G.5(405) January 3, 2000
FOREIGN EXCHANGE RATES
THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN DECEMBER 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 December | 1999 November | 1999 October | 1998 December |
|---|---|---|---|---|---|
| *AUSTRALIA | DOLLAR | 0.6410 | 0.6388 | 0.6509 | 0.6182 |
| AUSTRIA | SCHILLING | N.A. | N.A. | N.A. | 11.746 |
| BELGIUM | FRANC | N.A. | N.A. | N.A. | 34.44 |
| BRAZIL | REAL | 1.8442 | 1.9314 | 1.9688 | 1.2052 |
| CANADA | DOLLAR | 1.4722 | 1.4674 | 1.4776 | 1.5433 |
| CHINA, P.R. | YUAN | 8.2794 | 8.2782 | 8.2775 | 8.2780 |
| DENMARK | KRONE | 7.3597 | 7.2019 | 6.9450 | 6.3531 |
| *EMU MEMBERS | EURO | 1.0110 | 1.0328 | 1.0706 | N.A. |
| *EURO COMMUNITY | ECU | N.A. | N.A. | N.A. | 1.1756 |
| FINLAND | MARKKA | N.A. | N.A. | N.A. | 5.0769 |
| FRANCE | FRANC | N.A. | N.A. | N.A. | 5.5981 |
| GERMANY | D. MARK | N.A. | N.A. | N.A. | 1.6698 |
| GREECE | DRACHMA | 326.19 | 318.24 | 307.71 | 280.43 |
| HONG KONG | DOLLAR | 7.7728 | 7.7718 | 7.7696 | 7.7471 |
| INDIA | RUPEE | 43.52 | 43.46 | 43.55 | 42.59 |
| *IRELAND | POUND | N.A. | N.A. | N.A. | 1.4876 |
| ITALY | LIRA | N.A. | N.A. | N.A. | 1653.23 |
| JAPAN | YEN | 102.58 | 104.65 | 105.97 | 117.07 |
| MALAYSIA | RINGGIT | 3.8000 | 3.8000 | 3.8000 | 3.8014 |
| MEXICO | PESO | 9.427 | 9.416 | 9.575 | 9.907 |
| NETHERLANDS | GUILDER | N.A. | N.A. | N.A. | 1.8816 |
| *NEW ZEALAND | DOLLAR | 0.5087 | 0.5122 | 0.5142 | 0.5223 |
| NORWAY | KRONE | 8.0113 | 7.9367 | 7.7402 | 7.6050 |
| PORTUGAL | ESCUDO | N.A. | N.A. | N.A. | 171.19 |
| SINGAPORE | DOLLAR | 1.6745 | 1.6699 | 1.6757 | 1.6515 |
| SOUTH AFRICA | RAND | 6.1503 | 6.1424 | 6.1029 | 5.9030 |
| SOUTH KOREA | WON | ||||
| SPAIN | PESETA | N.A. | N.A. | N.A. | 142.08 |
| SRI LANKA | RUPEE | 72.018 | 72.040 | 71.747 | 68.117 |
| SWEDEN | KRONA | 8.4910 | 8.3586 | 8.1492 | 8.0716 |
| SWITZERLAND | FRANC | 1.5841 | 1.5543 | 1.4896 | 1.3604 |
| TAIWAN | DOLLAR | 31.625 | 31.794 | 31.828 | 32.337 |
| THAILAND | BAHT | 38.227 | 38.749 | 39.416 | 36.276 |
| *UNITED KINGDOM | POUND | 1.6132 | 1.6205 | 1.6572 | 1.6708 |
| VENEZUELA | BOLIVAR | 644.28 | 634.80 | 630.75 | 565.89 |
| MEMO: | |||||
| UNITED STATES | DOLLAR | ||||
| 1)BROAD | JAN97=100 | 116.09 | 116.08 | 115.88 | 114.98 |
| 2)MAJOR CURRENCY | MAR73=100 | 93.23 | 92.87 | 91.94 | 92.73 |
| 3)OITP | JAN97=100 | 129.34 | 129.93 | 131.06 | 127.42 |
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 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
= 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