1FEDERAL RESERVE STATISTICAL RELEASE June 30, 1998 G.5(405) FOREIGN EXCHANGE RATES FOR THE MONTH ENDING JUNE 1998 THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN JUNE 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) MONETARY 1998 1998 1998 1997 COUNTRY UNIT June May April June *AUSTRALIA DOLLAR 0.6046 0.6312 0.6523 0.7542 AUSTRIA SCHILLING 12.615 12.491 12.760 12.158 BELGIUM FRANC 36.981 36.624 37.423 35.650 CANADA DOLLAR 1.4655 1.4452 1.4298 1.3843 CHINA,P.R. YUAN 8.3100 8.3084 8.3058 8.3224 DENMARK KRONE 6.8294 6.7662 6.9174 6.5804 *EURO COMMUNITY ECU 1.1016 1.1096 1.0927 1.1304 FINLAND MARKKA 5.4503 5.3966 5.5053 5.1794 FRANCE FRANC 6.0118 5.9528 6.0782 5.8293 GERMANY D. MARK 1.7928 1.7753 1.8132 1.7277 GREECE DRACHMA 304.24 307.22 315.82 273.83 HONG KONG DOLLAR 7.7471 7.7490 7.7497 7.7445 INDIA RUPEE 42.367 40.469 39.703 35.820 *IRELAND POUND 1.4051 1.4174 1.3894 1.5060 ITALY LIRA 1766.32 1750.79 1791.24 1694.54 JAPAN YEN 140.33 134.90 131.75 114.29 MALAYSIA RINGGIT 4.0006 3.8204 3.7376 2.5167 MEXICO PESO 8.9200 8.5848 8.5017 7.9498 NETHERLANDS GUILDER 2.0208 2.0005 2.0422 1.9438 *NEW ZEALAND DOLLAR 0.5123 0.5388 0.5534 0.6871 NORWAY KRONE 7.5785 7.4539 7.5315 7.2240 PORTUGAL ESCUDO 183.58 181.87 185.81 174.56 SINGAPORE DOLLAR 1.6941 1.6374 1.6007 1.4271 SOUTH AFRICA RAND 5.3910 5.0927 5.0459 4.5005 SOUTH KOREA WON 1397.77 1399.05 1391.55 891.40 SPAIN PESETA 152.18 150.81 153.99 145.98 SRI LANKA RUPEE 65.150 64.261 62.903 58.531 SWEDEN KRONA 7.9174 7.7026 7.8238 7.7506 SWITZERLAND FRANC 1.4949 1.4790 1.5051 1.4424 TAIWAN DOLLAR 34.553 33.466 33.015 27.903 THAILAND BAHT 42.332 39.198 39.654 24.534 *UNITED KINGDOM POUND 1.6504 1.6382 1.6723 1.6449 MEMO: **UNITED STATES DOLLAR 100.90 99.61 100.30 95.42 *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.