You are on page 1of 2

1FEDERAL RESERVE STATISTICAL RELEASE August 31, 1998

G.5(405) FOREIGN EXCHANGE RATES FOR THE MONTH ENDING AUGUST 1998

THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN AUGUST 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 August July June August

*AUSTRALIA DOLLAR 0.5888 0.6180 0.6046 0.7404


AUSTRIA SCHILLING 12.574 12.650 12.615 12.946
BELGIUM FRANC 36.848 37.074 36.981 38.011
CANADA DOLLAR 1.5346 1.4869 1.4655 1.3905
CHINA,P.R. YUAN 8.3100 8.3100 8.3100 8.3187
DENMARK KRONE 6.8067 6.8499 6.8294 7.0109
*EURO COMMUNITY ECU 1.1035 1.0990 1.1016 1.0693
FINLAND MARKKA 5.4340 5.4653 5.4503 5.5046
FRANCE FRANC 5.9912 6.0280 6.0118 6.2010
GERMANY D. MARK 1.7869 1.7976 1.7928 1.8400
GREECE DRACHMA 301.21 299.35 304.24 288.41
HONG KONG DOLLAR 7.7494 7.7483 7.7471 7.7436
INDIA RUPEE 42.843 42.612 42.367 36.008
*IRELAND POUND 1.4037 1.3988 1.4051 1.4534
ITALY LIRA 1763.01 1772.42 1766.32 1797.12
JAPAN YEN 144.68 140.79 140.33 117.93
MALAYSIA RINGGIT 4.2036 4.1591 4.0006 2.7589
MEXICO PESO 9.3712 8.8990 8.9200 7.7818
NETHERLANDS GUILDER 2.0148 2.0267 2.0208 2.0709
*NEW ZEALAND DOLLAR 0.5011 0.5185 0.5123 0.6421
NORWAY KRONE 7.7248 7.6246 7.5785 7.6224
PORTUGAL ESCUDO 182.99 183.93 183.58 186.50
SINGAPORE DOLLAR 1.7571 1.7085 1.6941 1.4977
SOUTH AFRICA RAND 6.3198 6.2285 5.3910 4.6856
SOUTH KOREA WON 1314.29 1295.76 1397.77 898.71
SPAIN PESETA 151.72 152.58 152.18 155.51
SRI LANKA RUPEE 66.642 65.908 65.150 59.189
SWEDEN KRONA 8.1282 7.9942 7.9174 7.9886
SWITZERLAND FRANC 1.4933 1.5136 1.4949 1.5128
TAIWAN DOLLAR 34.730 34.387 34.553 28.824
THAILAND BAHT 41.720 41.300 42.332 32.399
*UNITED KINGDOM POUND 1.6342 1.6437 1.6504 1.6035

MEMO:
**UNITED STATES DOLLAR 101.80 101.38 100.90 99.96
*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.