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Release Date: January 4, 1999
Release dates | Dollar indexes, summary measures | Currency weights
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G.5(405) December 31, 1998
FOREIGN EXCHANGE RATES
THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN DECEMBER 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 December November October December
*AUSTRALIA DOLLAR 0.6182 0.6349 0.6179 0.6619
AUSTRIA SCHILLING 11.746 11.840 11.524 12.510
BELGIUM FRANC 34.44 34.71 33.81 36.75
BRAZIL REAL 1.2052 1.1932 1.1889 1.1136
CANADA DOLLAR 1.5433 1.5404 1.5452 1.4271
CHINA,P.R. YUAN 8.2780 8.2778 8.2778 8.3099
DENMARK KRONE 6.3531 6.3960 6.2294 6.7752
*EURO COMMUNITY ECU 1.1756 1.1681 1.2019 1.1119
FINLAND MARKKA 5.0769 5.1163 4.9845 5.3789
FRANCE FRANC 5.5981 5.6422 5.4925 5.9542
GERMANY D. MARK 1.6698 1.6827 1.6381 1.7788
GREECE DRACHMA 280.43 282.64 281.64 279.93
HONG KONG DOLLAR 7.7471 7.7432 7.7483 7.7456
INDIA RUPEE 42.59 42.43 42.39 39.40
*IRELAND POUND 1.4876 1.4777 1.5221 1.4533
ITALY LIRA 1653.23 1664.91 1620.96 1743.86
JAPAN YEN 117.07 120.29 121.05 129.73
MALAYSIA RINGGIT 3.8014 3.8000 3.8000 3.7907
MEXICO PESO 9.907 9.968 10.159 8.127
NETHERLANDS GUILDER 1.8816 1.8969 1.8479 2.0051
*NEW ZEALAND DOLLAR 0.5223 0.5340 0.5213 0.5914
NORWAY KRONE 7.6050 7.4562 7.4294 7.2630
PORTUGAL ESCUDO 171.19 172.52 168.01 181.91
SINGAPORE DOLLAR 1.6515 1.6378 1.6378 1.6518
SOUTH AFRICA RAND 5.9030 5.6511 5.7991 4.8706
SOUTH KOREA WON 1213.22 1294.01 1344.14 1494.04
SPAIN PESETA 142.08 143.05 139.23 150.46
SRI LANKA RUPEE 68.117 67.578 66.345 61.591
SWEDEN KRONA 8.0716 8.0140 7.8395 7.7977
SWITZERLAND FRANC 1.3604 1.3852 1.3373 1.4393
TAIWAN DOLLAR 32.337 32.603 33.121 32.502
THAILAND BAHT 36.276 36.527 38.118 44.309
*UNITED KINGDOM POUND 1.6708 1.6611 1.6944 1.6597
VENEZUELA BOLIVAR 565.89 569.66 570.68 502.99
MEMO:
UNITED STATES DOLLAR
1)BROAD JAN97=100 114.56 115.34 115.46 112.60
2)MAJOR CURRENCY MAR73=100 93.40 94.23 93.46 95.26
3)OITP JAN97=100 126.80 127.31 129.02 118.69
4)G-10 MAR73=100 94.61 95.46 93.69 98.82
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.
4) A weighted average of the foreign exchange value of the U.S. dollar against the currencies
of the other G-10 countries. We will discontinue publication of this series after December 1998.
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.
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Last update: January 4, 1999