1FEDERAL RESERVE STATISTICAL RELEASE October 31, 1996 G.5(405) FOREIGN EXCHANGE RATES FOR THE MONTH ENDING OCTOBER 1996 THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN OCTOBER 1996 TOGETHER WITH COMPARABLE FIGURES FOR OTHER MONTHS. AVERAGES ARE BASED ON DAILY NOON BUYING RATES FOR CABLE TRANSFERS IN NEW YORK CITY CERTIFIED FOR CUSTOMS PURPOSES BY THE FEDERAL RESERVE BANK OF NEW YORK. (RATES IN CURRENCY UNITS PER DOLLAR) MONETARY 1996 1996 1996 1995 COUNTRY UNIT October September August October *AUSTRALIA DOLLAR 0.7918 0.7928 0.7830 0.7570 AUSTRIA SCHILLING 10.748 10.610 10.435 9.954 BELGIUM FRANC 31.470 31.056 30.553 29.105 CANADA DOLLAR 1.3508 1.3694 1.3722 1.3458 CHINA,P.R. YUAN 8.3299 8.3341 8.3379 8.3353 DENMARK KRONE 5.8576 5.8057 5.7327 5.4912 *EURO COMMUNITY ECU 1.2537 1.2576 1.2685 1.2985 FINLAND MARKKA 4.5694 4.5421 4.4793 4.2781 FRANCE FRANC 5.1652 5.1307 5.0636 4.9374 GERMANY D. MARK 1.5277 1.5080 1.4826 1.4143 GREECE DRACHMA 239.76 239.67 237.00 232.65 HONG KONG DOLLAR 7.7322 7.7328 7.7345 7.7317 INDIA RUPEE 35.804 35.870 35.800 34.656 *IRELAND POUND 1.6083 1.6096 1.6108 1.6132 ITALY LIRA 1523.82 1520.48 1516.62 1605.69 JAPAN YEN 112.41 109.93 107.87 100.84 MALAYSIA RINGGIT 2.5074 2.5009 2.4933 2.5324 MEXICO PESO 7.7345 7.5441 7.5143 6.7452 NETHERLANDS GUILDER 1.7141 1.6905 1.6633 1.5846 *NEW ZEALAND DOLLAR 0.7003 0.6964 0.6886 0.6590 NORWAY KRONE 6.4810 6.4613 6.4153 6.2397 PORTUGAL ESCUDO 154.28 153.99 152.27 148.94 SINGAPORE DOLLAR 1.4124 1.4086 1.4124 1.4231 SOUTH AFRICA RAND 4.5799 4.5489 4.5289 3.6502 SOUTH KOREA WON 828.24 822.40 817.52 767.20 SPAIN PESETA 128.60 127.11 125.72 122.51 SRI LANKA RUPEE 57.015 56.050 55.603 52.539 SWEDEN KRONA 6.6006 6.6427 6.6211 6.8301 SWITZERLAND FRANC 1.2586 1.2343 1.2029 1.1453 TAIWAN DOLLAR 27.532 27.500 27.496 26.925 THAILAND BAHT 25.474 25.407 25.289 25.115 *UNITED KINGDOM POUND 1.5863 1.5593 1.5499 1.5779 MEMO: **UNITED STATES DOLLAR 87.98 87.46 86.54 84.10 *VALUE IS U.S. DOLLARS **INDEX OF WEIGHTED AVERAGE EXCHANGE VALUE OF U.S. DOLLAR AGAINST CURRENCIES OF OTHER G-10 COUNTRIES. MARCH 1973 = 100. WEIGHTS ARE 1972-76 GLOBAL TRADE OF EACH OF THE 10 COUNTRIES. SERIES REVISED AS OF AUGUST 1978. FOR DESCRIPTION AND BACK DATA, SEE "INDEX OF THE WEIGHTED-AVERAGE EXCHANGE VALUE OF THE U.S. DOLLAR: REVISION" ON PAGE 700 OF THE AUGUST 1978 FEDERAL RESERVE BULLETIN. FOR INFORMATION ABOUT YOUR SUBSCRIPTION TO THIS RELEASE OR ABOUT RECEIVING IT IN DOCUMENT FORM, PLEASE CALL PUBLICATIONS SERVICES AT THE FEDERAL RESERVE BOARD AT (202) 452-3244.