1FEDERAL RESERVE STATISTICAL RELEASE September 30, 1998
G.5(405) FOREIGN EXCHANGE RATES FOR THE MONTH ENDING SEPTEMBER 1998
THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN SEPTEMBER 1998 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)
| COUNTR | MONETARY UNIT | 1998 September | 1998 August | 1998 July | 1997 September |
|---|---|---|---|---|---|
| *AUSTRALIA | DOLLAR | 0.5889 | 0.5888 | 0.6180 | 0.7231 |
| AUSTRIA | SCHILLING | 11.955 | 12.574 | 12.650 | 12.568 |
| BELGIUM | FRANC | 35.054 | 36.848 | 37.074 | 36.876 |
| CANADA | DOLLAR | 1.5218 | 1.5346 | 1.4869 | 1.3872 |
| CHINA,P.R. | YUAN | 8.3055 | 8.3100 | 8.3100 | 8.3171 |
| DENMARK | KRONE | 6.4717 | 6.8067 | 6.8499 | 6.8001 |
| *EURO COMMUNITY | ECU | 1.1575 | 1.1035 | 1.0990 | 1.0981 |
| FINLAND | MARKKA | 5.1734 | 5.4340 | 5.4653 | 5.3455 |
| FRANCE | FRANC | 5.6969 | 5.9912 | 6.0280 | 6.0031 |
| GERMANY | D. MARK | 1.6990 | 1.7869 | 1.7976 | 1.7862 |
| GREECE | DRACHMA | 292.47 | 301.21 | 299.35 | 281.69 |
| HONG KONG | DOLLAR | 7.7480 | 7.7494 | 7.7483 | 7.7440 |
| INDIA | RUPEE | 42.579 | 42.843 | 42.612 | 36.476 |
| *IRELAND | POUND | 1.4724 | 1.4037 | 1.3988 | 1.4806 |
| ITALY | LIRA | 1678.92 | 1763.01 | 1772.42 | 1743.22 |
| JAPAN | YEN | 134.48 | 144.68 | 140.79 | 120.89 |
| MALAYSIA | RINGGIT | 3.8050 | 4.2036 | 4.1591 | 3.0254 |
| MEXICO | PESO | 10.2192 | 9.3712 | 8.8990 | 7.7809 |
| NETHERLANDS | GUILDER | 1.9169 | 2.0148 | 2.0267 | 2.0116 |
| *NEW ZEALAND | DOLLAR | 0.5044 | 0.5011 | 0.5185 | 0.6360 |
| NORWAY | KRONE | 7.5564 | 7.7248 | 7.6246 | 7.3008 |
| PORTUGAL | ESCUDO | 174.19 | 182.99 | 183.93 | 181.49 |
| SINGAPORE | DOLLAR | 1.7226 | 1.7571 | 1.7085 | 1.5164 |
| SOUTH AFRICA | RAND | 6.0966 | 6.3198 | 6.2285 | 4.6890 |
| SOUTH KOREA | WON | 1375.54 | 1314.29 | 1295.76 | 912.50 |
| SPAIN | PESETA | 144.33 | 151.72 | 152.58 | 150.75 |
| SRI LANKA | RUPEE | ||||
| SWEDEN | KRONA | 7.8816 | 8.1282 | 7.9942 | 7.6887 |
| SWITZERLAND | FRANC | 1.4000 | 1.4933 | 1.5136 | 1.4702 |
| TAIWAN | DOLLAR | 34.646 | 34.730 | 34.387 | 28.731 |
| THAILAND | BAHT | 40.402 | 41.720 | 41.300 | 35.256 |
| *UNITED KINGDOM | POUND | 1.6823 | 1.6342 | 1.6437 | 1.6013 |
| MEMO: | |||||
| **UNITED STATES | DOLLAR | 97.17 | 101.80 | 101.38 | 98.29 |
*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.
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