G.5(405) January 31, 1999
FOREIGN EXCHANGE RATES
THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN JANUARY 1999 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)
| COUNTRY | MONETARY UNIT | 1999 January | 1998 December | 1998 November | 1998 January |
|---|---|---|---|---|---|
| *AUSTRALIA | DOLLAR | 0.6320 | 0.6182 | 0.6349 | 0.6566 |
| AUSTRIA | SCHILLING | N.A. | 11.746 | 11.840 | 12.765 |
| BELGIUM | FRANC | N.A. | 34.44 | 34.71 | 37.54 |
| BRAZIL | REAL | 1.5120 | 1.2052 | 1.1932 | 1.1199 |
| CANADA | DOLLAR | 1.5194 | 1.5433 | 1.5404 | 1.4409 |
| CHINA, P.R. | YUAN | 8.2789 | 8.2780 | 8.2778 | 8.3094 |
| DENMARK | KRONE | 6.4194 | 6.3531 | 6.3960 | 6.9190 |
| *EMU MEMBERS | EURO | 1.1591 | N.A. | N.A. | N.A. |
| *EURO COMMUNITY | ECU | N.A. | 1.1756 | 1.1681 | 1.0869 |
| FINLAND | MARKKA | N.A. | 5.0769 | 5.1163 | 5.5006 |
| FRANCE | FRANC | N.A. | 5.5981 | 5.6422 | 6.0832 |
| GERMANY | D. MARK | N.A. | 1.6698 | 1.6827 | 1.8165 |
| GREECE | DRACHMA | 278.91 | 280.43 | 282.64 | 287.24 |
| HONG KONG | DOLLAR | 7.7486 | 7.7471 | 7.7432 | 7.7425 |
| INDIA | RUPEE | 42.55 | 42.59 | 42.43 | 39.39 |
| *IRELAND | POUND | N.A. | 1.4876 | 1.4777 | 1.3819 |
| ITALY | LIRA | N.A. | 1653.23 | 1664.91 | 1787.87 |
| JAPAN | YEN | 113.29 | 117.07 | 120.29 | 129.55 |
| MALAYSIA | RINGGIT | 3.8000 | 3.8014 | 3.8000 | 4.4093 |
| MEXICO | PESO | 10.128 | 9.907 | 9.968 | 8.227 |
| NETHERLANDS | GUILDER | N.A. | 1.8816 | 1.8969 | 2.0472 |
| *NEW ZEALAND | DOLLAR | 0.5388 | 0.5223 | 0.5340 | 0.5793 |
| NORWAY | KRONE | 7.4532 | 7.6050 | 7.4562 | 7.5007 |
| PORTUGAL | ESCUDO | N.A. | 171.19 | 172.52 | 185.80 |
| SINGAPORE | DOLLAR | 1.6791 | 1.6515 | 1.6378 | 1.7477 |
| SOUTH AFRICA | RAND | 5.9931 | 5.9030 | 5.6511 | 4.9417 |
| SOUTH KOREA | WON | ||||
| SPAIN | PESETA | N.A. | 142.08 | 143.05 | 153.93 |
| SRI LANKA | RUPEE | 68.629 | 68.117 | 67.578 | 62.281 |
| SWEDEN | KRONA | 7.8188 | 8.0716 | 8.0140 | 8.0193 |
SWITZERLAND FRANC 1.3856 1.3604 1.3852 1.4748
TAIWAN DOLLAR 32.300 32.337 32.603 34.117
THAILAND BAHT 36.622 36.276 36.527 52.983
*UNITED KINGDOM POUND 1.6498 1.6708 1.6611 1.6350
VENEZUELA BOLIVAR 569.80 565.89 569.66 507.68
MEMO:
UNITED STATES DOLLAR
1)BROAD JAN97=100 114.66 114.56 115.34 116.29
2)MAJOR CURRENCY MAR73=100 92.39 93.40 94.23 96.37
3)OITP JAN97=100 128.89 126.80 127.31 125.98
This release is available online at http://www.federalreserve.gov/release/.
For more information on exchange rate indexes for the U.S. dollar, see "New Summary Measures
of the Foreign Exchange Value of the Dollar," Federal Reserve Bulletin, vol. 84 (October 1998),
pp. 811-18 (http://www.federalreserve.gov/pubs/bulletin/) and "Index of the Weighted-Average
Exchange Value of the U.S. Dollar: Revision," Federal Reserve Bulletin, vol. 64 (August 1978),
p. 700. Weights for broad index can be found at http://www.federalreserve.gov/; weights for
the major currencies index and the other important trading partners (OITP) index are derived
from the broad index weights.
* Value is U.S. dollars.
1) A weighted average of the foreign exchange value of the U.S. dollar against the currencies
of a broad group of major U.S. trading partners.
2) A weighted average of the foreign exchange value of the U.S. dollar against a subset of
the broad index currencies that circulate widely outside the country of issue.
3) A weighted average of the foreign exchange value of the U.S. dollar against a subset of
the broad index currencies that do not circulate widely outside the country of issue.
For information about your subscription to this release or about receiving it in document form,
please call publication services at Federal Reserve Board at (202) 452-3244.
As of January 1, 1999, the euro is reported in place of the individual eure-area currencies.
These currency rates can be derived from the euro rate by using the fixed conversion rates
(in currencies per euro) given below:
1 EUR = 13.7603 AUSTRIAN SCHILLINGS
= 40.3399 BELGIAN FRANCS
= 5.94573 FINNISH MARKKAS
= 6.55957 FRENCH FRANCS
= 1.95583 GERMAN MARKS
= .787564 IRISH POUNDS
= 1936.27 ITALIAN LIRE
= 40.3399 LUXEMBOURG FRANCS
= 2.20371 NETHERLANDS GUILDERS
= 200.482 PORTUGUESE ESCUDOS
= 166.386 SPANISH PESETAS