2023/24 Average Exchange Rates of Major 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 )

2023/24 Average Exchange Rates of Major Foreign Currencies for Salaries Tax Purposes
From 1.4.2023 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 Yuan)
2023 Apr	7.8247	9.7062	5.7911	8.6994	5.8214	5.2088	8.5743	87.7175
May	7.8180	9.7137	5.7805	8.6922	5.7513	5.1916	8.5266	88.4707
Jun	7.8144	9.7501	5.8068	8.6753	5.6701	5.2002	8.4984	89.4077
Jul	7.8087	9.8140	5.8254	8.7304	5.6270	5.2059	8.5246	89.9568
Aug	7.8071	9.8276	5.8155	8.7560	5.5751	5.1719	8.5195	90.3000
Sep	7.8067	9.7985	5.8050	8.7422	5.5230	5.1420	8.4880	90.5429
Oct	7.8056	9.7506	5.7868	8.7232	5.4757	5.1115	8.4508	90.7162
Nov	7.8027	9.7357	5.7710	8.7212	5.4376	5.1014	8.4442	90.8319
Dec	7.8006	9.7457	5.7725	8.7494	5.4318	5.1109	8.4480	90.8472
2024 Jan	7.7997	9.7584	5.7750	8.7801	5.4195	5.1155	8.4520	90.8535
Feb	7.7992	9.7638	5.7742	8.7889	5.3988	5.1114	8.4477	90.8519
Mar	7.7989	9.7739	5.7719	8.7870	5.3813	5.1097	8.4493	90.8419

Average Selling Rate in Hong Kong Dollar

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

2023/24 Average Exchange Rates of Major Foreign Currencies for Salaries Tax Purposes
From 1.4.2023 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 Yuan)
2023 Apr	7.8807	9.8600	5.8730	8.7903	5.9133	5.2907	8.6562	87.7175
May	7.8739	9.8672	5.8623	8.7831	5.8431	5.2733	8.6083	88.4707
Jun	7.8703	9.9035	5.8885	8.7661	5.7618	5.2819	8.5801	89.4077
Jul	7.8646	9.9674	5.9071	8.8213	5.7187	5.2876	8.6063	89.9568
Aug	7.8630	9.9809	5.8972	8.8469	5.6668	5.2535	8.6012	90.3000
Sep	7.8626	9.9519	5.8867	8.8330	5.6147	5.2237	8.5697	90.5429
Oct	7.8615	9.9041	5.8685	8.8141	5.5675	5.1932	8.5326	90.7162
Nov	7.8586	9.8891	5.8527	8.8121	5.5293	5.1831	8.5259	90.8319
Dec	7.8566	9.8992	5.8543	8.8403	5.5235	5.1927	8.5298	90.8472
2024 Jan	7.8556	9.9119	5.8568	8.8710	5.5112	5.1972	8.5338	90.8535
Feb	7.8551	9.9174	5.8560	8.8798	5.4905	5.1931	8.5294	90.8519
Mar	7.8548	9.9274	5.8537	8.8779	5.4731	5.1914	8.5310	90.8419