[Slide 1]
BOND YIELDS [EquitiLink Logo]
- --------------------------------------------------------------------------------
[Bar chart, with a vertical axis from 0% to 20%, showing the following
countries, on the horizontal axis, and their respective bond yields:]
Australia 5.99%
US 5.68%
Thailand 5.99%
Korea 8.30%
Asian Dollar Bonds 9.07%
Philippines 19.44%
Source: Bloomberg As at October 25, 2000
[Slide 2]
CURRENCY MOVEMENT vs US$ [EquitiLink Logo]
- --------------------------------------------------------------------------------
[Line graph numbered 65 to 115 on the vertical axis, showing the currency
movement on a daily basis from January 1, 1999 to October 26, 2000, as indicated
on the horizontal axis, for the Australian Dollar ("AUD"), Canadian Dollar
("CAD"), Pound Sterling ("GBP"), Euro ("EUR") and New Zealand Dollar ("NZD") on
an index of January 1999 = 100. The graph used the following data points:]
AUD CAD GBP EUR NZD
[date/month [yellow [pink [blue [green [red
/year] line] line] line] line] line]
1/01/99
4/01/99 100.00 100.00 100.00 100.00 100.00
5/01/99 99.91963999 101.5008264 99.66269124 99.35794543 99.74025974
6/01/99 100.9803922 101.574699 99.73497169 98.23434992 99.77736549
7/01/99 102.0572163 101.4739903 99.37356945 98.94398919 100.4638219
8/01/99 101.8643523 101.5679788 98.81339598 97.8710822 100.6493506
11/01/99 102.7161684 101.9659936 98.1929888 97.10230633 101.4100186
12/01/99 102.1697203 101.2664908 98.37368992 97.65988004 100.890538
13/01/99 101.4464802 100.8341544 99.41573304 98.58072147 100.0185529
14/01/99 101.1571842 100.0586587 99.77111191 98.75813128 99.90723562
15/01/99 101.9125683 100.7018695 99.39766293 97.6176396 100.3525046
18/01/99 101.9125683 100.6028834 99.51210698 98.10762862 99.66604824
19/01/99 102.6518804 100.3857974 99.74701843 97.95556306 99.79591837
20/01/99 102.8608165 100.9004272 99.16275148 97.70212047 100.3153989
21/01/99 102.9251045 101.3333333 99.53620046 98.01469967 100.6493506
22/01/99 101.7036323 101.1064278 99.59643416 97.89642646 100.4081633
25/01/99 101.3821922 101 99.84339236 97.44867787 99.07235622
26/01/99 101.1411122 101.0332346 99.93976629 97.65988004 99.79591837
27/01/99 100.9482482 101.1397325 99.25912541 96.679902 99.27643785
28/01/99 100.7714561 101.1997363 99.3434526 96.47714793 99.36920223
29/01/99 101.2857602 101.6352201 99.07842429 95.98715891 99.79591837
1/02/99 102.1857923 101.8307243 98.90976991 95.53941032 100.593692
2/02/99 102.4911604 101.3534033 98.80737261 95.89422996 101.187384
3/02/99 103.1501125 101.6554099 98.57246115 95.58165076 102.3191095
4/02/99 104.1465767 102.9299363 99.06637754 95.80130101 102.0779221
5/02/99 104.6287367 102.9644534 98.2953861 95.1761426 101.8181818
8/02/99 104.4519447 102.8816513 98.74111553 95.65768353 103.2096475
9/02/99 103.7608486 102.6546306 98.65678834 95.59009884 102.4675325
10/02/99 103.9376406 103.0197289 97.97012408 95.68302779 102.3562152
11/02/99 104.1465767 102.9437404 97.73521262 94.81287488 102.3376623
12/02/99 103.9376406 102.9299363 98.47608722 95.53096224 101.9480519
15/02/99 103.7126326 102.8265238 97.96410071 94.81287488 101.187384
16/02/99 102.0893603 102.6546306 98.44597037 94.69460167 99.96289425
17/02/99 102.1697203 102.7508199 98.53029755 95.02407705 100.0742115
18/02/99 102.2661524 103.2067227 98.49415733 94.57632846 100.0742115
19/02/99 102.9733205 103.1373866 97.6990724 93.51186956 100.8163265
22/02/99 103.0376085 102.7027027 97.93398386 93.10636141 100.3339518
23/02/99 102.9572485 102.7370675 97.23527286 92.9880882 100.0371058
24/02/99 101.8000643 102.4491158 96.22936996 92.9880882 98.84972171
25/02/99 100.4660881 101.58142 96.48837489 93.21618653 97.64378479
26/02/99 99.43747991 101.7025505 96.52451512 93.16549801 97.43970315
1/03/99 99.72677596 100.8871657 96.87387062 92.01655825 97.81076067
2/03/99 99.91963999 100.9004272 97.36778701 92.43051449 98.18181818
3/03/99 99.87142398 100.7613547 97.1449223 91.87294078 97.79220779
4/03/99 100.6750241 100.8540271 96.9401277 91.2308862 98.27458256
5/03/99 100.9803922 101.0664911 96.71123961 91.43364028 98.47866419
8/03/99 101.5107682 101.1797271 96.94615107 91.9827659 98.7755102
9/03/99 102.0411443 101.0797998 97.43404409 91.9236293 98.90538033
10/03/99 102.4590164 100.8142895 97.91591375 92.44741066 99.53617811
11/03/99 102.3786564 100.7150823 98.56041441 93.28377123 99.25788497
12/03/99 102.2661524 100.7349081 98.30140947 92.12638337 98.73840445
15/03/99 101.0768242 100.5567564 97.65088544 92.35448171 98.42300557
16/03/99 100.4821601 100.4843566 98.12070835 92.89515925 97.86641929
17/03/99 100.9482482 100.9136922 98.1929888 92.94584777 97.84786642
18/03/99 101.0768242 101.1197471 98.10263824 92.69240517 98.51576994
19/03/99 101.3339762 101.3667877 98.11468498 92.0503506 98.7755102
22/03/99 102.4911604 102.1219983 98.0484279 92.14327955 99.49907236
23/03/99 102.7322404 101.8037135 98.65678834 92.01655825 99.79591837
24/03/99 102.3947284 101.7767171 98.45199374 91.83070035 99.57328386
25/03/99 102.5393764 101.8915511 97.78339959 91.56880966 99.81447124
26/03/99 102.0893603 101.413661 97.81953981 91.23933429 99.2393321
29/03/99 101.5911283 101.4739903 97.31960005 90.66486441 98.90538033
30/03/99 100.7232401 101.7160273 97.10878207 90.66486441 98.51576994
31/03/99 101.9447123 101.9186085 97.04854837 90.918307 99.25788497
1/04/99 101.9607843 102.4012807 96.51246838 91.19709386 98.94248609
2/04/99 101.9607843 102.6203209 96.60884231 91.12106108 99.27643785
5/04/99 101.4625522 102.278481 96.37393085 90.49590268 98.5528757
6/04/99 101.0607522 102.1763727 95.86194434 91.49277689 98.57142857
7/04/99 100.8357441 102.5038392 96.14504277 91.02813213 98.44155844
8/04/99 100.6910961 102.4081115 96.74737983 90.74934527 98.90538033
9/04/99 101.5107682 102.3330223 97.00638477 91.21399003 99.4619666
12/04/99 102.1536483 102.9437404 97.09673533 91.27312664 100.4823748
13/04/99 102.2661524 103.0197289 97.38585713 91.08726873 100.2782931
14/04/99 101.8643523 102.7714553 97.05457174 91.25623046 100.148423
15/04/99 103.3269045 103.1512464 96.8979641 90.50435076 101.038961
16/04/99 104.0340726 103.8349679 97.21720275 90.43676607 101.2987013
19/04/99 104.7412408 103.276152 97.042525 90.05660218 101.8181818
20/04/99 103.8733526 103.0681437 96.93410432 89.76091915 101.1688312
21/04/99 103.8412086 103.3109017 96.71123961 89.4145476 101.2059369
22/04/99 104.6769527 103.7507603 97.3918805 89.93832897 101.8738404
23/04/99 104.7251688 104.0531381 97.02445488 89.5412689 101.7254174
26/04/99 104.2590807 104.0108401 97.07866522 89.46523612 101.7810761
27/04/99 104.4037287 103.7297297 97.40392724 90.07349835 101.8367347
28/04/99 105.2716168 104.2226748 97.16901578 89.71867872 102.6345083
29/04/99 106.059145 104.9350649 96.91603421 89.61730168 103.283859
30/04/99 106.268081 105.4033642 96.94615107 89.29627439 103.580705
3/05/99 106.6216651 106.0807076 96.92808095 89.27093013 103.9888683
4/05/99 106.091289 105.7300275 98.10263824 89.80315958 103.4137291
5/05/99 106.6698811 105.9123836 98.56041441 90.918307 103.7476809
6/05/99 107.7627772 105.5265329 98.75316227 91.1717496 104.6753247
7/05/99 108.0360013 105.3310463 98.1508252 90.87606657 104.1187384
10/05/99 107.0716811 105.0427643 97.90989037 91.08726873 103.6549165
11/05/99 107.6181292 105.3744251 97.76532948 90.49590268 104.174397
12/05/99 107.1841851 105.2588276 97.41597398 89.93832897 103.7105751
13/05/99 107.3609772 105.3382736 97.63883869 90.02280983 104.2300557
14/05/99 106.7180971 104.8347446 97.50632454 90.04815409 103.2467532
17/05/99 106.8466731 105.1506849 97.42802072 90.14953113 103.7847866
18/05/99 107.1359691 104.6061597 97.63883869 90.17487539 103.135436
19/05/99 106.027001 104.485129 97.37983375 90.07349835 102.1335807
20/05/99 106.155577 104.7060428 96.81363691 89.74402298 101.7625232
21/05/99 105.6894889 105.0859059 96.44018793 89.4145476 101.0204082
24/05/99 105.8341369 105.4612901 96.28960366 89.60885359 101.2615955
25/05/99 104.3072967 104.6204171 96.65702927 89.75247107 99.79591837
26/05/99 104.1947927 104.3927649 96.01252861 88.22336741 98.81261596
27/05/99 104.2430087 103.975618 96.2414167 88.05440568 99.20222635
28/05/99 104.8698168 104.2580645 96.50644501 88.1050942 99.33209647
31/05/99 104.2912247 104.1943803 96.53053849 88.02906142 99.07235622
1/06/99 103.5197686 103.4850017 97.1027587 88.26560784 97.97773655
2/06/99 103.5840566 103.7858302 96.63895916 87.51372814 97.60667904
3/06/99 104.3394407 104.0037938 96.6931695 87.21804511 97.99628942
4/06/99 105.8341369 104.449585 97.02445488 87.6657937 99.10946197
7/06/99 105.8662809 104.5919063 96.343814 87.25183746 98.84972171
8/06/99 105.7537769 104.0743 96.71726298 88.4176734 98.0148423
9/06/99 105.9305689 104.2722271 96.51246838 88.4176734 98.86827458
10/06/99 106.268081 104.9565871 96.67509939 88.55284278 99.61038961
11/06/99 106.9591771 105.0212067 97.38585713 88.86542198 100.2226345
14/06/99 106.6698811 105.1002944 96.75942658 88.05440568 99.94434137
15/06/99 105.8180649 104.863388 96.03059872 88.07974994 98.97959184
16/06/99 105.4805529 105.2011238 95.65714974 87.08287573 99.20222635
17/06/99 105.6412729 105.0068399 96.01252861 87.37855876 99.18367347
18/06/99 104.8537448 104.8347446 96.18720636 87.83475543 98.57142857
21/06/99 104.4519447 104.4140652 95.86194434 87.4123511 98.23747681
22/06/99 105.0948248 104.4424791 95.81375738 87.2264932 98.57142857
23/06/99 105.8180649 104.2793099 95.21744368 87.32787024 99.33209647
24/06/99 105.7698489 104.2580645 95.63305626 87.96147673 99.42486085
25/06/99 106.332369 104.7203274 95.6029394 88.11354228 99.18367347
28/06/99 105.5609129 104.485129 95.30177087 87.27718172 98.97959184
29/06/99 105.4644809 103.9544962 94.72955066 87.17580468 98.14471243
30/06/99 107.2645452 104.9278928 95.03674256 87.44614345 99.33209647
1/07/99 107.0556091 104.8275862 94.73557403 86.42392498 98.7755102
2/07/99 107.4252652 104.9565871 95.10299964 86.58443862 98.7755102
5/07/99 107.0556091 104.5705333 94.83797133 86.36478838 98.10760668
6/07/99 106.348441 104.3360065 94.07300325 86.4746135 97.3283859
7/07/99 107.2966892 104.485129 93.97060595 86.35634029 97.77365492
8/07/99 107.2324012 104.3856667 93.88025539 86.35634029 97.49536178
9/07/99 107.0395371 104.2863936 93.27189495 86.13669004 97.88497217
12/07/99 106.219865 103.8209238 93.80797494 85.70583763 97.21706865
13/07/99 105.8984249 103.6526906 93.82604505 85.91703979 96.88311688
14/07/99 105.8180649 103.6666892 94.22961089 85.62980485 96.77179963
15/07/99 106.268081 103.5897436 94.27177449 86.08600152 97.38404453
16/07/99 106.155577 103.5338549 94.10312011 86.17893047 97.17996289
19/07/99 104.6448087 103.0197289 95.24153716 87.12511616 96.84601113
20/07/99 103.8894246 102.9299363 94.70545717 87.86009969 96.93877551
21/07/99 104.1626487 102.4354441 95.09697627 88.70490834 97.9406308
22/07/99 104.2108647 101.8307243 95.27767739 88.77249303 98.12615955
23/07/99 104.0501446 101.9253751 95.04276593 88.73870068 98.25602968
26/07/99 103.9537126 101.6015884 95.79568727 89.94677705 97.69944341
27/07/99 103.7287046 101.4404652 95.80773401 89.82005576 97.3283859
28/07/99 103.9537126 101.8037135 96.1992531 90.07349835 97.43970315
29/07/99 104.5965927 101.9930906 97.43404409 90.6057278 98.20037106
30/07/99 104.8216008 101.8983141 97.67497892 90.48745459 98.36734694
2/08/99 104.5965927 102.0608962 97.34369353 90.31849286 98.0148423
3/08/99 105.1751848 102.8747571 97.59065173 90.22556391 98.84972171
4/08/99 105.8662809 103.0266425 97.57258162 91.03658021 99.40630798
5/08/99 105.1751848 102.5449202 97.1449223 90.88451466 98.53432282
6/08/99 104.9662488 102.0880436 96.91603421 90.74934527 98.05194805
9/08/99 105.1591128 102.2171916 96.78352006 90.53814311 98.18181818
10/08/99 104.8216008 102.5312229 97.27743645 90.47900651 98.05194805
11/08/99 104.5644487 103.2969991 97.15094567 90.03970601 98.21892393
12/08/99 104.3233687 103.3735102 97.04854837 90.17487539 98.12615955
13/08/99 104.8216008 103.9193123 96.63895916 89.27093013 98.47866419
16/08/99 104.2430087 103.4919779 96.4462113 89.38920335 97.86641929
17/08/99 104.3555127 103.9474575 96.57270208 88.76404494 98.10760668
18/08/99 104.0983607 103.4919779 96.48235152 88.87387007 99.03525046
19/08/99 102.0572163 102.7301927 97.37381038 89.9214328 98.20037106
20/08/99 102.2500804 102.627181 97.27743645 90.15797922 98.66419295
23/08/99 101.9929283 102.5106838 96.41609445 88.62042747 97.84786642
24/08/99 102.4268724 103.0404725 96.05469221 89.07662414 97.64378479
25/08/99 101.7036323 102.6409039 95.48849536 88.06285376 95.8812616
26/08/99 101.2214722 102.2852955 95.65714974 88.30784827 94.60111317
27/08/99 101.5107682 103.1235306 95.67521985 88.40077722 95.23191095
30/08/99 102.1697203 102.7576975 95.7896639 88.55284278 95.82560297
31/08/99 102.9733205 102.8471897 96.59679557 89.26248205 96.14100186
1/09/99 102.6036644 103.1997849 96.59679557 89.39765143 94.95361781
2/09/99 103.6322726 102.6409039 96.83773039 90.30159669 96.14100186
3/09/99 103.9376406 102.9920837 96.51849175 89.65109403 96.28942486
6/09/99 103.7929926 103.0473889 96.80761354 89.33851483 97.03153989
7/09/99 104.4037287 103.0889068 96.62088905 89.43989186 97.86641929
8/09/99 104.1626487 103.2067227 97.53644139 89.53282082 97.73654917
9/09/99 104.9662488 103.8911822 98.5001807 89.02593563 98.90538033
10/09/99 104.7090968 104.1166497 97.48825443 87.64044944 98.79406308
13/09/99 105.5126969 104.506467 96.83773039 88.06285376 99.27643785
14/09/99 104.8216008 104.1731696 96.86784725 87.50528005 97.99628942
15/09/99 104.4358727 103.9967484 97.22924949 87.93613247 97.30983302
16/09/99 104.0180006 104.0601911 97.78339959 87.71648222 97.27272727
17/09/99 103.9537126 104.3430979 97.78339959 88.05440568 97.43970315
20/09/99 103.1179685 103.8490158 97.70509577 87.47993579 96.73469388
21/09/99 104.2108647 104.0319848 98.34357306 88.62887556 97.42115028
22/09/99 104.6126647 104.3856667 98.13877846 88.18957506 97.06864564
23/09/99 104.3233687 104.1873091 99.0964944 88.7302526 96.93877551
24/09/99 104.5965927 104.2580645 98.90976991 88.18957506 95.97402597
27/09/99 104.8858888 104.5420497 99.17479822 88.38388105 95.84415584
28/09/99 105.6091289 105.0571409 99.29526563 88.9161105 95.39888683
29/09/99 104.7894568 104.756056 99.0543308 89.92988088 95.80705009
30/09/99 104.7894568 104.6346783 99.22298518 90.25935626 96.19666048
1/10/99 105.3519769 103.989704 99.65666787 90.6057278 95.54730983
4/10/99 106.428801 104.5206972 99.6928081 90.70710484 96.84601113
5/10/99 106.541305 104.2934783 99.72894832 90.70710484 97.03153989
6/10/99 106.300225 104.5278137 99.70485484 90.28470052 96.716141
7/10/99 105.9305689 104.3856667 99.49403686 90.53814311 96.25231911
8/10/99 105.1912568 104.3572837 99.46994338 89.82005576 95.28756957
11/10/99 105.3359049 104.2439058 99.56631731 89.87074428 95.69573284
12/10/99 105.4966249 104.039035 99.83134562 91.00278787 96.12244898
13/10/99 104.1626487 103.5897436 99.74701843 91.29002281 94.50834879
14/10/99 104.2430087 103.6876942 100.1385375 91.03658021 94.78664193
15/10/99 104.0180006 103.1651099 100.5722202 92.03345442 94.76808905
18/10/99 103.5197686 102.7576975 100.487893 91.34071133 94.39703154
19/10/99 104.1144327 103.0889068 100.7529213 91.45053645 95.12059369
20/10/99 103.9215686 103.3387184 100.1807011 90.80848188 95.2690167
21/10/99 104.5323047 103.6037252 100.8673654 91.25623046 95.73283859
22/10/99 104.3072967 103.9122783 99.86146247 90.31004477 95.54730983
25/10/99 104.8376728 104.2793099 100.1204674 90.18332348 95.64007421
26/10/99 104.5805207 104.1519674 99.55427057 89.4821323 95.2690167
27/10/99 103.5840566 104.2580645 99.27719552 88.8569739 94.39703154
28/10/99 103.8733526 104.2580645 98.71099867 88.79783729 94.84230056
29/10/99 102.7000964 104.3927649 99.07240092 89.11886458 94.37847866
1/11/99 102.6036644 104.7131846 98.94591013 88.81473346 94.56400742
2/11/99 103.1340405 104.4424791 99.15070473 88.93300667 94.7309833
3/11/99 103.2947605 104.5919063 98.95795687 88.61197939 95.17625232
4/11/99 102.4429444 104.9135516 97.71111914 87.64889752 95.47309833
5/11/99 102.7322404 104.5919063 97.54246476 88.0375095 95.25046382
8/11/99 102.4590164 104.3430979 97.57258162 87.71648222 94.56400742
9/11/99 102.7322404 104.1166497 97.741236 87.88544395 94.6567718
10/11/99 103.2144005 104.5705333 98.10866161 88.25715975 95.06493506
11/11/99 103.2304725 104.756056 97.70509577 87.90234012 95.15769944
12/11/99 103.6965606 104.9278928 97.28345982 87.16735659 95.82560297
15/11/99 103.8733526 104.7775048 97.66293218 87.2856298 96.7903525
16/11/99 103.2465445 104.9278928 97.35574027 87.03218721 95.8812616
17/11/99 102.7483124 104.4922407 97.79544633 87.99526907 95.2690167
18/11/99 102.7804564 104.7918089 97.23527286 86.98149869 95.25046382
19/11/99 102.7000964 104.9924771 97.56655825 87.01529104 94.61966605
22/11/99 102.3947284 105.0068399 97.60269847 87.19270085 94.50834879
23/11/99 102.2018644 104.6560774 97.86772678 86.83788122 94.89795918
24/11/99 101.7036323 104.698902 96.99433803 86.04376109 94.61966605
25/11/99 102.3786564 104.7203274 97.11480545 85.99307257 95.15769944
26/11/99 102.0572163 104.5776567 96.80761354 85.92548788 94.91651206
29/11/99 102.1857923 104.1519674 96.75942658 85.35101799 94.91651206
30/11/99 102.1536483 104.1661012 96.25948681 85.26653713 94.39703154
1/12/99 102.4429444 104.2085257 96.40404771 85.20740052 94.76808905
2/12/99 101.7357763 103.5548061 96.36188411 84.59069021 94.17439703
3/12/99 101.6072003 103.7507603 96.41007108 84.62448255 93.59925788
6/12/99 101.9447123 104.1590339 97.56053488 86.40702881 94.10018553
7/12/99 102.3947284 103.9404198 97.83158656 86.62667906 94.39703154
8/12/99 102.4429444 103.8349679 98.07252138 86.82943313 94.10018553
9/12/99 102.5715204 104.0672451 97.81953981 86.2887556 93.84044527
10/12/99 102.0572163 103.9404198 97.66895555 85.61290868 92.26345083
13/12/99 102.0572163 103.8419913 97.83158656 85.69738954 91.81818182
14/12/99 102.1697203 103.6526906 97.04854837 84.96240602 91.31725417
15/12/99 102.2018644 103.5338549 96.73533309 85.08067923 91.87384045
16/12/99 103.4233365 104.0460861 97.042525 85.91703979 94.17439703
17/12/99 103.3108325 103.8771229 96.63895916 85.21584861 94.19294991
20/12/99 103.3911925 103.7507603 96.94615107 85.60446059 94.60111317
21/12/99 103.6162006 104.0108401 97.16901578 85.19895244 95.76994434
22/12/99 103.4715526 104.0178874 96.95819781 85.26653713 95.78849722
23/12/99 103.6804886 104.399864 97.32562342 85.79876658 95.73283859
24/12/99 103.3751205 104.6346783 97.32562342 85.4101546 95.67717996
27/12/99 103.6965606 105.3310463 97.39790387 85.5960125 96.14100186
28/12/99 103.9376406 105.8539612 97.28345982 85.07223114 96.84601113
29/12/99 104.5965927 105.6427195 97.48223106 84.9117175 96.53061224
30/12/99 105.1591128 105.664533 97.30152994 85.20740052 97.05009276
31/12/99 105.5448409 106.1613996 97.47018432 85.00464645 96.716141
3/01/00 105.8341369 106.1100359 98.55439104 86.53375011 97.4025974
4/01/00 105.2716168 105.6790803 98.53632093 86.98149869 96.34508349
5/01/00 105.7377049 105.8758621 98.93988676 87.19270085 96.51205937
6/01/00 104.9983928 105.1578875 99.22900855 87.25183746 95.45454545
7/01/00 105.2555448 105.4540459 98.74111553 86.9730506 96.01113173
10/01/00 105.4484089 105.4540459 98.62064811 86.64357523 95.67717996
11/01/00 105.7216329 105.3671929 99.23503192 87.31942215 96.08534323
12/01/00 105.8662809 105.5845942 99.18082159 87.09132382 96.32653061
13/01/00 107.3449052 105.8247742 99.21696181 86.6604714 97.10575139
14/01/00 106.9913211 105.8831644 98.25924587 85.51153164 96.716141
17/01/00 106.7341691 105.9123836 98.37368992 85.51153164 96.38218924
18/01/00 106.9431051 105.8393657 98.65678834 85.63825294 95.86270872
19/01/00 106.6859531 105.7300275 99.08444766 85.60446059 95.47309833
20/01/00 107.0073931 106.1173706 99.60848091 85.90014362 95.51020408
21/01/00 106.541305 106.5001734 99.30731237 85.30877756 94.87940631
24/01/00 105.1591128 106.3305167 99.57234068 85.08912731 93.91465677
25/01/00 105.3359049 106.8857481 99.0964944 84.55689786 94.28571429
26/01/00 104.8376728 106.6481417 98.79532586 84.64137873 94.23005566
27/01/00 105.1269688 107.0049488 98.75316227 83.48399088 93.58070501
28/01/00 102.0572163 106.1467192 97.58462836 82.3434992 91.28014842
31/01/00 102.3786564 106.0294219 97.3497169 82.00557574 92.18923933
1/02/00 101.6232723 105.9781858 97.27141308 82.03936808 91.59554731
2/02/00 102.6679524 106.8708667 96.90398747 82.49556475 92.15213358
3/02/00 102.0250723 106.470629 96.20527647 83.58536791 91.76252319
4/02/00 102.5393764 106.5519156 95.88001446 83.06158655 92.11502783
7/02/00 101.8482803 105.9781858 96.24744007 82.91796908 91.65120594
8/02/00 101.5107682 106.3010663 97.05457174 83.25589254 91.18738404
9/02/00 102.2500804 106.3157895 97.3918805 83.99087607 91.61410019
10/02/00 100.6750241 106.0074575 96.95819781 83.24744445 90.7606679
11/02/00 101.3339762 105.8539612 95.98843513 83.42485427 91.09461967
14/02/00 100.6589521 105.3599616 95.65112637 82.64763031 90.16697588
15/02/00 101.3339762 105.4323192 96.13299602 82.91796908 90.51948052
16/02/00 101.5589842 105.6790803 96.83773039 83.32347723 91.41001855
17/02/00 101.6072003 105.8247742 96.91603421 83.45019853 91.68831169
18/02/00 101.1411122 105.8101868 96.45223467 83.12072316 91.15027829
21/02/00 100.5785921 105.4685353 96.40404771 83.44175044 90.42671614
22/02/00 99.96785599 105.0068399 97.13287556 84.80189237 90.87198516
23/02/00 99.88749598 105.1362827 96.60884231 84.7849962 90.77922078
24/02/00 98.92317583 105.6136489 96.39200096 83.80501816 90.44526902
25/02/00 98.85888782 106.0587219 96.09083243 82.36039537 90.48237477
28/02/00 98.81067181 105.7445929 96.12094928 82.02247191 90.27829314
29/02/00 99.29283189 105.897772 95.11504638 81.45645011 90.7606679
1/03/00 97.34811958 105.897772 95.49451873 82.17453747 90.38961039
2/03/00 97.44455159 105.3744251 94.96446211 81.57472333 90.40816327
3/03/00 97.78206365 105.846663 95.03071919 80.98335727 90.6122449
6/03/00 96.73738348 105.6281822 94.85604144 80.98335727 89.61038961
7/03/00 97.25168756 105.4902769 95.1933502 80.9664611 89.88868275
8/03/00 97.94278367 105.4395604 95.27165402 81.18611135 90.6122449
9/03/00 98.81067181 105.3382736 95.32586435 81.68454845 91.53988868
10/03/00 98.84281581 105.3382736 94.95843874 81.41420968 91.59554731
13/03/00 99.05175185 105.0427643 95.12106975 81.45645011 91.52133581
14/03/00 98.81067181 104.7918089 95.02469582 81.82816592 90.57513915
15/03/00 98.60173578 104.6346783 94.75966751 81.68454845 90.7606679
16/03/00 98.24815172 104.1873091 94.9885556 81.91264679 90.66790353
17/03/00 97.5088396 104.4922407 94.85604144 82.12384895 89.88868275
20/03/00 97.66955963 104.4993533 94.50066257 82.18298555 90.31539889
21/03/00 98.02314368 104.4637997 94.66931695 81.22835178 90.79777365
22/03/00 97.13918354 104.399864 95.13913986 81.18611135 90.29684601
23/03/00 97.36419158 104.506467 95.57282255 82.07316043 90.48237477
24/03/00 97.81420765 104.9135516 96.01855198 82.61383797 90.77922078
27/03/00 98.48923176 105.3093703 95.66317311 81.70989271 92.94990724
28/03/00 99.05175185 105.6063837 95.72340682 81.14387091 93.67346939
29/03/00 98.1195757 105.4540459 95.98843513 80.37509504 92.6716141
30/03/00 98.58566377 105.5482984 96.06071558 81.21145561 92.98701299
31/03/00 97.57312761 105.963556 95.83785086 80.70457041 92.11502783
3/04/00 97.81420765 105.8247742 96.15708951 80.70457041 93.00556586
4/04/00 97.18739955 105.6936317 95.96434165 81.06783813 92.91280148
5/04/00 97.41240759 105.8539612 95.45235514 81.31283264 93.33951763
6/04/00 96.65702347 105.6718062 95.25960728 80.9664611 93.00556586
7/04/00 96.20700739 105.2732634 95.13913986 80.70457041 92.80148423
10/04/00 95.67663131 104.9709402 95.5005421 81.32972882 92.09647495
11/04/00 95.75699132 104.8992142 95.50656547 81.03404579 92.54174397
12/04/00 96.12664738 104.9565871 95.68726659 81.01714962 92.31910946
13/04/00 96.15879139 104.2651453 95.56077581 80.45957591 92.44897959
14/04/00 96.04628737 103.9544962 95.57884592 81.28748838 92.44897959
17/04/00 94.95339119 103.3804714 95.19937357 80.48492017 91.65120594
18/04/00 95.5962713 103.6456927 94.99457897 79.85976176 91.92949907
19/04/00 95.74091932 103.989704 95.28972413 79.42890935 92.37476809
20/04/00 95.21054323 104.144902 95.12106975 79.19236293 91.59554731
21/04/00 95.53198329 104.2509847 95.13913986 79.28529188 91.61410019
24/04/00 95.56412729 103.9404198 95.07890616 79.24305145 91.83673469
25/04/00 95.38733526 104.5990325 95.24153716 77.78998057 91.74397032
26/04/00 94.53551913 104.1025293 94.90422841 78.01807891 90.33395176
27/04/00 94.3587271 103.9685765 94.68738706 76.86913914 90.29684601
28/04/00 93.84442302 103.7437492 93.44054933 77.03810087 90.03710575
1/05/00 93.63548698 103.7998648 93.57908686 77.36757624 90.42671614
2/05/00 93.94085503 103.5408377 93.98867606 76.87758723 89.94434137
3/05/00 95.17839923 102.7852169 94.03083966 75.59347808 91.07606679
4/05/00 95.0176792 102.6683609 92.83218889 75.14572949 91.02040816
5/05/00 95.85342334 103.0266425 92.17564149 75.77933598 91.31725417
8/05/00 93.41047895 102.9023393 92.35031924 75.83847259 89.49907236
9/05/00 94.10157506 102.9437404 92.22382845 76.66638506 89.40630798
10/05/00 93.31404693 102.8471897 91.05529454 76.60724846 88.33024119
11/05/00 93.36226294 103.1651099 90.56137815 76.16794796 88.86827458
12/05/00 93.37833494 103.3456749 91.56728105 77.69705162 88.99814471
15/05/00 91.80327869 103.2831001 90.66979882 76.97896426 87.38404453
16/05/00 92.67116683 103.4292259 89.94097097 76.05812284 87.66233766
17/05/00 91.41755063 102.5449202 90.15178894 75.68640703 85.82560297
18/05/00 91.81935069 102.4149433 89.35670401 75.5765819 83.85899814
19/05/00 92.26936676 102.5723258 89.56752199 75.82157641 84.74953618
22/05/00 91.8675667 102.5380711 89.89880737 76.29466926 84.93506494
23/05/00 92.33365477 101.9118428 88.95916155 76.63259272 85.23191095
24/05/00 91.77113468 101.7295077 88.86278762 76.40449438 84.1187384
25/05/00 91.36933462 102.1559755 88.55559571 77.00430852 84.06307978
26/05/00 92.17293475 102.1355865 89.74822311 78.64323731 85.15769944
29/05/00 91.98007072 102.4149433 89.89880737 78.27996959 84.86085343
30/05/00 92.44615879 101.9727665 90.14576557 78.57565261 85.19480519
31/05/00 91.99614272 102.5860341 90.42886399 79.24305145 84.91651206
1/06/00 91.93185471 102.9851748 90.01325142 78.66858157 84.80519481
2/06/00 93.18547091 103.933383 90.9408505 79.94424263 86.28942486
5/06/00 93.52298296 103.792847 91.53114083 80.07941201 86.88311688
6/06/00 94.59980714 103.9193123 92.05517408 80.66232998 87.42115028
7/06/00 95.41947927 103.8349679 91.69979521 81.28748838 87.97773655
8/06/00 94.59980714 103.9474575 91.00108421 80.76370702 86.97588126
9/06/00 94.51944712 104.1025293 90.92880376 80.56095294 86.95732839
12/06/00 95.11411122 103.9826605 91.13359836 80.57784912 87.42115028
13/06/00 95.83735133 104.563411 90.75412601 81.06783813 87.64378479
14/06/00 96.35165542 104.5990325 90.29032647 80.92422066 87.9406308
15/06/00 96.8820315 104.0531381 91.07938803 80.6538819 87.27272727
16/06/00 97.44455159 104.7203274 91.26611252 81.52403481 88.53432282
19/06/00 96.60880746 104.7703542 91.0432478 80.82284363 87.92207792
20/06/00 96.8820315 104.4069641 91.47090712 80.66232998 88.25602968
21/06/00 96.78559949 104.1943803 90.26623298 79.76683281 88.18181818
22/06/00 95.86949534 103.9474575 91.10348151 79.03184929 87.2541744
23/06/00 95.56412729 103.5338549 90.41681725 79.06564163 87.2541744
26/06/00 95.96592735 103.498955 90.16383568 79.1501225 87.21706865
27/06/00 96.65702347 103.7157141 90.79026623 79.91045028 87.47680891
28/06/00 96.76952748 103.8490158 91.13359836 79.42046127 86.84601113
29/06/00 96.56059145 103.5617917 91.48295386 80.42578356 86.67903525
30/06/00 96.01414336 103.6666892 91.19985544 80.46802399 86.95732839
3/07/00 96.15879139 103.6596894 91.16371522 80.273718 86.53061224
4/07/00 96.15879139 103.3804714 91.26611252 80.36664695 86.25231911
5/07/00 94.74445516 103.0750638 90.79026623 80.46802399 85.47309833
6/07/00 94.80874317 103.3526323 90.79026623 80.31595844 85.4174397
7/07/00 95.13018322 103.6946977 91.1878087 80.12165245 85.52875696
10/07/00 95.24268724 103.8700947 91.13359836 80.70457041 85.67717996
11/07/00 94.45515911 103.7577724 91.38055656 80.48492017 85.32467532
12/07/00 94.63195114 103.5827542 90.7360559 79.61476726 85.39888683
13/07/00 93.97299904 103.6037252 90.55535478 79.17546676 85.54730983
14/07/00 93.90871103 103.4013605 90.3867004 79.28529188 85.45454545
17/07/00 94.47123112 103.5827542 90.0373449 79.12477824 85.38033395
18/07/00 93.42655095 103.9826605 90.21202265 78.12790403 84.78664193
19/07/00 92.67116683 103.9404198 90.2421395 78.11100786 84.48979592
20/07/00 93.82835101 104.2439058 91.0432478 78.82909521 85.84415584
21/07/00 94.10157506 104.364378 91.37453319 79.1501225 85.65862709
24/07/00 94.10157506 104.7989624 91.26611252 78.87978373 85.51020408
25/07/00 94.06943105 104.6917621 91.35043971 79.28529188 85.4174397
26/07/00 95.0016072 104.8061169 91.28418263 79.6485596 85.75139147
27/07/00 94.55159113 104.2863936 91.19985544 78.710822 84.91651206
28/07/00 94.48730312 103.8490158 90.51319118 77.97583847 84.87940631
31/07/00 93.33011893 103.2900491 90.33249006 78.27996959 84.35992579
1/08/00 93.1533269 103.2067227 89.86869052 77.27464729 84.15584416
2/08/00 93.87656702 103.7858302 90.09155523 77.18171834 84.30426716
3/08/00 94.13371906 103.4152913 90.21202265 76.54811185 84.76808905
4/08/00 94.27836708 103.0681437 90.74207927 76.73396976 84.69387755
7/08/00 94.32658309 103.2414257 91.16973859 76.63259272 84.35992579
8/08/00 93.780135 103.2344832 90.65172871 76.21863648 84.10018553
9/08/00 93.1051109 103.526873 90.47102759 76.08346709 83.85899814
10/08/00 93.65155898 103.5129121 90.20599928 76.73396976 83.93320965
11/08/00 92.94439087 103.4780264 90.44091073 76.25242882 83.3580705
14/08/00 93.63548698 103.3735102 90.68184556 76.50587142 83.45083488
15/08/00 93.63548698 103.4083255 90.60956511 77.17327025 83.06122449
16/08/00 95.04982321 103.8700947 90.38067703 77.3929205 84.02597403
17/08/00 95.24268724 104.0601911 90.20599928 77.40136859 84.00742115
18/08/00 94.93731919 104.0319848 89.71208288 76.57345611 83.52504638
21/08/00 94.47123112 103.9193123 89.57354536 76.17639605 83.48794063
22/08/00 93.1533269 103.9615359 89.24225997 75.72864746 81.48423006
23/08/00 91.8836387 103.3595907 89.57956873 76.17639605 80.12987013
24/08/00 92.04435873 103.1997849 89.22418986 76.21018839 80.48237477
25/08/00 92.28543877 103.4640787 88.495362 76.21018839 80.92764378
28/08/00 91.98007072 103.5687783 88.495362 76.04967475 80.6122449
29/08/00 91.57827065 103.3804714 87.70630045 75.36537974 79.42486085
30/08/00 92.63902282 103.9193123 87.92314179 75.52589339 80.05565863
31/08/00 92.62295082 104.2934783 87.17624383 75.00211202 79.16512059
1/09/00 92.65509482 104.1661012 88.19419347 76.00743432 79.79591837
4/09/00 92.34972678 104.1802389 87.82074449 75.84692067 79.48051948
5/09/00 91.46576663 103.9826605 87.62799663 75.21331418 79.09090909
6/09/00 90.54966249 103.6386957 86.53776653 73.5152488 78.7755102
7/09/00 89.92285439 104.0037938 86.61607035 73.60817775 77.51391466
8/09/00 89.3442623 103.9474575 85.23671847 73.2618062 77.64378479
11/09/00 90.16393443 103.6946977 84.47175039 72.45923798 79.70315399
12/09/00 89.69784635 103.6946977 84.72473196 72.99146743 78.97959184
13/09/00 89.00675024 103.5059331 84.89338634 72.60285545 78.18181818
14/09/00 88.42815815 103.2553134 84.77291893 73.02525978 78.0890538
15/09/00 87.47991 103.5338549 84.18865197 72.17200304 77.2541744
18/09/00 87.04596593 103.144316 84.70666185 72.12131452 76.01113173
19/09/00 87.64063002 103.5129121 84.87531623 71.8847681 76.95732839
20/09/00 86.59594986 103.4013605 84.95362005 71.74959872 75.65862709
21/09/00 87.65670203 103.2414257 86.5859535 72.64509589 76.04823748
22/09/00 87.47991 103.1581777 87.56173955 74.05592633 76.32653061
25/09/00 88.1388621 103.3456749 87.4894591 73.87851652 76.54916512
26/09/00 88.31565413 103.2344832 88.17009999 74.5797077 76.88311688
27/09/00 88.46030215 102.6614953 88.21226358 74.63039622 77.34693878
28/09/00 87.39954998 102.3262014 88.07974943 74.2671285 75.8812616
29/09/00 87.23882996 102.1287919 88.86881099 74.57125961 75.62152134
2/10/00 87.76920604 101.7025505 88.31466088 74.10661485 75.3432282
3/10/00 86.8691739 102.0880436 87.91711842 73.97989355 74.82374768
4/10/00 86.37094182 102.7508199 87.92314179 73.8869646 75.19480519
5/10/00 85.13339762 102.5175292 86.97144922 73.43076793 74.28571429
6/10/00 85.77627772 102.1084137 87.09191664 73.36318324 74.45269017
9/10/00 86.35486982 102.1627737 87.26057102 73.38007941 76.30797774
10/10/00 85.87270974 102.258043 87.61594989 73.63352201 75.13914657
11/10/00 85.6316297 101.986315 88.10384291 73.35473515 75.12059369
12/10/00 85.27804564 101.2731711 88.62787616 72.89853848 73.76623377
13/10/00 84.94053359 101.9186085 87.32682809 72.31562051 73.95176252
16/10/00 83.94406943 101.1330698 87.20033731 71.80028723 73.2096475
17/10/00 83.7190614 101.0332346 87.35694495 72.18045113 73.13543599
18/10/00 83.79942141 101.2197534 86.94735574 70.87099772 73.11688312
19/10/00 83.79942141 101.574699 87.12203349 71.2596097 73.41372913
20/10/00 85.0208936 101.574699 87.40513191 71.1328884 74.69387755
23/10/00 84.55480553 101.6150384 87.56173955 70.57531469 74.23005566
24/10/00 84.24943748 101.2731711 87.33887483 70.61755512 74.5825603
25/10/00 83.59048537 101.1930657 86.25466811 69.8825716 74.02597403
26/10/00 83.41369335 101.2464552 86.28478497 69.91636394 74.02597403
Source: Bloomberg To October 21, 2000
[Slide 3]
ASIAN CURRENCY MOVEMENT vs US$ [EquitiLink Logo]
- --------------------------------------------------------------------------------
[Line graph numbered from 40 to 120 on the vertical axis, showing the currency
movement on a weekly basis from January 7, 1997 to October 24, 2000, as
indicated on the horizontal axis, for the Korean Won ("KRW"), Singapore Dollar
("SGD"), Thai Baht ("THB") and Philippine Peso ("PHP") on an Index of January
1997 = 100. The graph used the following data points:]
KRW SGD THB PHP
[day/month/ [red [green [blue [pink
year] line] line] line] line]
7/01/97 100 100 100 100
14/01/97 99.67 99.93 99.81 98.77
21/01/97 99.42 99.8 99.49 98.43
28/01/97 98.8 99.57 98.99 97.26
4/02/97 97.45 99.65 98.84 96.65
11/02/97 97.34 99.17 98.69 95.97
18/02/97 96.76 98.4 98.39 97.17
25/02/97 97.99 98.54 98.92 98.21
4/03/97 97.81 98.4 98.69 99.79
11/03/97 96.32 97.96 98.65 100.38
18/03/97 96.01 97.59 98.8 99.72
25/03/97 95.2 97.36 98.5 99.18
1/04/97 94.24 97.55 98.84 99.53
8/04/97 94.38 97.39 98.12 98.87
15/04/97 94.44 97.27 98.16 97.82
22/04/97 94.58 97.24 98.2 98.34
29/04/97 94.62 97.22 98.01 98.74
6/05/97 94.71 97.04 98.2 98.28
13/05/97 94.85 97.77 98.69 98.24
20/05/97 94.77 98.13 100.71 97.95
27/05/97 94.77 98.15 99.34 96.76
3/06/97 94.78 98.06 103.52 96.51
10/06/97 94.91 98.87 106.53 96.38
17/06/97 95.07 98.4 110.58 95.04
24/06/97 95.09 98.22 101.99 95.01
1/07/97 95.15 98.18 104.7 95.08
8/07/97 95.21 97.72 88.28 94.53
15/07/97 94.76 97.18 85.62 92.98
22/07/97 94.55 96.16 83.12 93.69
29/07/97 94.71 96.02 82.18 94.45
5/08/97 95.04 95.37 81.66 93.42
12/08/97 94.59 93.21 81.4 93.7
19/08/97 94.12 92.96 78.41 93.94
26/08/97 93.5 94.15 76.3 94.63
2/09/97 93.42 92.53 74.2 91.81
9/09/97 93.04 93.42 76.37 92.19
16/09/97 92.99 92.97 72.01 90.54
23/09/97 92.56 92.62 72.52 91.06
30/09/97 92.34 91.73 71.41 91.85
7/10/97 92.4 89.81 71.41 91.65
14/10/97 92.39 90.86 70.82 93.14
21/10/97 92.27 89.15 69 90.86
28/10/97 88.27 89.32 65.47 89.43
4/11/97 87.33 89.84 65.89 89.04
11/11/97 84.66 89.18 67.81 88.24
18/11/97 83.4 88.27 65.22 88.24
25/11/97 76.76 88 64.97 86.84
2/12/97 71.93 87.32 61.91 85.79
9/12/97 63.39 86.33 60.16 84.69
16/12/97 51.39 82.62 54.76 82.11
23/12/97 50.12 83.78 56.2 83.01
30/12/97 58.29 83.65 54.53 82.57
6/01/98 49.22 79.83 48.17 80.33
13/01/98 48.49 79.15 47.72 82.17
20/01/98 53.42 80.21 49.33 84.51
27/01/98 48.27 81.73 47.85 85.66
3/02/98 54.39 83.24 53.39 86.13
10/02/98 54.38 85.99 56.95 85.98
17/02/98 51.52 84.44 55.59 84.64
24/02/98 51 85.68 58.05 84.23
3/03/98 53.78 86.04 58.38 85.89
10/03/98 51.87 85.47 58.72 84.57
17/03/98 57.37 87.26 63.6 84.54
24/03/98 60.24 87.34 66.24 84.99
31/03/98 61.26 87 65.06 83.76
7/04/98 57.47 87.35 64.08 83.28
14/04/98 60.55 88.09 64.24 81.85
21/04/98 60.84 88.26 63.92 82.49
28/04/98 62.11 88.21 66.41 81.56
5/05/98 63.26 88.64 66.58 81.04
12/05/98 60.74 85.31 66.37 79.93
19/05/98 58.58 84.94 64.81 78.81
26/05/98 61.02 84.9 65.36 78.56
2/06/98 60.33 83.63 61.32 78.21
9/06/98 60.18 81.93 59.6 75.14
16/06/98 59.65 80.84 59.22 75.01
23/06/98 60.53 85.02 62.14 77
30/06/98 60.98 83.36 60.66 78.38
7/07/98 62.76 83.36 62.14 78.54
14/07/98 64.35 83.14 62.06 78.87
21/07/98 65.65 82.14 62.52 79.28
28/07/98 69.32 82.21 62.59 77.73
4/08/98 67.99 81.35 62.82 76.7
11/08/98 62.71 79.67 60.24 75.13
18/08/98 63.8 79.53 61.46 75.39
25/08/98 64.75 79.15 61.54 72.93
1/09/98 62.49 82.29 63.21 73.41
8/09/98 63.03 81.4 62.93 74.7
15/09/98 60.85 81.43 62.79 75.3
22/09/98 60.77 81.02 62.98 73.59
29/09/98 61.02 83.81 65.61 75.59
6/10/98 60.83 83.91 65.83 74.92
13/10/98 64.11 86.13 67 79
20/10/98 64.14 86.35 67.67 79.9
27/10/98 64.32 86.17 68.39 78.15
3/11/98 64.09 86.61 69.87 78.99
10/11/98 64.27 84.57 69 79.44
17/11/98 64.14 85.93 70.41 79.79
24/11/98 67.6 85.76 70.68 81.25
1/12/98 67.68 85.37 70.99 80.05
8/12/98 69.91 84.74 71.21 77.79
15/12/98 69.9 85.1 70.86 78.87
22/12/98 70.47 84.93 70.45 77.65
29/12/98 69.82 84.67 69.25 77.43
5/01/99 70.99 84.13 71.01 80.8
12/01/99 71.99 83.63 70.23 80.85
19/01/99 71.63 83.48 69.49 80.23
26/01/99 71.25 83.38 69.7 80.08
2/02/99 71.88 83.23 69.85 80.69
9/02/99 71.95 82.94 69 81.74
16/02/99 71.81 82.69 69.38 80.46
23/02/99 69.36 81.55 68.12 81.13
2/03/99 69.1 80.92 68.21 78.8
9/03/99 67.98 81.14 68.82 80.55
16/03/99 68.53 81.38 68.87 79.26
23/03/99 69.11 81.07 68.27 80.96
30/03/99 68.83 81.06 67.96 79.42
6/04/99 68.95 81.02 67.62 79.73
13/04/99 69.07 81.68 67.69 80.55
20/04/99 69.83 82.26 68.47 81.79
27/04/99 71.24 82.54 67.99 82.17
4/05/99 71.02 82.34 69.47 83.47
11/05/99 70.3 82.73 69.66 84.81
18/05/99 69.8 82.14 69.36 84.38
25/05/99 70.94 81.43 69.15 82.27
1/06/99 71.2 81.3 69.04 81.47
8/06/99 71.33 81.97 69.28 83.12
15/06/99 72.17 82.02 69.3 83.25
22/06/99 72.43 82.74 69.28 82.82
29/06/99 73.23 82.35 69.47 83.07
6/07/99 72.61 82.98 69.62 83.65
13/07/99 71.19 82.52 68.85 83.26
20/07/99 71.22 82.7 68.95 81.8
27/07/99 69.86 83.13 68.67 81.59
3/08/99 70.15 83.45 68.72 82.86
10/08/99 70.46 84.43 67.74 82.49
17/08/99 70.12 83.57 66.7 82.25
24/08/99 70.33 83.14 66.88 80.58
31/08/99 71.29 83.46 66.77 81
7/09/99 70.83 82.9 65.24 82.2
14/09/99 70.85 83.13 64.76 82.54
21/09/99 70.26 82.65 63.57 82.04
28/09/99 69.78 81.78 61.44 83.2
5/10/99 69.48 83.73 65.47 83.89
12/10/99 70.16 83.6 64.97 82.95
19/10/99 70.13 83.72 64.99 82.02
26/10/99 70.06 84.28 66.27 82.29
2/11/99 70.63 84.17 66.32 81.06
9/11/99 71.32 84.09 65.84 80.86
16/11/99 71.82 84.09 65.98 81.35
23/11/99 71.96 84.12 66.06 80.55
30/11/99 72.98 83.42 65.62 80.42
7/12/99 73.39 83.58 66.25 80.63
14/12/99 74.84 83.65 66.36 80.53
21/12/99 74.59 84.03 67.46 81.61
28/12/99 74.54 84.13 68.16 81.78
4/01/00 74.46 85.02 68.71 82.9
11/01/00 74.4 84.04 68.03 83.28
18/01/00 75.28 83.97 68.58 84.28
25/01/00 75 83.34 68.65 82.96
1/02/00 75.06 82.66 68.18 80
8/02/00 74.82 82.79 68.03 80.02
15/02/00 75.44 82.85 68.27 79.53
22/02/00 74.69 82.18 67.09 78.98
29/02/00 74.63 81.44 67.14 78.3
7/03/00 75.41 81.64 67.3 76.57
14/03/00 75.37 82.24 67.55 77.8
21/03/00 75.55 81.65 67.65 77.22
28/03/00 76.09 81.79 67.74 77.83
4/04/00 76.02 81.73 67.62 76.72
11/04/00 76.25 81.62 67.3 75.47
18/04/00 75.77 82.63 67.58 75.3
25/04/00 76.21 82.4 67.24 75.1
2/05/00 76.08 81.73 66.81 74.01
9/05/00 76.11 81.2 66.3 73.84
16/05/00 75.82 81.16 64.99 73.05
23/05/00 75.04 80.94 65.24 72.7
30/05/00 74.19 80.96 65.36 72.95
6/06/00 75.03 81.62 65.95 74.44
13/06/00 75.87 81.54 65.74 75.52
20/06/00 75.49 81.02 65.46 76.39
27/06/00 75.51 80.97 65.39 76.09
4/07/00 75.88 81.03 65.07 75.67
11/07/00 75.51 80.51 64.03 74.54
18/07/00 75.93 80.35 63.71 73.93
25/07/00 75.87 80.48 62.5 74.03
1/08/00 75.62 81.01 62.35 73.21
8/08/00 75.68 81.32 62.33 74.22
15/08/00 75.77 81.62 62.68 73.81
22/08/00 75.79 81.78 62.75 73.44
29/08/00 75.89 81.55 62.52 72.32
5/09/00 76.44 81.28 62.12 72.14
12/09/00 76.17 80.6 61.58 70.68
19/09/00 74.71 80.43 60.56 68.65
26/09/00 75.1 80.59 60.66 69.69
3/10/00 75.76 80.61 60.38 68.36
10/10/00 75.65 80.15 59.77 67.63
17/10/00 75.02 80.07 58.95 65.69
24/10/00 74.51 80.12 58.26 66.6
Source: DataStream Index: Jan 1997 = 100 To October 24, 2000
[Slide 4]
Asian Country Dynamics [EquitiLink Logo]
- --------------------------------------------------------------------------------
Strong Intermediate Weak
Singapore Malaysia Thailand
Korea India Philippines
China Hong Kong Indonesia
Taiwan
[Slide 5]
Geographic Spread - FAX [FAX Logo]
- --------------------------------------------------------------------------------
[Pie chart detailing the geographic spread of The First Australia Prime Income
Fund, Inc.'s investments.]
Australia 66% Philippines 3%
South Korea 15% Malaysia 4%
India 1% Hong Kong 2%
China 0% Singapore 2%
New Zealand 0% Thailand 4%
United States 3%
As at September 30, 2000
[Slide 6]
Credit Rating - FAX [FAX Logo]
- --------------------------------------------------------------------------------
[Pie chart detailing the credit rating of the bonds of The First Australia Prime
Income Fund, Inc.]
AAA/Aaa 50%
AA/Aa 18%
A 7%
BBB/Baa 19%
BB/Ba 3%
B 3%
As at September 30, 2000
[Slide 7]
Maturity Profile - FAX [FAX Logo]
- --------------------------------------------------------------------------------
[Pie chart detailing the bond maturity profile of The First Australia Prime
Income Fund, Inc.]
Under 3 years 38%
3 to 5 years 16%
5 to 10 years 35%
under 10 years 11%
As at September 30, 2000
[Slide 8]
BOND YIELDS - FCO [FCO Logo]
- --------------------------------------------------------------------------------
[Bar chart showing the bond yield percentages, on the vertical axis, of the
following countries, on the horizontal axis, and percentages.]
Australia 5.99%
US 5.68%
UK 5.15%
Canada 5.73%
New Zealand 6.61%
Thailand 5.99%
Korea 8.30%
Asian Dollar Bonds 9.07%
Philippines 19.44%
Source: Bloomberg As at October 25, 2000
[Slide 9]
Geographic Spread - FCO [FCO Logo]
- --------------------------------------------------------------------------------
[A pie-chart detailing the geographic location of The First Commonwealth Fund,
Inc.'s, investments.]
United Kingdom 30%
Singapore 0.3%
New Zealand 3.3%
Thailand 0.3%
Canada 34.5%
Malaysia 0.5%
United States 2.8%
Australia 24.1%
Philippines 0.2%
South Korea 4.0%
As at September 30, 2000
[Slide 10]
Credit Rating - FCO [FCO Logo]
- --------------------------------------------------------------------------------
[A pie-chart detailing the credit rating of the bonds which The First
Commonwealth Fund, Inc.]
AAA/Aaa 47%
AA/Aa 43%
A 9%
BBB/Baa 1%
As at September 30, 2000
[Slide 11]
Maturity Profile - FCO [FCO Logo]
- --------------------------------------------------------------------------------
[A pie-chart detailing the maturity profile of the bonds which The First
Commonwealth Fund, Inc.]
Under 3 years 41%
3-5 years 9%
5-10 years 21%
over 10 years 29%
As at September 30, 2000
[Slide 12]
BOND YIELDS OVER THE PAST YEAR [EquitiLink Logo]
- --------------------------------------------------------------------------------
[Line graph showing the bond yields, as indicated on the vertical axis, on a
daily basis from November 3, 1999 to October 31, 2000, as indicated on the
horizontal axis, in the Philippines, Korea, Singapore, Australia, US, Thailand
and on Yankees. The graph used the following data points:]
Philippines Korea Singapore Australia US Yankees Thai
[day/month [red [yellow [green [blue [white [pink [gray
year] line] line] line] line] line] line] line]
3/11/99 15.348 9.295 4.681 6.627 5.994
4/11/99 15.357 9.37 4.681 6.49 5.958
5/11/99 15.361 9.42 4.681 6.495 5.926
8/11/99 15.318 9.49 6.523 5.937
9/11/99 15.318 9.48 4.682 6.53 5.956
10/11/99 15.235 9.48 4.682 6.538 5.977
11/11/99 15.239 9.46 4.682 6.605 5.984
12/11/99 15.25 9.45 4.661 6.533 5.928
15/11/99 15.245 9.47 4.635 6.425 5.92
16/11/99 15.259 9.45 4.641 6.428 5.958
17/11/99 15.261 9.49 4.608 6.418 6.033
18/11/99 15.285 9.595 4.621 6.54 6.052
19/11/99 15.264 9.68 4.601 6.522 6.056
22/11/99 15.294 9.7 4.588 6.68 6.085
23/11/99 15.299 9.78 4.601 6.55 6.078
24/11/99 15.155 9.91 4.588 6.583 6.078
25/11/99 15.196 9.865 4.547 6.583 6.078
26/11/99 15.175 9.83 4.505 6.583 6.117
29/11/99 15.175 9.84 4.492 6.62 6.207
30/11/99 9.85 4.533 6.64 6.191
1/12/99 15.161 9.855 4.519 6.635 6.2
2/12/99 15.171 9.89 4.512 6.648 6.233
3/12/99 15.159 9.885 4.53 6.705 6.161
6/12/99 15.157 9.87 4.541 6.635 6.139
7/12/99 15.145 9.87 4.541 6.623 6.1
8/12/99 15.166 9.875 4.534 6.518 6.135
9/12/99 15.159 9.88 4.534 6.563 6.126
10/12/99 15.168 9.885 4.548 6.573 6.072
13/12/99 15.157 9.89 4.548 6.578 6.1
14/12/99 15.145 9.9 4.577 6.61 6.216
15/12/99 15.141 9.9 4.595 6.718 6.236
16/12/99 15.175 9.915 4.585 6.828 6.304
17/12/99 15.205 9.915 4.514 6.823 6.282
20/12/99 15.21 9.94 4.577 6.78 6.354
21/12/99 15.253 9.99 4.576 6.83 6.376
22/12/99 15.086 10.03 4.576 6.835 6.372
23/12/99 15.07 9.99 4.542 6.848 6.415
24/12/99 15.152 10.04 4.555 6.87 6.407
27/12/99 15.211 10.05 4.562 6.87 6.401
28/12/99 15.258 10.05 4.562 6.87 6.412
29/12/99 15.384 10.05 4.556 6.978 6.383
30/12/99 10.05 4.556 6.928 6.365
3/01/00 14.907 4.563 6.965 6.591 8.561
4/01/00 14.877 10.06 4.593 7.133 6.497 8.596
5/01/00 14.836 10.095 4.631 7.018 6.594 8.648
6/01/00 14.875 10.16 4.721 7.12 6.524 8.618
7/01/00 14.864 10.16 4.701 7.11 6.515 8.604
10/01/00 14.764 10.18 4.676 7.108 6.551 8.624
11/01/00 14.72 10.215 4.701 7.168 6.657 8.683
12/01/00 14.691 10.23 4.713 7.203 6.703 8.694
13/01/00 14.645 10.31 4.715 7.205 6.63 8.66
14/01/00 14.373 10.29 4.688 7.198 6.678 8.685
17/01/00 14.344 10.255 4.668 7.23 6.681 8.686
18/01/00 14.337 10.26 4.64 7.188 6.748 8.726
19/01/00 14.532 10.235 4.619 7.223 6.732 8.714
20/01/00 14.757 10.095 4.611 7.233 6.788 8.731
21/01/00 14.916 9.93 4.622 7.225 6.765 8.738
24/01/00 14.907 9.805 4.622 7.273 6.684 8.691 7.705
25/01/00 14.893 9.995 4.633 7.212 6.691 8.682 7.645
26/01/00 14.88 9.77 4.604 7.21 6.664 8.659 7.645
27/01/00 14.912 9.73 4.563 7.18 6.691 8.67 7.645
28/01/00 14.885 9.675 4.481 7.175 6.657 8.672 7.645
31/01/00 14.855 9.58 4.473 7.17 6.665 8.671 7.645
1/02/00 14.905 9.605 4.385 7.17 6.619 8.661 7.645
2/02/00 14.837 9.63 4.419 7.18 6.573 8.641 7.645
3/02/00 14.801 9.565 4.412 7.098 6.489 8.584 7.645
4/02/00 14.736 4.358 7.1 6.548 8.631 7.645
7/02/00 14.636 9.565 7.107 6.638 8.654 7.645
8/02/00 14.582 9.53 4.297 7.149 6.613 8.693 7.645
9/02/00 14.564 9.58 4.297 7.082 6.66 8.693 7.645
10/02/00 14.369 9.6 4.235 7.041 6.671 8.722 7.175
11/02/00 14.2 9.61 4.297 7.108 6.604 8.685 7.075
14/02/00 14.056 9.545 4.228 7.108 6.554 8.82 7.075
15/02/00 14.007 9.48 4.303 7.034 6.552 8.641 7.075
16/02/00 13.973 9.465 4.344 7.072 6.545 8.641 7.075
17/02/00 14.218 9.475 4.275 7.043 6.567 8.663 7.075
18/02/00 14.382 9.495 4.275 7.048 6.489 8.64 7.075
21/02/00 14.627 9.52 4.241 6.802 6.493 8.637 7.075
22/02/00 14.723 9.535 4.337 6.784 6.361 8.552 7.075
23/02/00 14.723 9.555 4.302 6.757 6.422 8.595 7.075
24/02/00 14.732 9.575 4.255 6.718 6.365 8.537 7.075
25/02/00 14.732 9.54 4.241 6.525 6.326 8.515 7.075
28/02/00 14.735 9.535 4.221 6.625 6.422 8.54 6.95
29/02/00 14.814 9.48 4.261 6.658 6.409 8.617 6.95
1/03/00 14.75 4.323 6.522 6.386 8.604 6.95
2/03/00 14.797 9.49 4.33 6.578 6.383 8.602 6.95
3/03/00 14.799 9.51 4.248 6.647 6.388 8.588 6.95
6/03/00 14.726 9.505 4.227 6.712 6.411 8.606 7.045
7/03/00 14.691 9.53 4.194 6.747 6.373 8.612 7.045
8/03/00 14.737 9.55 4.214 6.685 6.379 8.596 7.045
9/03/00 14.689 9.55 4.214 6.757 6.343 8.581 7.045
10/03/00 14.643 9.535 4.194 6.715 6.383 8.596 7.005
13/03/00 14.636 9.53 4.187 6.782 6.37 8.59 7.05
14/03/00 14.566 9.545 4.202 6.698 6.292 8.575 7.05
15/03/00 14.484 9.545 4.216 6.551 6.291 8.574 7.05
16/03/00 14.51 9.57 6.552 6.245 8.588 7.05
17/03/00 14.55 9.565 4.214 6.518 6.194 8.559 7.05
20/03/00 14.517 9.56 4.254 6.493 6.183 8.571 7.05
21/03/00 14.453 9.56 4.247 6.418 6.135 8.539 7.095
22/03/00 14.421 9.56 4.214 6.345 6.112 8.526 7.095
23/03/00 14.373 9.56 4.22 6.423 6.078 8.484 7.095
24/03/00 14.307 9.56 4.218 6.445 6.191 8.535 7.095
27/03/00 14.232 9.56 4.22 6.57 6.185 8.621 7.095
28/03/00 14.154 9.56 4.229 6.521 6.151 8.615 7.095
29/03/00 13.946 9.55 4.229 6.538 6.147 8.628 7.095
30/03/00 13.938 9.52 4.222 6.559 6.055 8.635 7.095
31/03/00 13.962 9.465 4.201 6.379 6.004 8.826 7.095
3/04/00 13.985 9.34 4.195 6.358 5.965 8.81 7.095
4/04/00 13.994 9.33 4.206 6.34 5.895 8.776 7.0725
5/04/00 13.935 4.195 6.288 5.872 8.747 7.0725
6/04/00 13.944 9.32 4.199 6.283 5.934 8.83 7.136
7/04/00 13.925 9.265 4.206 6.342 5.853 8.812 7.1355
10/04/00 13.892 9.22 4.213 6.231 5.771 8.79 7.1345
11/04/00 13.865 9.26 4.213 6.142 5.881 8.805 7.025
12/04/00 13.779 9.28 4.201 6.235 5.935 8.844 7.0915
13/04/00 13.746 4.201 6.268 5.906 8.856 7.0915
14/04/00 13.76 9.34 4.206 6.191 5.85 8.829 7.02
17/04/00 13.958 9.39 4.194 6.083 6.038 8.797 7.0865
18/04/00 14.052 9.3 4.194 6.172 6.059 8.855 7.02
19/04/00 13.954 9.27 4.188 6.21 5.992 8.881 7.02
20/04/00 13.954 9.32 4.153 6.258 5.994 8.853 7.02
21/04/00 13.954 9.325 6.232 5.987 8.853 7.02
25/04/00 13.932 9.3 4.16 6.231 6.128 8.879 7.02
26/04/00 13.982 9.32 4.17 6.383 6.13 8.886 7.02
27/04/00 14.114 9.29 4.143 6.393 6.223 9.012 7.02
28/04/00 14.423 9.28 4.163 6.393 6.212 9.039 7.02
2/05/00 14.367 9.25 4.226 6.484 6.299 9.107 7.02
3/05/00 14.344 9.23 4.323 6.537 6.401 9.117 7.02
4/05/00 14.352 9.21 4.448 6.592 6.426 9.24 7.02
5/05/00 14.34 4.385 6.567 6.505 9.324 7.02
8/05/00 14.342 9.21 4.511 6.56 6.559 9.325 7.02
9/05/00 14.358 9.22 4.518 6.553 6.529 9.352 7.02
10/05/00 14.423 9.23 4.462 6.535 6.42 9.332 7.02
11/05/00 14.502 4.484 6.418 6.409 9.324 7.02
12/05/00 14.682 9.25 4.484 6.452 6.511 9.351 7.02
15/05/00 14.75 9.29 4.49 6.52 6.446 9.417 7.02
16/05/00 14.816 9.29 4.455 6.433 6.424 9.405 6.745
17/05/00 14.88 9.29 4.402 6.452 6.496 9.421 6.7625
18/05/00 14.918 9.3 6.538 6.54 9.445 6.7635
19/05/00 15.016 9.35 4.449 6.597 6.494 9.468 6.7625
22/05/00 14.933 9.355 4.456 6.532 6.439 9.461 6.78
23/05/00 15.007 9.4 4.477 6.485 6.435 9.433 6.76
24/05/00 14.916 9.39 4.484 6.432 6.47 9.475 6.76
25/05/00 14.929 9.375 4.484 6.462 6.394 9.492 6.76
26/05/00 14.873 9.37 4.463 6.335 6.33 9.484 6.76
29/05/00 14.844 9.35 4.456 6.232 6.326 9.484 6.645
30/05/00 14.733 9.285 4.47 6.288 6.376 9.446 6.59
31/05/00 14.617 9.205 4.479 6.272 6.272 9.493 6.59
1/06/00 14.629 9.12 4.463 6.131 6.191 9.418 6.59
2/06/00 14.402 9.075 4.442 6.067 6.152 9.292 6.59
5/06/00 14.335 9.01 4.413 6.143 6.122 9.257 6.54
6/06/00 14.271 4.442 6.112 6.122 9.274 6.54
7/06/00 14.154 9.015 4.465 6.118 6.141 9.269 6.54
8/06/00 14.16 9.01 4.472 6.182 6.124 9.276 6.54
9/06/00 14.169 9.03 4.484 6.084 6.126 9.276 6.39
12/06/00 14.169 9.015 4.484 6.127 6.071 9.233 6.34
13/06/00 14.216 9.04 4.484 6.042 6.115 9.224 6.34
14/06/00 14.254 9.045 4.491 6.159 6.041 9.193 6.34
15/06/00 14.244 9.05 4.512 6.159 6.05 9.189 6.34
16/06/00 14.244 9.05 4.535 6.158 5.971 9.134 6.34
19/06/00 14.24 9.04 4.556 6.108 5.998 9.156 6.34
20/06/00 14.238 9.03 4.577 6.188 6.019 9.177 6.34
21/06/00 14.18 9.005 4.57 6.253 6.113 9.196 6.34
22/06/00 14.202 8.97 4.584 6.293 6.104 9.237 6.34
23/06/00 14.225 8.89 4.607 6.243 6.185 9.269 6.34
26/06/00 14.229 8.805 4.628 6.278 6.102 9.261 6.34
27/06/00 14.178 8.825 4.607 6.238 6.085 9.255 6.34
28/06/00 14.169 8.79 4.607 6.248 6.099 9.241 6.34
29/06/00 14.181 8.725 4.607 6.228 6.027 9.181 6.34
30/06/00 14.183 8.61 4.666 6.168 6.031 9.151 6.34
3/07/00 14.198 8.46 4.71 6.181 5.989 9.138 5.845
4/07/00 14.315 8.45 4.723 6.098 9.139 5.845
5/07/00 14.496 8.415 4.742 6.087 5.984 9.065 5.845
6/07/00 14.617 8.31 4.749 6.131 6.048 9.085 5.845
7/07/00 14.727 8.24 4.723 6.182 6.001 9.08 5.845
10/07/00 15.052 8.21 4.698 6.074 6.035 9.072 5.67
11/07/00 14.802 8.205 4.7 6.128 6.048 9.083 5.67
12/07/00 14.821 8.31 4.71 6.133 6.08 9.09 5.59
13/07/00 14.723 8.335 4.71 6.193 6.005 9.075 5.59
14/07/00 14.698 8.345 4.685 6.117 6.096 9.11 5.59
17/07/00 14.752 4.668 6.193 6.148 9.156 5.591
18/07/00 14.712 8.18 4.653 6.228 6.141 9.154 5.505
19/07/00 14.675 8.15 4.609 6.263 6.154 9.161 5.4825
20/07/00 14.64 8.15 4.609 6.268 6.002 9.068 5.4825
21/07/00 14.642 8.19 4.59 6.124 5.998 9.057 5.465
24/07/00 14.665 8.23 4.54 6.087 6.034 9.063 5.465
25/07/00 14.69 8.35 4.565 6.137 6.027 9.06 5.465
26/07/00 14.677 8.28 4.546 6.149 6.027 9.057 5.465
27/07/00 14.706 8.295 4.496 6.168 6 9.051 5.465
28/07/00 14.675 8.27 6.198 6.034 9.068 5.465
31/07/00 14.685 8.28 4.527 6.244 6.031 9.083 5.465
1/08/00 14.71 8.28 4.545 6.264 5.984 9.074 5.465
2/08/00 14.759 8.26 4.51 6.245 5.976 9.059 5.89
3/08/00 14.765 8.16 4.51 6.198 5.952 9.035 5.89
4/08/00 14.786 8.18 4.502 6.195 5.901 8.99 5.745
7/08/00 14.783 8.205 4.495 6.19 5.956 8.992 5.8
8/08/00 14.8 8.165 4.501 6.19 5.92 8.981 5.78
9/08/00 14.723 8.105 6.118 5.916 8.981 5.76
10/08/00 14.71 8.04 4.476 6.145 5.763 8.92 5.76
11/08/00 14.702 8.08 4.472 6.155 5.79 8.979 5.76
14/08/00 14.733 8.09 4.539 6.235 5.771 8.984 5.761
15/08/00 14.707 4.539 6.245 5.802 8.982 5.76
16/08/00 14.709 8.11 4.551 6.238 5.838 9 5.795
17/08/00 14.709 8.16 4.545 6.28 5.81 8.997 5.8
18/08/00 14.707 8.23 4.545 6.27 5.773 8.986 5.805
21/08/00 14.723 8.23 4.52 6.22 5.781 8.964 5.85
22/08/00 14.732 8.19 4.535 6.22 5.775 8.956 5.875
23/08/00 14.727 8.18 4.526 6.24 5.727 8.929 5.81
24/08/00 14.718 8.2 4.551 6.185 5.718 8.9 5.79
25/08/00 14.689 8.235 4.551 6.21 5.729 8.902 5.78
28/08/00 14.682 8.22 4.538 6.195 5.777 8.903 5.78
29/08/00 14.67 8.2 4.564 6.243 5.808 8.937 5.76
30/08/00 14.627 8.14 4.576 6.295 5.8 8.939 5.76
31/08/00 14.63 8.17 4.567 6.265 5.724 8.834 5.76
1/09/00 14.63 8.16 4.551 6.095 5.679 8.758 5.7625
4/09/00 14.707 8.09 4.545 5.95 5.683 8.755 5.76
5/09/00 14.782 8.09 4.557 5.985 5.689 8.758 5.76
6/09/00 14.807 8.09 4.554 6.008 5.724 8.766 5.82
7/09/00 14.83 8.1 4.557 6.06 5.752 8.786 5.76
8/09/00 14.87 8.16 4.554 6.075 5.739 8.77 5.76
11/09/00 15.125 4.557 6.06 5.766 8.78 5.77
12/09/00 15.12 4.551 6.07 5.772 8.785 5.76
13/09/00 15.245 4.557 6.035 5.724 8.781 5.655
14/09/00 15.441 8.21 4.557 6.033 5.785 8.795 5.59
15/09/00 15.495 8.25 4.557 6.035 5.84 8.786 5.54
18/09/00 15.623 8.45 4.563 6.19 5.871 8.817 5.555
19/09/00 15.643 8.42 4.563 6.245 5.852 8.812 5.595
20/09/00 15.632 8.4 4.555 6.22 5.896 8.815 5.6
21/09/00 15.689 8.43 4.54 6.255 5.822 8.835 5.6
22/09/00 15.707 8.49 4.516 6.173 5.848 8.81 5.6
25/09/00 15.693 8.47 4.516 6.23 5.837 8.84 5.6
26/09/00 15.686 8.47 4.476 6.225 5.801 8.834 5.57
27/09/00 15.673 8.45 4.44 6.225 5.821 8.827 5.5
28/09/00 15.677 8.44 4.442 6.185 5.812 8.798 5.45
29/09/00 15.595 8.42 4.448 6.21 5.801 8.764 5.42
2/10/00 15.6 8.4 4.45 6.1 5.822 8.823 5.38
3/10/00 15.641 4.45 6.135 5.867 8.843 5.35
4/10/00 15.695 8.37 4.427 6.17 5.886 8.843 5.3025
5/10/00 15.973 8.36 4.392 6.208 5.852 8.855 5.2425
6/10/00 15.97 8.26 4.369 6.192 5.812 8.835 5.19
9/10/00 15.95 8.23 4.377 6.07 5.822 8.835 5.26
10/10/00 16.011 8.27 4.404 6.14 5.772 8.857 5.285
11/10/00 16.209 8.34 4.402 6.145 5.774 8.825 5.38
12/10/00 16.398 8.3 4.404 6.13 5.709 8.808 5.42
13/10/00 18.32 8.35 4.41 6.065 5.723 9.024 5.6
16/10/00 19.098 8.31 4.403 6.15 5.732 9.017 5.425
17/10/00 20.457 8.3 4.39 6.153 5.673 9.007 5.44
18/10/00 18.705 8.27 4.396 6.11 5.667 9.001 5.4
19/10/00 18.88 8.21 4.375 6.125 5.654 9.005 5.375
20/10/00 19.325 8.09 4.359 6.085 5.631 9.082 5.3575
23/10/00 20.259 8.09 4.339 6.05 5.584 9.074 5.3575
24/10/00 19.361 8.09 4.306 5.98 5.615 9.073 5.425
25/10/00 19.443 8.05 5.985 5.684 9.091 5.39
26/10/00 19.02 7.99 6.095 5.69 9.134 5.39
27/10/00 18.855 7.91 4.296 6.123 5.713 9.098 5.315
Source: Bloomberg To October 31, 2000
[Slide 13]
Asian Outlook [EquitiLink Logo]
- --------------------------------------------------------------------------------
* Asian growth momentum slowing
* Peaked in 2000 H1 with strong IT activity
* Oil prince are a drag on global and Asian growth
* Asian inflationary pressures remaining subdued
* Need to maintain easy liquidity conditions generally
* Trade surpluses / corporate restructuring positives
[Slide 14]
Australian Outlook [EquitiLink Logo]
- --------------------------------------------------------------------------------
* Australian growth recovering from slower H1- GST distortion
* Rising interest rates now affecting confidence
* Composition of growth now changing - consumption and construction moderating,
external sector stronger
* Current account deficit narrowing as exports improve
* GST pushes inflation to 5.5-6% > temporary effect
[Slide 15]
Australian Dollar [EquitiLink Logo]
- --------------------------------------------------------------------------------
2000 weakness has reflected:
* Strength of US$ globally - safe haven status, oil and FDI flows
* Lower cash rates in Australia than in US
* Wide current account deficit - narrowing now
* Australian "old economy" view
> Australian dollar extremely oversold
[Slide 16]
AUSTRALIAN DOLLAR CHEAP VS COMMODITIES [EquitiLink logo]
- --------------------------------------------------------------------------------
[Line graph showing the movement of the Australian Dollar vs the US dollar, as
indicated on the vertical axises, against the CRB Index on a weekly basis from
January 1, 1996 to October 27, 2000, as indicated on the horizontal axises. The
graph used the following data points:]
CRB Index AUD/USD
[day/month [red [yellow
year] line] line]
5/01/96 246.78 0.748
12/01/96 241.59 0.7435
19/01/96 240.63 0.737
26/01/96 242.21 0.737
2/02/96 248.3 0.7578
9/02/96 248.02 0.7548
16/02/96 250.15 0.7556
23/02/96 248.4 0.7571
1/03/96 244.46 0.7613
8/03/96 245.37 0.7685
15/03/96 248.27 0.7731
22/03/96 252.08 0.7772
29/03/96 251.4 0.7828
4/04/96 254.72 0.7828
12/04/96 260.17 0.7915
19/04/96 257.62 0.7858
26/04/96 261.45 0.7901
3/05/96 257.12 0.7954
10/05/96 259.08 0.8015
17/05/96 259.59 0.8008
24/05/96 257 0.7908
31/05/96 254.07 0.7987
7/06/96 250.69 0.7922
14/06/96 249.05 0.7928
21/06/96 248.61 0.7894
28/06/96 248.66 0.788
5/07/96 248.73 0.7955
12/07/96 251.56 0.7968
19/07/96 243.21 0.791
26/07/96 240.47 0.7865
2/08/96 245.13 0.7736
9/08/96 246.14 0.7795
16/08/96 249.55 0.783
23/08/96 250.43 0.7915
29/08/96 249.66 0.7919
30/08/96 249.46 0.7896
6/09/96 247.79 0.7967
9/09/96 247.64 0.799
10/09/96 248.14 0.7998
11/09/96 247.22 0.7984
12/09/96 247.09 0.7973
13/09/96 245.85 0.7931
20/09/96 244.42 0.7917
27/09/96 246.64 0.7914
4/10/96 245.97 0.7887
11/10/96 245.7 0.7909
18/10/96 243.35 0.7952
25/10/96 243.26 0.7912
31/10/96 237.83 0.7917
1/11/96 237.3 0.7885
8/11/96 239.72 0.7873
15/11/96 244.7 0.7903
21/11/96 245.68 0.8115
29/11/96 243.36 0.8161
6/12/96 242.06 0.7973
13/12/96 243.78 0.7917
20/12/96 245.7 0.7955
27/12/96 240.06 0.7951
3/01/97 240.28 0.7904
10/01/97 241.95 0.7822
17/01/97 241.63 0.7808
24/01/97 241.11 0.7727
31/01/97 238.99 0.7623
7/02/97 236.75 0.7613
14/02/97 239.51 0.7652
21/02/97 241.23 0.7776
28/02/97 242.41 0.7785
7/03/97 245.37 0.7864
14/03/97 246.93 0.7982
20/03/97 246.4 0.7858
27/03/97 246.09 0.785
4/04/97 240.35 0.7757
11/04/97 242.71 0.7869
18/04/97 247.34 0.7732
25/04/97 248.16 0.7776
1/05/97 247.9 0.7843
2/05/97 246.62 0.7831
9/05/97 249.53 0.778
16/05/97 253.69 0.7767
23/05/97 251.31 0.767
6/06/97 246.6 0.762
13/06/97 244.45 0.7507
20/06/97 240.52 0.7513
27/06/97 239.33 0.7448
3/07/97 235.57 0.752
11/07/97 233.52 0.7402
18/07/97 235.04 0.7421
25/07/97 238.48 0.7377
1/08/97 243.36 0.7392
8/08/97 243.69 0.7348
15/08/97 239.13 0.7422
22/08/97 238.64 0.7479
29/08/97 241.99 0.7322
5/09/97 243.23 0.7309
12/09/97 241.69 0.7221
19/09/97 240.72 0.7177
26/09/97 242.72 0.7221
3/10/97 246.18 0.7293
10/10/97 246.75 0.7391
17/10/97 242.32 0.7325
24/10/97 242.46 0.6895
31/10/97 240.04 0.7011
7/11/97 241.35 0.6928
14/11/97 241.72 0.6962
21/11/97 238.39 0.6944
28/11/97 235.55 0.6813
5/12/97 235.79 0.6705
12/12/97 235.9 0.6635
19/12/97 233.48 0.6533
26/12/97 233.36 0.6562
2/01/98 228.91 0.6511
9/01/98 223.33 0.6445
16/01/98 228.69 0.6647
23/01/98 230.94 0.6709
30/01/98 234.5 0.6833
6/02/98 234.68 0.6712
13/02/98 231.62 0.6734
20/02/98 228.44 0.6698
27/02/98 227.65 0.68
6/03/98 225.84 0.6686
13/03/98 225.98 0.6767
20/03/98 226.67 0.6651
27/03/98 229.93 0.6718
3/04/98 228 0.656
9/04/98 226.12 0.6538
17/04/98 225.1 0.6502
24/04/98 224.88 0.6514
1/05/98 224.66 0.6488
8/05/98 225.14 0.6356
15/05/98 221.96 0.6275
22/05/98 219.13 0.6274
29/05/98 215.9 0.6229
5/06/98 214.05 0.6008
12/06/98 210.26 0.5897
19/06/98 213.75 0.6144
26/06/98 214.74 0.6061
2/07/98 214.5 0.6152
10/07/98 210.54 0.6149
17/07/98 211.4 0.6292
24/07/98 207.43 0.6151
31/07/98 206 0.6055
3/08/98 204.69 0.6022
10/08/98 206.06 0.5979
17/08/98 202.55 0.5914
24/08/98 200.68 0.5811
31/08/98 195.68 0.5678
7/09/98 201.89 0.5901
14/09/98 201.58 0.5964
21/09/98 201.72 0.5834
28/09/98 203.3 0.5901
5/10/98 202.07 0.5874
12/10/98 204.06 0.6271
19/10/98 203.23 0.6302
26/10/98 204.76 0.6156
2/11/98 204.12 0.6238
9/11/98 204.46 0.6357
16/11/98 201.46 0.6346
23/11/98 196.54 0.6371
30/11/98 195.42 0.6288
7/12/98 194.87 0.6199
14/12/98 190.67 0.6194
21/12/98 188.28 0.6168
28/12/98 189.67 0.608
4/01/99 193.82 0.6222
5/01/99 194.49 0.6217
12/01/99 196.62 0.6357
19/01/99 189.86 0.6387
26/01/99 187.6 0.6293
3/02/99 190.32 0.6418
10/02/99 188.37 0.6467
17/02/99 184.17 0.6357
24/02/99 184.66 0.6334
3/03/99 184.05 0.6214
10/03/99 190.56 0.6375
17/03/99 188.43 0.6281
24/03/99 188.71 0.6371
31/03/99 191.83 0.6343
7/04/99 188.93 0.6274
9/04/99 189.78 0.6316
16/04/99 189.22 0.6473
23/04/99 189.71 0.6516
30/04/99 192.38 0.6612
7/05/99 191.53 0.6722
14/05/99 191.14 0.664
21/05/99 188.63 0.6576
28/05/99 186.72 0.6525
1/06/99 188.01 0.6441
7/06/99 193.13 0.6587
14/06/99 192.23 0.6637
18/06/99 192.28 0.6524
25/06/99 190.33 0.6616
2/07/99 188.69 0.6684
9/07/99 185.1 0.666
16/07/99 184.32 0.6605
23/07/99 191.99 0.6474
30/07/99 190.36 0.6522
6/08/99 196.78 0.6531
13/08/99 198.25 0.6522
20/08/99 197.26 0.6362
27/08/99 195.05 0.6316
3/09/99 199.5 0.6467
10/09/99 202.94 0.6515
17/09/99 200.56 0.6468
24/09/99 202.69 0.6508
1/10/99 205.05 0.6555
8/10/99 199.94 0.6545
15/10/99 206.18 0.6472
22/10/99 204.42 0.649
29/10/99 201.52 0.639
5/11/99 203.02 0.6392
12/11/99 205.63 0.6452
19/11/99 202.75 0.639
26/11/99 202.79 0.635
3/12/99 204.39 0.6322
10/12/99 202.35 0.635
17/12/99 205.51 0.6428
23/12/99 204.66 0.6451
30/12/99 205.14 0.6543
7/01/00 202.7 0.6549
14/01/00 208.01 0.6657
21/01/00 211.51 0.6629
28/01/00 210.72 0.635
4/02/00 213.24 0.638
11/02/00 214.54 0.6305
18/02/00 212.31 0.6293
25/02/00 207.19 0.6151
3/03/00 213.56 0.6084
10/03/00 214.06 0.615
17/03/00 216.88 0.6067
24/03/00 212.59 0.6086
31/03/00 214.37 0.6071
7/04/00 209.91 0.5986
14/04/00 211.11 0.5976
20/04/00 212.78 0.5924
27/04/00 211.03 0.5839
5/05/00 216.08 0.5964
12/05/00 220.74 0.581
19/05/00 223.35 0.5741
26/05/00 223.83 0.5735
2/06/00 225.42 0.5798
9/06/00 224.99 0.5881
16/06/00 223.51 0.6063
23/06/00 224.49 0.5946
30/06/00 223.93 0.5974
7/07/00 219.33 0.5919
14/07/00 220.6 0.5843
21/07/00 222.16 0.5855
28/07/00 219.59 0.5879
4/08/00 219.35 0.5866
11/08/00 220.02 0.5783
18/08/00 220.56 0.5907
25/08/00 222.56 0.5742
1/09/00 228.45 0.5765
8/09/00 229.78 0.5559
15/09/00 228.23 0.5443
22/09/00 226.3 0.5443
29/09/00 226.57 0.5428
6/10/00 226.02 0.5337
13/10/00 230.85 0.5285
20/10/00 226.84 0.529
27/10/00 219.26 0.5235
Source: Bloomberg To October 27, 2000
[Slide 17]
Australian Dollar Outlook [EquitiLink Logo]
- --------------------------------------------------------------------------------
* Improvement in relative growth sentiment as US economy moderates - Australian
growth remains robust
* Expectation of tighter monetary policy in Australia to narrow cash rate
differentials
* Improving current account deficit as exports accelerate
> Fundamental re-rating of Australian dollar
[Slide 18]
SHARE MARKET PERFORMANCE [IAF Logo]
- --------------------------------------------------------------------------------
[Bar chart showing the comparative share market performance of the NASDAQ, the
S&P 500 and the Australian All Ordinaries, as indicated on the vertical axis
from 10% to 110%, on a monthly basis from May 31, 1999 to October 25, 2000, as
indicated on the horizontal axis. The chart used the following data points:]
Nasdaq S&P500 Aust All Ords
[day/month [red [yellow [green
year] line] line] line]
31/05/99 38.88% 19.35% 6.35%
30/06/99 41.77% 21.07% 10.13%
31/07/99 40.92% 18.56% 10.31%
31/08/99 82.71% 37.93% 17.69%
30/09/99 62.13% 26.13% 12.31%
31/10/99 67.46% 24.05% 10.25%
30/11/99 71.13% 19.36% 10.47%
31/12/99 85.59% 19.53% 15.27%
31/01/00 57.24% 8.97% 12.15%
29/02/00 105.27% 10.34% 14.26%
31/03/00 85.78% 16.50% 10.20%
30/04/00 51.82% 8.78% 2.28%
31/05/00 37.66% 9.12% 7.68%
30/06/00 47.65% 5.97% 12.87%
31/07/00 42.77% 7.68% 9.44%
31/08/00 53.55% 14.94% 14.34%
30/09/00 33.74% 11.99% 15.72%
Source: Bloomberg As of October 25, 2000
[Slide 19]
IAF - Asset Allocation at September 30, 2000 [IAF Logo]
- --------------------------------------------------------------------------------
[A pie chart detailing The First Australian Fund, Inc.'s asset allocation as at
September 30, 2000:]
Industrial Equities 71%
Resource Equities 19%
Fixed Income and Cash 10%
[Slide 20]
IAF - Top Ten Holdings as at September 30 , 2000 [IAF Logo]
- --------------------------------------------------------------------------------
STOCK % OF TOTAL ASSETS
News Corporation Ltd 11.1%
National Australia Bank Ltd 8.6%
BHP Company Pty Ltd 7.9%
Telstra Corporation Ltd 7.6%
ANZ Banking Group Ltd 6.4%
Westpac Banking Corporation 5.9%
Commonwealth Bank of Australia 4.4%
Fosters Brewing Group Ltd 3.6%
Qantas Airways Ltd 3.3%
Cable & Wireless Optus LTd 3.0%