1FEDERAL RESERVE STATISTICAL RELEASE September 2, 1997 G.5(405) FOREIGN EXCHANGE RATES FOR THE MONTH ENDING AUGUST 1997 THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN AUGUST 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 1997 1996 COUNTRY UNIT August July June August *AUSTRALIA DOLLAR 0.7404 0.7420 0.7542 0.7830 AUSTRIA SCHILLING 12.946 12.620 12.158 10.435 BELGIUM FRANC 38.011 37.040 35.650 30.553 CANADA DOLLAR 1.3905 1.3775 1.3843 1.3722 CHINA,P.R. YUAN 8.3187 8.3162 8.3224 8.3379 DENMARK KRONE 7.0109 6.8317 6.5804 5.7327 *EURO COMMUNITY ECU 1.0693 1.0998 1.1304 1.2685 FINLAND MARKKA 5.5046 5.3164 5.1794 4.4793 FRANCE FRANC 6.2010 6.0511 5.8293 5.0636 GERMANY D. MARK 1.8400 1.7939 1.7277 1.4826 GREECE DRACHMA 288.41 281.43 273.83 237.00 HONG KONG DOLLAR 7.7436 7.7454 7.7445 7.7345 INDIA RUPEE 36.008 35.747 35.820 35.800 *IRELAND POUND 1.4534 1.4945 1.5060 1.6108 ITALY LIRA 1797.12 1745.91 1694.54 1516.62 JAPAN YEN 117.93 115.38 114.29 107.87 MALAYSIA RINGGIT 2.7589 2.5815 2.5167 2.4933 MEXICO PESO 7.7818 7.8679 7.9498 7.5143 NETHERLANDS GUILDER 2.0709 2.0201 1.9438 1.6633 *NEW ZEALAND DOLLAR 0.6421 0.6610 0.6871 0.6886 NORWAY KRONE 7.6224 7.4545 7.2240 6.4153 PORTUGAL ESCUDO 186.50 181.20 174.56 152.27 SINGAPORE DOLLAR 1.4977 1.4521 1.4271 1.4124 SOUTH AFRICA RAND 4.6856 4.5611 4.5005 4.5289 SOUTH KOREA WON 898.71 893.09 891.40 817.52 SPAIN PESETA 155.51 151.33 145.98 125.72 SRI LANKA RUPEE 59.189 58.732 58.531 55.603 SWEDEN KRONA 7.9886 7.8188 7.7506 6.6211 SWITZERLAND FRANC 1.5128 1.4824 1.4424 1.2029 TAIWAN DOLLAR 28.824 28.032 27.903 27.496 THAILAND BAHT 32.399 30.274 24.534 25.289 *UNITED KINGDOM POUND 1.6035 1.6694 1.6449 1.5499 MEMO: **UNITED STATES DOLLAR 99.96 97.48 95.42 86.54 *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.