1998/99 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 10 columns. The first column is the average buying rate from 1.4.1998 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 Euro. The tenth column is the average buying rate for HK$100 for Renminbi (Chinese Yen).
From 1.4.1998 to last day of month	US Dollar	Pound Sterling	Canadian Dollar	Deutsche Mark	Swiss Franc	Japanese Yen (per 100)	Australian Dollar	Euro*	HK $100 for Renminbi (Chinese Yen)
Apr 1998	7.7234	12.8599	5.4094	4.2579	5.1202	5.8545	5.0413		106.8823
May	7.7232	12.7307	5.3836	4.3019	5.1623	5.7831	4.9616		106.8944
Jun	7.7227	12.7157	5.3489	4.3034	5.1612	5.6982	4.8612		106.9132
Jul	7.7227	12.6986	5.3130	4.3013	5.1431	5.6473	4.8402		106.8958
Aug	7.7228	12.6725	5.2586	4.3040	5.1458	5.5873	4.7848		106.8882
Sept	7.7229	12.7135	5.2283	4.3415	5.2011	5.6119	4.7447		106.8682
Oct	7.7227	12.7579	5.1972	4.3955	5.2845	5.7383	4.7528		106.8475
Nov	7.7221	12.7590	5.1741	4.4201	5.3180	5.8239	4.7695		106.8428
Dec	7.7219	12.7638	5.1556	4.4416	5.3532	5.9078	4.7701		106.8377
Jan 1999	7.7220	12.7533	5.1477	4.4536	5.3731	5.9993	4.7792	8.9222	106.8353
Feb	7.7220	12.7281	5.1481	4.4510	5.3750	6.0605	4.7939	8.8152	106.8304
Mar	7.7209	12.7067	5.1433	4.4376	5.3657	6.0930	4.7997	8.6964	106.8294

* Exchange rates of Euro are available since January 1999.

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 10 columns. The first column is the average selling rate from 1.4.1998 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 Euro. The tenth column is the average selling rate for HK$100 for Renminbi (Chinese Yen).
From 1.4.1998 to last day of month	US Dollar	Pound Sterling	Canadian Dollar	Deutsche Mark	Swiss Franc	Japanese Yen (per 100)	Australian Dollar	Euro*	HK $100 for Renminbi (Chinese Yen)
Apr 1998	7.7523	13.0093	5.4596	4.2879	5.1812	5.8859	5.0913		106.8823
May	7.7526	12.8805	5.4345	4.3321	5.2240	5.8143	5.0116		106.8944
Jun	7.7528	12.8656	5.3995	4.3336	5.2238	5.7286	4.9112		106.9132
Jul	7.7529	12.8485	5.3646	4.3314	5.2051	5.6780	4.8902		106.8958
Aug	7.7532	12.8226	5.3100	4.3342	5.2075	5.6179	4.8349		106.8882
Sept	7.7532	12.8636	5.2795	4.3717	5.2633	5.6424	4.7948		106.8682
Oct	7.7529	12.9080	5.2482	4.4257	5.3465	5.7686	4.8028		106.8475
Nov	7.7523	12.9091	5.2249	4.4500	5.3797	5.8542	4.8195		106.8428
Dec	7.7521	12.9179	5.2063	4.4733	5.4163	5.9393	4.8206		106.8377
Jan 1999	7.7522	12.9118	5.1986	4.4876	5.4379	6.0319	4.8300	9.0334	106.8353
Feb	7.7522	12.8920	5.1994	4.4870	5.4415	6.0950	4.8452	8.8850	106.8304
Mar	7.7519	12.8695	5.1936	4.4739	5.4300	6.1288	4.8501	8.7463	106.8294

* Exchange rates of Euro are available since January 1999.