5424	5.5844	4.3841	5.2595	6.4810	5.7762	107.0695
Nov	7.7188	12.5913	5.5695	4.3921	5.2863	6.4414	5.7248	107.0806
Dec	7.7189	12.6108	5.5530	4.3858	5.2940	6.3890	5.6582	107.0679
Jan 1998	7.7190	12.6077	5.5354	4.3725	5.2862	6.3450	5.5969	107.0609
Feb	7.7190	12.6009	5.5214	4.3618	5.2839	6.3265	5.5598	107.0570
Mar	7.7191	12.6141	5.5157	4.3506	5.2750	6.2996	5.5272	107.0485

Average Selling Rate in Hong Kong Dollar

( Selling rate is used to convert deductible expense paid in foreign currency into Hong Kong dollars )

This table basically consists of 9 columns. The first column is the average selling rate from 1.4.1997 to last day of month. The second column is the average selling rate for US Dollar. The third column is the average selling rate for Pound Sterling. The fourth column is the average selling rate for Canadian Dollar. The fifth column is the average selling rate for Deutsche Mark. The sixth column is the average selling rate for Swiss Franc. The seventh column is the average selling rate for Japanese Yen (per 100). The eighth column is the average selling rate for Australian Dollar. The ninth column is the average selling rate for HK$100 for Renminbi (Chinese Yen).
From 1.4.1997 to last day of month	US Dollar	Pound Sterling	Canadian Dollar	Deutsche Mark	Swiss Franc	Japanese Yen (per 100)	Australian Dollar	HK $100 for Renminbi (Chinese Yen)
Apr 1997	7.7518	12.6749	5.6062	4.5423	5.3298	6.1795	6.0608	107.1248
May	7.7486	12.6835	5.6279	4.5467	5.3810	6.3438	6.0450	107.1406
Jun	7.7477	12.7160	5.6309	4.5310	5.3902	6.4898	5.9899	107.1143
Jul	7.7479	12.7863	5.6401	4.4819	5.3580	6.5522	5.9370	107.0900
Aug	7.7476	12.7309	5.6363	4.4283	5.3152	6.5589	5.9041	107.0773
Sept	7.7478	12.6901	5.6351	4.4138	5.3106	6.5373	5.8615	107.0631
Oct	7.7469	12.6875	5.6318	4.4142	5.3169	6.5190	5.8250	107.0695
Nov	7.7456	12.7360	5.6165	4.4224	5.3440	6.4795	5.7731	107.0806
Dec	7.7461	12.7544	5.6001	4.4166	5.3518	6.4262	5.7062	107.0679
Jan 1998	7.7464	12.7512	5.5827	4.4032	5.3442	6.3815	5.6449	107.0609
Feb	7.7463	12.7440	5.5688	4.3923	5.3416	6.3624	5.6077	107.0570
Mar	7.7467	12.7578	5.5634	4.3810	5.3329	6.3350	5.5753	107.0485