1FEDERAL RESERVE STATISTICAL RELEASE November 29, 1996 G.5(405) FOREIGN EXCHANGE RATES FOR THE MONTH ENDING NOVEMBER 1996 THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN NOVEMBER 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 November October September November *AUSTRALIA DOLLAR 0.7968 0.7918 0.7928 0.7453 AUSTRIA SCHILLING 10.640 10.748 10.610 9.974 BELGIUM FRANC 31.172 31.470 31.056 29.154 CANADA DOLLAR 1.3381 1.3508 1.3694 1.3534 CHINA,P.R. YUAN 8.3294 8.3299 8.3341 8.3334 DENMARK KRONE 5.8053 5.8576 5.8057 5.4923 *EURO COMMUNITY ECU 1.2700 1.2537 1.2576 1.2957 FINLAND MARKKA 4.5512 4.5694 4.5421 4.2489 FRANCE FRANC 5.1156 5.1652 5.1307 4.8882 GERMANY D. MARK 1.5118 1.5277 1.5080 1.4173 GREECE DRACHMA 238.38 239.76 239.67 234.16 HONG KONG DOLLAR 7.7323 7.7322 7.7328 7.7338 INDIA RUPEE 35.892 35.804 35.870 34.710 *IRELAND POUND 1.6645 1.6083 1.6096 1.6054 ITALY LIRA 1513.66 1523.82 1520.48 1592.67 JAPAN YEN 112.30 112.41 109.93 101.94 MALAYSIA RINGGIT 2.5234 2.5074 2.5009 2.5389 MEXICO PESO 7.9119 7.7345 7.5441 7.6936 NETHERLANDS GUILDER 1.6958 1.7141 1.6905 1.5877 *NEW ZEALAND DOLLAR 0.7098 0.7007 0.6964 0.6522 NORWAY KRONE 6.3554 6.4810 6.4613 6.2536 PORTUGAL ESCUDO 152.83 154.28 153.99 148.68 SINGAPORE DOLLAR 1.4025 1.4124 1.4086 1.4128 SOUTH AFRICA RAND 4.6577 4.5799 4.5489 3.6476 SOUTH KOREA WON 830.56 828.24 822.40 769.78 SPAIN PESETA 127.28 128.60 127.11 121.81 SRI LANKA RUPEE 56.987 57.015 56.050 53.199 SWEDEN KRONA 6.6269 6.6006 6.6427 6.6088 SWITZERLAND FRANC 1.2752 1.2586 1.2343 1.1437 TAIWAN DOLLAR 27.522 27.532 27.500 27.257 THAILAND BAHT 25.459 25.474 25.407 25.166 *UNITED KINGDOM POUND 1.6623 1.5863 1.5593 1.5625 MEMO: **UNITED STATES DOLLAR 86.98 87.98 87.46 84.14 *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.