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Release Date: June 1, 1999
Release dates | Dollar indexes, summary measures | Currency weights
Current release Other formats: Screen reader | ASCII
G.5(405) May 28, 1999
FOREIGN EXCHANGE RATES
THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN MAY 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)
MONETARY 1999 1999 1999 1998
COUNTRY UNIT May April March May
*AUSTRALIA DOLLAR 0.6628 0.6420 0.6308 0.6312
AUSTRIA SCHILLING N.A. N.A. N.A. 12.491
BELGIUM FRANC N.A. N.A. N.A. 36.62
BRAZIL REAL 1.6853 1.7025 1.9057 1.1475
CANADA DOLLAR 1.4611 1.4881 1.5176 1.4452
CHINA, P.R. YUAN 8.2785 8.2792 8.2792 8.3084
DENMARK KRONE 6.9925 6.9475 6.8287 6.7662
*EMU MEMBERS EURO 1.0630 1.0701 1.0886 N.A.
*EURO COMMUNITY ECU N.A. N.A. N.A. 1.1096
FINLAND MARKKA N.A. N.A. N.A. 5.3966
FRANCE FRANC N.A. N.A. N.A. 5.9528
GERMANY D. MARK N.A. N.A. N.A. 1.7753
GREECE DRACHMA 305.96 304.26 296.36 307.22
HONG KONG DOLLAR 7.7531 7.7495 7.7493 7.7490
INDIA RUPEE 42.86 42.80 42.52 40.47
*IRELAND POUND N.A. N.A. N.A. 1.4174
ITALY LIRA N.A. N.A. N.A. 1750.79
JAPAN YEN 122.00 119.77 119.47 134.90
MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8204
MEXICO PESO 9.395 9.430 9.732 8.585
NETHERLANDS GUILDER N.A. N.A. N.A. 2.0005
*NEW ZEALAND DOLLAR 0.5530 0.5427 0.5345 0.5388
NORWAY KRONE 7.7496 7.7750 7.8151 7.4539
PORTUGAL ESCUDO N.A. N.A. N.A. 181.87
SINGAPORE DOLLAR 1.7122 1.7134 1.7292 1.6374
SOUTH AFRICA RAND 6.1809 6.1186 6.2136 5.0927
SOUTH KOREA WON 1197.92 1209.96 1229.72 1399.05
SPAIN PESETA N.A. N.A. N.A. 150.81
SRI LANKA RUPEE 70.581 69.588 69.570 64.261
SWEDEN KRONA 8.4432 8.3293 8.2144 7.7026
SWITZERLAND FRANC 1.5078 1.4971 1.4660 1.4790
TAIWAN DOLLAR 32.791 32.965 33.165 33.466
THAILAND BAHT 37.051 37.631 37.557 39.198
*UNITED KINGDOM POUND 1.6154 1.6089 1.6213 1.6382
VENEZUELA BOLIVAR 596.48 587.79 580.06 537.26
MEMO:
UNITED STATES DOLLAR
1)BROAD JAN97=100 116.91 117.15 117.80 115.16
2)MAJOR CURRENCY MAR73=100 95.79 95.76 95.69 96.88
3)OITP JAN97=100 128.55 129.24 131.03 122.28
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.
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
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Last update: June 1, 1999