1FEDERAL RESERVE STATISTICAL RELEASE February 3, 1997 G.5(405) FOREIGN EXCHANGE RATES FOR THE MONTH ENDING JANUARY 1997 THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN JANUARY 1997 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 1997 1996 1996 1996 COUNTRY UNIT January December November January *AUSTRALIA DOLLAR 0.7776 0.7966 0.7968 0.7417 AUSTRIA SCHILLING 11.289 10.923 10.640 10.296 BELGIUM FRANC 33.087 31.944 31.153 30.080 CANADA DOLLAR 1.3494 1.3622 1.3381 1.3669 CHINA,P.R. YUAN 8.3260 8.3290 8.3294 8.3384 DENMARK KRONE 6.1199 5.9428 5.8053 5.6618 *EURO COMMUNITY ECU 1.2096 1.2425 1.2700 1.2602 FINLAND MARKKA 4.7766 4.6388 4.5512 4.4510 FRANCE FRANC 5.4145 5.2427 5.1156 5.0117 GERMANY D. MARK 1.6047 1.5525 1.5118 1.4635 GREECE DRACHMA 251.54 245.70 238.38 240.91 HONG KONG DOLLAR 7.7397 7.7355 7.7323 7.7329 INDIA RUPEE 35.904 35.882 35.892 35.812 *IRELAND POUND 1.6311 1.6593 1.6645 1.5818 ITALY LIRA 1567.91 1528.44 1513.66 1584.87 JAPAN YEN 117.91 113.98 112.30 105.75 MALAYSIA RINGGIT 2.4900 2.5251 2.5234 2.5563 MEXICO PESO 7.8289 7.8769 7.9119 7.4806 NETHERLANDS GUILDER 1.8023 1.7420 1.6958 1.6388 *NEW ZEALAND DOLLAR 0.7009 0.7050 0.7098 0.6619 NORWAY KRONE 6.4589 6.4716 6.3554 6.4275 PORTUGAL ESCUDO 160.53 156.54 152.83 151.90 SINGAPORE DOLLAR 1.4061 1.3999 1.4025 1.4211 SOUTH AFRICA RAND 4.6402 4.6873 4.6577 3.6413 SOUTH KOREA WON 854.07 841.92 830.56 787.13 SPAIN PESETA 134.79 130.69 127.28 123.38 SRI LANKA RUPEE 57.278 56.730 56.987 53.874 SWEDEN KRONA 7.0692 6.8283 6.6269 6.7405 SWITZERLAND FRANC 1.3913 1.3290 1.2752 1.1818 TAIWAN DOLLAR 27.477 27.516 27.522 27.406 THAILAND BAHT 25.726 25.600 25.459 25.298 *UNITED KINGDOM POUND 1.6585 1.6639 1.6623 1.5288 MEMO: **UNITED STATES DOLLAR 91.01 88.71 86.97 86.23 *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.