- 1 -
2 4 2010 10 4.42008 10 4 11 5.1 CPI 3 7 3 1 10 11 20 [2010]40 12 1 16 10 2007 12 11 2 12 1 12 3 2011-2 -
E-mailstella_xu@cn.smbc.co.jp +20 10 10 100 3 (1) Phase 1 23-3 -
(2) Phase 2 (3) Phase 3 FC FC - 4 -
- 5 -
- 6 -
- 7 -
- 8 -
- 9 -
- 10 -
60 1 60 6 1 7 (1) 18 (2) (3) (4) (5) 2 18 60 18 55 5 6 (1) 1 ///[1996]29 1996 5 1 2 1998 4 14-11 -
(2) (3) 2 (4) (5) (6) 18 60 18 55 60 60 2010 2 3 60 4 5 6 3 2 4 12 5 65 6 [1996]176 1996 9 1 3 6 (1) (2) 5 (3) (4) 5-12 -
7 [2004]139 2004 9 30 1 3 1 (1) (2) (3) (4) (5) (2)(3) 5 2 2 4 (1) (2) (3) (4) (5) (6) 1 7 9 (1) - 13 -
60 8 65 60 65 65 65 8 3 9-14 -
- 15 -
- 16 -
- 17 -
- 18 -
- 19 -
CNY - SMBC December 2010 20116.5% 1USD=CNY 100JPY=CNY 1CNY=JPY Jan-04 6.6293 End of Quarter - Quarterly Range 7.9940 E of Q - Quarterly Range 12.51 E of Q - Quarterly Range 5.81% End of Quarter SMBC Bloomberg SMBC SMBC SMBC SMBC SMBC SMBC Bloomberg 11Q1 6.5200 6.5500 6.5170 6.6960 7.2440 6.9980 8.0750 13.80 12.40 14.30 6.06% 6.06% 11Q2 6.4100 6.4600 6.4070 6.5860 6.7470 6.5180 7.3170 14.80 13.70 15.30 6.31% 6.31% 11Q3 6.3400 6.3600 6.3370 6.4750 6.4690 6.2490 6.7630 15.50 14.80 16.10 6.56% 6.31% 11Q4 6.2500 6.2800 6.2470 6.4040 6.2500 6.0380 6.5340 16.00 15.30 16.60 6.81% 6.31% 12Q1 6.2300-6.2270 6.2620 5.9330 5.7320 6.3130 16.90 15.80 17.50 6.81% 6.31% 12Q2 6.2100-6.2070 6.2420 5.9140 5.7130 6.1820 16.90 16.20 17.50 6.81% -, SMBC Singapore 6.84 8.4 8.40 6.82 8.3 8.30 8.2 6.80 8.1 8.20 8.0 8.10 6.78 7.9 8.00 6.76 7.8 7.7 7.90 6.74 7.6 7.80 6.72 7.5 7.4 7.70 6.70 7.3 7.60 7.2 7.50 6.68 7.1 6.66 7.0 7.40 6.9 7.30 6.64 6.8 7.20 6.7 6.62 6.6 7.10 J F M A M J J A S O N D 01 02 03 04 05 06 07 08 09 10 J F M A M J J A S O N D, CFETS 3300 6000 3200 5500 3100 5000 3000 4500 4000 2900 3500 2800 3000 2700 2500 2600 2000 2500 1500 2400 1000 2300 500 J F M A M J J A S O N D 01 02 03 04 05 06 07 08 09 10 J F M A M J J A S O N D 01 02 03 04 05 06 07 08 09 10 120 118 116 114 112 110 108 106 104 102 100 98 96 94 92 90 01 02 03 04 05 06 07 08 09 10-20- 122 120 118 116 114 112 110 108 106 104 102 100 98 96 94 92 90 88 86 4.6% 4.4% 4.2% 4.0% 3.8% 3.6% 3.4% 3.2% 3.0% 2.8% 2.6% 2.4% 2.2% 2.0% 1.8% 1.6% 122526 1 25bps10 1227 6182.97% 5.59% 6.5% 5.5%
TWD - SMBC December 2010 1USD=TWD 100JPY=TWD 1TWD=JPY Jan-04 29.68 End of Quarter - Quarterly Range 35.79 E of Q - Quarterly Range 2.7950 E of Q - Quarterly Range 1.500% End of Quarter SMBC Bloomberg SMBC SMBC SMBC SMBC SMBC SMBC Bloomberg 11Q1 29.50 29.70 29.20 30.00 32.80 31.60 36.20 3.0510 2.7670 3.1700 1.750% 1.750% 11Q2 32.00 29.50 29.20 32.60 33.70 32.50 35.20 2.9690 2.8290 3.0840 1.875% 1.875% 11Q3 32.40 29.25 31.70 33.00 33.10 31.90 34.60 3.0250 2.8830 3.1430 2.000% 2.000% 11Q4 32.80 29.00 32.10 33.40 32.80 31.60 34.30 3.0490 2.9050 3.1680 2.125% 2.125% 12Q1 33.20-32.80 33.80 31.60 30.40 33.10 3.1630 3.0140 3.2860 2.250% 2.250% 12Q2 33.20-32.80 33.80 31.60 30.40 33.10 3.1630 3.0140 3.2860 2.250% -, SMBC Singapore 32.6 32.4 32.2 32.0 31.8 31.6 31.4 31.2 31.0 30.8 30.6 30.4 30.2 30.0 29.8 29.6 J F M A M J J A S O N D 01 02 03 04 05 06 07 08 09 10, Taipei Forex Inc. 9000 10000 8800 9500 9000 8600 8500 8400 8000 8200 7500 7000 8000 6500 7800 6000 7600 5500 5000 7400 4500 7200 4000 7000 3500 J F M A M J J A S O N D 01 02 03 04 05 06 07 08 09 10 J F M A M J J A S O N D 01 02 03 04 05 06 07 08 09 10 102 101 100 99 98 97 96 95 94 93 92 91 90 89 88 87 86 85 84 83 82 81 01 02 03 04 05 06 07 08 09 10-21- 35.5 35.0 34.5 34.0 33.5 33.0 32.5 32.0 31.5 31.0 30.5 30.0 29.5 106 104 102 100 98 96 94 92 90 88 86 84 82 80 78 76 74 72 70 J F M A M J J A S O N D 38.5 38.0 37.5 37.0 36.5 36.0 35.5 35.0 34.5 34.0 33.5 33.0 0.60% 0.59% 0.58% 0.57% 0.56% 0.55% 0.54% 0.53% 0.52% 0.51% 0.50% 0.49% 0.48% 0.47% 1214 NT$30 NT$29 20111 ECFA 2
HKD - SMBC December 2010 1USD=HKD 100JPY=HKD 1HKD=JPY Jan-04 7.7807 End of Quarter - Quarterly Range 9.3814 E of Q - Quarterly Range 10.66 E of Q - Quarterly Range 0.50% End of Quarter SMBC Bloomberg SMBC SMBC SMBC SMBC SMBC SMBC Bloomberg 11Q1 7.8000 7.7600 7.7500 7.8500 8.6670 8.3390 9.4760 11.50 10.60 12.00 0.50% - 11Q2 7.8000 7.7600 7.7500 7.8500 8.2110 7.9000 8.7550 12.20 11.40 12.70 0.50% - 11Q3 7.8000 7.7600 7.7500 7.8500 7.9590 7.6580 8.2940 12.60 12.10 13.10 0.50% - 11Q4 7.8000 7.7600 7.7500 7.8500 7.8000 7.5050 8.1290 12.80 12.30 13.30 1.00% - 12Q1 7.8000-7.7500 7.8500 7.4290 7.1480 7.8790 13.50 12.70 14.00 1.50% - 12Q2 7.8000-7.7500 7.8500 7.4290 7.1480 7.7420 13.50 13.00 14.00 2.00% -, SMBC Singapore 7.805 7.84 7.800 7.83 7.795 7.82 7.790 7.81 7.785 7.80 7.79 7.780 7.78 7.775 7.77 7.770 7.76 7.765 7.75 7.760 7.74 7.755 7.73 7.72 7.750 7.71 7.745 7.70 J F M A M J J A S O N D 01 02 03 04 05 06 07 08 09 10 J F M A M J J A S O N D 25500 32000 25000 30000 24500 28000 24000 26000 23500 23000 24000 22500 22000 22000 20000 21500 18000 21000 16000 20500 14000 20000 19500 12000 19000 10000 18500 8000 J F M A M J J A S O N D 01 02 03 04 05 06 07 08 09 10 J F M A M J J A S O N D 01 02 03 04 05 06 07 08 09 10 108 106 104 102 100 98 96 94 92 90 88 86 84 82 80 01 02 03 04 05 06 07 08 09 10-22- 115 110 105 100 95 90 85 80 75 70 65 9.8 9.7 9.6 9.5 9.4 9.3 9.2 9.1 9.0 8.9 8.8 8.7 8.6 8.5 8.4 8.3 8.2 8.1 0.60% 0.55% 0.50% 0.45% 0.40% 0.35% 0.30% 0.25% 0.20% 0.15% 0.10% 11 2.6%20 3HIBOR0.30.35% HIBOR-2.3% CNH 2.5%