US Economic Report Table 1999 - Foreign exchange rates_ 1977-98

Table B-110.--Foreign exchange rates, 1977-98 [Currency units per U.S. dollar, except as noted] _________________________ _ ________ _ ________ _ ________ _ ________ _ ________ Period Belgium Canada France Germany Italy (franc) (dollar) (franc) (mark) (lira) _________________________ _ ________ _ ________ _ ________ _ ________ _ ________ March 1973..................................................................................................................................................... 39.408 0.9967 4.5156 2.8132 568.17 ________ _ ________ _ ________ _ ________ _ ________ 1977..................................................................................................................................................... 35.849 1.0633 4.9161 2.3236 882.78 1978..................................................................................................................................................... 31.495 1.1405 4.5091 2.0097 849.13 1979..................................................................................................................................................... 29.342 1.1713 4.2567 1.8343 831.11 1980..................................................................................................................................................... 29.238 1.1693 4.2251 1.8175 856.21 1981..................................................................................................................................................... 37.195 1.1990 5.4397 2.2632 1,138.58 1982..................................................................................................................................................... 45.781 1.2344 6.5794 2.4281 1,354.00 1983..................................................................................................................................................... 51.123 1.2325 7.6204 2.5539 1,519.32 1984..................................................................................................................................................... 57.752 1.2952 8.7356 2.8455 1,756.11 1985..................................................................................................................................................... 59.337 1.3659 8.9800 2.9420 1,908.88 1986..................................................................................................................................................... 44.664 1.3896 6.9257 2.1705 1,491.16 1987..................................................................................................................................................... 37.358 1.3259 6.0122 1.7981 1,297.03 1988..................................................................................................................................................... 36.785 1.2306 5.9595 1.7570 1,302.39 1989..................................................................................................................................................... 39.409 1.1842 6.3802 1.8808 1,372.28 1990..................................................................................................................................................... 33.424 1.1668 5.4467 1.6166 1,198.27 1991..................................................................................................................................................... 34.195 1.1460 5.6468 1.6610 1,241.28 1992..................................................................................................................................................... 32.148 1.2085 5.2935 1.5618 1,232.17 1993..................................................................................................................................................... 34.581 1.2902 5.6669 1.6545 1,573.41 1994..................................................................................................................................................... 33.426 1.3664 5.5459 1.6216 1,611.49 1995..................................................................................................................................................... 29.472 1.3725 4.9864 1.4321 1,629.45 1996..................................................................................................................................................... 30.970 1.3638 5.1158 1.5049 1,542.76 1997..................................................................................................................................................... 35.807 1.3849 5.8393 1.7348 1,703.81 1998..................................................................................................................................................... 36.310 1.4836 5.8995 1.7597 1,736.85 1997:I..................................................................................................................................................... 34.190 1.3593 5.5926 1.6575 1,637.48 II..................................................................................................................................................... 35.388 1.3864 5.7813 1.7148 1,691.18 III..................................................................................................................................................... 37.305 1.3850 6.0845 1.8065 1,761.83 IV..................................................................................................................................................... 36.283 1.4087 5.8886 1.7577 1,722.20 1998:I..................................................................................................................................................... 37.558 1.4298 6.0957 1.8190 1,792.04 II..................................................................................................................................................... 37.022 1.4469 6.0162 1.7944 1,770.03 III..................................................................................................................................................... 36.348 1.5136 5.9091 1.7623 1,739.18 IV..................................................................................................................................................... 34.309 1.5430 5.5758 1.6630 1,645.88 ________ _ ________ _ ________ _ ________ _ ________Trade-weighted value of the U.S. dollar ________ _ ________ _ ________ _ ________ _ ________ Nominal ________ _ ________ _ ________ _ ________ ________ Broad Major G-10 index index currencies OITP index G-10 index (March (January index (January (March 1973=100)-1997=100)-(March 1997=100)-1973=100)-\2\ \3\ 1973=100)-\5\ \2\ \4\ ________ _ ________ _ ________ _ ________ _ ________ 1977..................................................................................................................................................... 103.400 34.7000 105.3000 2.9000 93.40 1978..................................................................................................................................................... 92.400 33.2000 96.7000 3.1000 84.30 1979..................................................................................................................................................... 88.100 33.7000 95.5000 3.3000 83.30 1980..................................................................................................................................................... 87.400 34.8000 95.3000 3.7000 85.10 1981..................................................................................................................................................... 103.400 38.5000 104.1000 4.2000 101.10 1992..................................................................................................................................................... 116.600 44.8000 114.7000 5.5000 112.00 1983..................................................................................................................................................... 125.300 50.5000 118.6000 7.4000 117.50 1984..................................................................................................................................................... 138.200 57.5000 126.3000 9.7000 129.00 1985..................................................................................................................................................... 143.000 64.5000 131.0000 13.0000 132.80 1986..................................................................................................................................................... 112.200 60.4000 107.9000 16.3000 103.90 1987..................................................................................................................................................... 96.900 58.3000 95.4000 19.2000 91.10 1988..................................................................................................................................................... 92.700 59.0000 88.8000 23.3000 88.50 1989..................................................................................................................................................... 98.600 65.2000 92.4000 29.0000 94.90 1990..................................................................................................................................................... 89.100 70.0000 88.4000 39.1000 86.60 1991..................................................................................................................................................... 89.800 73.1000 86.9000 45.7000 86.90 1992..................................................................................................................................................... 86.600 76.3000 85.4000 52.9000 83.60 1993..................................................................................................................................................... 93.200 84.4000 87.7000 66.0000 89.90 1994..................................................................................................................................................... 91.300 90.4000 86.2000 80.5000 88.60 1995..................................................................................................................................................... 84.200 92.5000 81.4000 92.5000 82.40 1996..................................................................................................................................................... 87.300 97.4000 85.2000 98.2000 86.40 1997..................................................................................................................................................... 96.400 104.5000 91.9000 104.7000 95.90 1998..................................................................................................................................................... 98.800 116.3000 96.5000 125.7000 98.70 1997:I..................................................................................................................................................... 93.700 101.5000 90.0000 100.5000 93.40 II..................................................................................................................................................... 95.700 102.6000 91.3000 101.3000 95.20 III..................................................................................................................................................... 98.600 104.7000 92.5000 104.1000 98.00 IV..................................................................................................................................................... 97.500 109.1000 93.6000 112.9000 97.00 1998:I..................................................................................................................................................... 100.300 115.1000 95.9000 123.9000 100.00 II..................................................................................................................................................... 100.300 115.7000 97.3000 122.9000 99.90 III..................................................................................................................................................... 100.200 119.1000 99.1000 128.3000 100.20 IV..................................................................................................................................................... 94.500 115.1000 93.7000 127.7000 94.80 _________________________ _ ________ _ ________ _ ________ _ ________ _ ________\1\ Value is U.S. dollars per pound. \2\ G-10 comprises the countries shown in this table. Discontinued after December 1998. \3\ The broad index is a weighted average of the foreign exchange value of the dollar against the currencies of U.S. trading partners. \4\ Subset of the broad index. Includes G-10 countries plus Spain, Ireland, Austria, Finland, Portugal, and Australia. \5\ Subset of the broad index. Includes other important U.S. trading partners (OITP) whose currencies are not outside their home markets. \6\ Adjusted for changes in the consumer price index. Note.--Certified noon buying rates in New York. For a discussion of the newly introduced multilateral trade-weighted indexes for the U.S. dollar, see Federal October 1998. Source: Board of Governors of the Federal Reserve System.exchange rates, 1977-98 except as noted] _ ________ _ ________ _ ________ _ ________ _ ________ _ Nether-Switzer-United Japan lands Sweden land Kingdom (yen) (guil-(krona) (franc) (pound)-der) \1\ _ ________ _ ________ _ ________ _ ________ _ ________ _ 261.90 2.8714 4.4294 3.2171 2.4724 _ ________ _ ________ _ ________ _ ________ _ ________ _ 268.62 2.4548 4.4802 2.4065 1.7449 210.39 2.1643 4.5207 1.7907 1.9184 219.02 2.0073 4.2893 1.6644 2.1224 226.63 1.9875 4.2310 1.6772 2.3246 220.63 2.4999 5.0660 1.9675 2.0243 249.06 2.6719 6.2839 2.0327 1.7480 237.55 2.8544 7.6718 2.1007 1.5159 237.46 3.2085 8.2708 2.3500 1.3368 238.47 3.3185 8.6032 2.4552 1.2974 168.35 2.4485 7.1273 1.7979 1.4677 144.60 2.0264 6.3469 1.4918 1.6398 128.17 1.9778 6.1370 1.4643 1.7813 138.07 2.1219 6.4559 1.6369 1.6382 145.00 1.8215 5.9231 1.3901 1.7841 134.59 1.8720 6.0521 1.4356 1.7674 126.78 1.7587 5.8258 1.4064 1.7663 111.08 1.8585 7.7956 1.4781 1.5016 102.18 1.8190 7.7161 1.3667 1.5319 93.96 1.6044 7.1406 1.1812 1.5785 108.78 1.6863 6.7082 1.2361 1.5607 121.06 1.9525 7.6446 1.4514 1.6376 130.99 1.9837 7.9522 1.4506 1.6573 121.16 1.8630 7.3744 1.4357 1.6314 119.80 1.9289 7.7099 1.4460 1.6354 118.02 2.0340 7.8318 1.4883 1.6254 125.39 1.9809 7.6499 1.4343 1.6587 128.23 2.0505 8.0172 1.4767 1.6465 135.68 2.0218 7.8181 1.4934 1.6541 140.01 1.9874 8.0011 1.4703 1.6531 119.40 1.8749 7.9753 1.3602 1.6758 _ ________ _ ________ _ ________ _ ________ _ ________ _of the U.S. dollar _ ________ _ ________ _ ________ Real\6\ _ ________ _ ________ _ ________ Broad Major index currencies OITP index (March index (March 1973=100)-1973=100)-(March 1973=100)-\3\ 1973=100)-\5\ \4\ _ ________ _ ________ _ ________ _ 94.10 94.1000 93.7000 88.20 86.9000 91.7000 89.40 88.8000 91.2000 91.50 91.8000 91.0000 98.00 100.8000 92.6000 107.60 109.2000 104.3000 111.60 110.7000 113.4000 118.20 118.0000 119.3000 123.30 122.0000 127.0000 108.60 99.7000 132.9000 99.10 89.2000 126.8000 92.40 84.1000 115.8000 94.00 88.1000 110.9000 91.20 85.1000 108.8000 89.70 83.4000 107.8000 86.80 82.3000 101.2000 88.30 85.0000 100.4000 86.40 84.6000 95.5000 84.00 80.8000 95.3000 85.90 85.8000 92.5000 90.50 93.2000 93.6000 98.40 98.3000 105.7000 88.60 91.5000 91.1000 89.00 92.4000 91.0000 90.60 93.8000 92.8000 93.90 95.0000 99.3000 98.20 97.5000 106.4000 98.20 99.0000 104.3000 100.70 101.2000 107.5000 96.50 95.7000 104.8000 _ ________ _ ________ _ ________ _against the currencies of a broad group Portugal, and Australia. currencies are not heavily traded dollar, see Federal Reserve Bulletin,