2003/04 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 1.4.2002 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 1.4.2003 to last day of month	US Dollar	Pound Sterling	Canadian Dollar	Swiss Franc	Japanese Yen (per 100)	Australian Dollar	Euro	HK $100 for Renminbi (Chinese Yen)
Apr 2003	7.7600	12.1959	5.3170	5.6357	6.4741	4.7252	8.4273	106.0929
May	7.7600	12.3834	5.4683	5.7822	6.5426	4.8767	8.7071	106.0945
June	7.7600	12.5464	5.5598	5.8166	6.5480	4.9699	8.8243	106.0984
July	7.7600	12.5553	5.5802	5.7898	6.5487	5.0134	8.8243	106.0986
Aug	7.7600	12.5148	5.5776	5.7562	6.5458	5.0218	8.7898	106.0983
Sept	7.7584	12.5076	5.5949	5.7353	6.5785	5.0394	8.7760	106.1227
Oct	7.7519	12.5630	5.6276	5.7480	6.6448	5.0821	8.8109	106.2176
Nov	7.7488	12.6225	5.6592	5.7546	6.6987	5.1376	8.8405	106.2618
Dec	7.7465	12.7179	5.6835	5.7921	6.7500	5.1997	8.9107	106.2956
Jan 2004	7.7448	12.8491	5.7119	5.8344	6.8011	5.2735	8.9925	106.3215
Feb	7.7441	12.9920	5.7220	5.8687	6.8424	5.3404	9.0635	106.3322
Mar	7.7451	13.0888	5.7313	5.8854	6.8679	5.3795	9.1007	106.3199

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 1.4.2002 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 1.4.2003 to last day of month	US Dollar	Pound Sterling	Canadian Dollar	Swiss Franc	Japanese Yen (per 100)	Australian Dollar	Euro	HK $100 for Renminbi (Chinese Yen)
Apr 2003	7.8050	12.3459	5.3770	5.6855	6.5341	4.7852	8.5073	106.0929
May	7.8050	12.5334	5.5283	5.8327	6.6026	4.9367	8.7871	106.0945
June	7.8050	12.6964	5.6198	5.8674	6.6082	5.0299	8.9043	106.0984
July	7.8050	12.7053	5.6402	5.8404	6.6086	5.0734	8.9043	106.0986
Aug	7.8050	12.6648	5.6376	5.8068	6.6059	5.0818	8.8698	106.0983
Sept	7.8037	12.6576	5.6549	5.7858	6.6388	5.0994	8.8560	106.1227
Oct	7.7978	12.7130	5.6876	5.7993	6.7052	5.1421	8.8911	106.2176
Nov	7.7953	12.7725	5.7192	5.8070	6.7589	5.1976	8.9206	106.2618
Dec	7.7933	12.8679	5.7436	5.8453	6.8101	5.2597	8.9908	106.2956
Jan 2004	7.7919	12.9991	5.7720	5.8883	6.8610	5.3335	9.0725	106.3215
Feb	7.7915	13.1420	5.7820	5.9231	6.9025	5.4004	9.1436	106.3322
Mar	7.7928	13.2388	5.7914	5.9403	6.9279	5.4396	9.1807	106.3199