G.5(405) October 29, 1999
FOREIGN EXCHANGE RATES
THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN OCTOBER 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 October | 1999 September | 1999 August | 1998 October |
|---|---|---|---|---|---|
| *AUSTRALIA | DOLLAR | 0.6509 | 0.6495 | 0.6446 | 0.6179 |
| AUSTRIA | SCHILLING | N.A. | N.A. | N.A. | 11.524 |
| BELGIUM | FRANC | N.A. | N.A. | N.A. | 33.81 |
| BRAZIL | REAL | 1.9688 | 1.8987 | 1.8859 | 1.1889 |
| CANADA | DOLLAR | 1.4776 | 1.4771 | 1.4932 | 1.5452 |
| CHINA, P.R. | YUAN | 8.2775 | 8.2774 | 8.2772 | 8.2778 |
| DENMARK | KRONE | 6.9450 | 7.0828 | 7.0144 | 6.2294 |
| *EMU MEMBERS | EURO | 1.0706 | 1.0497 | 1.0605 | N.A. |
| *EURO COMMUNITY | ECU | N.A. | N.A. | N.A. | 1.2019 |
| FINLAND | MARKKA | N.A. | N.A. | N.A. | 4.9845 |
| FRANCE | FRANC | N.A. | N.A. | N.A. | 5.4925 |
| GERMANY | D. MARK | N.A. | N.A. | N.A. | 1.6381 |
| GREECE | DRACHMA | 307.71 | 311.68 | 307.84 | 281.64 |
| HONG KONG | DOLLAR | 7.7696 | 7.7665 | 7.7638 | 7.7483 |
| INDIA | RUPEE | 43.55 | 43.60 | 43.50 | 42.39 |
| *IRELAND | POUND | N.A. | N.A. | N.A. | 1.5221 |
| ITALY | LIRA | N.A. | N.A. | N.A. | 1620.96 |
| JAPAN | YEN | 105.97 | 106.88 | 113.23 | 121.05 |
| MALAYSIA | RINGGIT | 3.8000 | 3.8000 | 3.8000 | 3.8000 |
| MEXICO | PESO | 9.575 | 9.341 | 9.398 | 10.159 |
| NETHERLANDS | GUILDER | N.A. | N.A. | N.A. | 1.8479 |
| *NEW ZEALAND | DOLLAR | 0.5142 | 0.5230 | 0.5259 | 0.5213 |
| NORWAY | KRONE | 7.7402 | 7.8361 | 7.8036 | 7.4294 |
| PORTUGAL | ESCUDO | N.A. | N.A. | N.A. | 168.01 |
| SINGAPORE | DOLLAR | 1.6757 | 1.6965 | 1.6787 | 1.6378 |
| SOUTH AFRICA | RAND | 6.1029 | 6.0563 | 6.1302 | 5.7991 |
| SOUTH KOREA | WON | ||||
| SPAIN | PESETA | N.A. | N.A. | N.A. | 139.23 |
| SRI LANKA | RUPEE | 71.747 | 71.942 | 71.868 | 66.345 |
| SWEDEN | KRONA | 8.1492 | 8.2264 | 8.2589 | 7.8395 |
SWITZERLAND FRANC 1.4896 1.5262 1.5093 1.3373
TAIWAN DOLLAR 31.828 31.848 32.076 33.121
THAILAND BAHT 39.416 40.060 38.060 38.118
*UNITED KINGDOM POUND 1.6572 1.6247 1.6058 1.6944
VENEZUELA BOLIVAR 630.75 625.41 615.95 570.68
MEMO:
UNITED STATES DOLLAR
1)BROAD JAN97=100 115.23 115.76 116.46 115.46
2)MAJOR CURRENCY MAR73=100 92.29 93.24 94.74 93.46
3)OITP JAN97=100 130.58 130.19 129.26 129.02
This release is available online at http://www.federalreserve.gov/releases/G5.
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/releases/
H10/Weights; weights for the major currencies index and the other important trading partners
(OITP) index are derived from the broad index weights. The most recent annual revision to the
trade weights has produced revised index values that will appear in the dollar indexes starting
with the December 1, 1999, release.
* 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