CNY/JPY exchange rate in 2006

Average14.59

High15.27Dec 29, 2006

Low13.66May 17, 2006

Change vs prior year-end+4.64%

Volatility (annualised)8.8%255 days

Monthly average, high and low

Month	Avg	High	Low	Month-end	vs prior
Jan	14.32	14.62	14.07	14.55	-0.24%
Feb	14.65	14.78	14.45	14.47	-0.58%
Mar	14.60	14.79	14.42	14.68	+1.43%
Apr	14.60	14.82	14.26	14.26	-2.86%
May	13.94	14.23	13.66	13.99	-1.90%
Jun	14.33	14.57	13.94	14.34	+2.52%
Jul	14.48	14.71	14.25	14.33	-0.06%
Aug	14.54	14.73	14.39	14.73	+2.80%
Sep	14.76	14.92	14.58	14.92	+1.31%
Oct	15.02	15.13	14.86	14.95	+0.20%
Nov	14.92	15.03	14.74	14.82	-0.87%
Dec	14.98	15.27	14.65	15.27	+2.98%

Jan-0.24%

Feb-0.58%

Mar+1.43%

Apr-2.86%

May-1.90%

Jun+2.52%

Jul-0.06%

Aug+2.80%

Sep+1.31%

Oct+0.20%

Nov-0.87%

Dec+2.98%

Calculated from ECB euro reference rates (each business day, around 14:15 CET). Not trading rates.