1FEDERAL RESERVE STATISTICAL RELEASE February 28, 1997 G.5(405) FOREIGN EXCHANGE RATES FOR THE MONTH ENDING FEBRUARY 1997 THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN FEBRUARY 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 1997 1996 1996 COUNTRY UNIT February January December February *AUSTRALIA DOLLAR 0.7677 0.7776 0.7966 0.7556 AUSTRIA SCHILLING 11.785 11.289 10.923 10.321 BELGIUM FRANC 34.556 33.087 31.992 30.165 CANADA DOLLAR 1.3556 1.3494 1.3622 1.3752 CHINA,P.R. YUAN 8.3227 8.3260 8.3290 8.3338 DENMARK KRONE 6.3867 6.1199 5.9428 5.6749 *EURO COMMUNITY ECU 1.1591 1.2096 1.2425 1.2530 FINLAND MARKKA 4.9792 4.7766 4.6388 4.5532 FRANCE FRANC 5.6536 5.4145 5.2427 5.0440 GERMANY D. MARK 1.6747 1.6047 1.5525 1.4669 GREECE DRACHMA 262.42 251.54 245.70 242.21 HONG KONG DOLLAR 7.7474 7.7397 7.7355 7.7323 INDIA RUPEE 35.891 35.904 35.882 36.595 *IRELAND POUND 1.5860 1.6311 1.6593 1.5810 ITALY LIRA 1655.00 1567.91 1528.44 1570.00 JAPAN YEN 122.96 117.91 113.98 105.79 MALAYSIA RINGGIT 2.4866 2.4900 2.5251 2.5487 MEXICO PESO 7.8023 7.8289 7.8769 7.5183 NETHERLANDS GUILDER 1.8812 1.8023 1.7420 1.6424 *NEW ZEALAND DOLLAR 0.6908 0.7009 0.7050 0.6749 NORWAY KRONE 6.6323 6.4589 6.4716 6.4103 PORTUGAL ESCUDO 168.24 160.53 156.54 152.49 SINGAPORE DOLLAR 1.4193 1.4061 1.3999 1.4115 SOUTH AFRICA RAND 4.4557 4.6402 4.6873 3.7420 SOUTH KOREA WON 868.39 854.07 841.92 780.12 SPAIN PESETA 141.85 134.79 130.69 123.65 SRI LANKA RUPEE 57.772 57.278 56.730 53.716 SWEDEN KRONA 7.4069 7.0692 6.8283 6.8775 SWITZERLAND FRANC 1.4541 1.3913 1.3290 1.1967 TAIWAN DOLLAR 27.554 27.477 27.516 27.485 THAILAND BAHT 25.957 25.726 25.600 25.250 *UNITED KINGDOM POUND 1.6256 1.6585 1.6639 1.5360 MEMO: **UNITED STATES DOLLAR 94.52 91.01 88.71 86.42 *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.