FOREIGN EXCHANGE

FOREIGN EXCHANGE

Quotations are offered rates of New York city banks relating to currency transfers of $1 million or larger. Foreign currency values are expressed in terms of currency units per dollar unless otherwise noted. To obtain the comparable dollar value, for those rates not quoted in dollars, divide into one. For example, when one U.S. dollar buys 6.9075 French francs, one dollar divided by 6.9075 francs equals $.1448 or 14.48 U.S. cents per franc.

Tue., Feb. 23, 1988Tue. Mon.

*U.K. (Pound) 1.7633 1.7600

30 days 1.7608 1.7573

60 days 1.7576 1.7540

90 days 1.7538 1.7503

CANADA (Dollar) 1.2666 1.2733

30 days 1.2682 1.2749

60 days 1.2699 1.2767

90 days 1.2718 1.2786

NETHERLANDS

(Guilder) 1.9015 1.9040

30 days 1.8974 1.8999

60 days 1.8928 1.8951

90 days 1.8886 1.8910

SWITZERLAND (Franc) 1.3940 1.3925

30 days 1.3880 1.3864

60 days 1.3824 1.3803

90 days 1.3772 1.3754

W. GERMANY (Mark) 1.6955 1.6983

30 days 1.6910 1.6938

60 days 1.6859 1.6887

90 days 1.6811 1.6840

FRANCE (Franc) 5.7330 5.7405

30 days 5.7350 5.7429

60 days 5.7385 5.7470

90 days 5.7465 5.7550

JAPAN (Yen) 129.02 129.40

30 days 128.72 129.09

60 days 128.45 128.83

90 days 128.17 128.54

OTHER EUROPEAN

Tue. Mon.

AUSTRIA (Shilling) 11.8970 11.9180

xBELGIUM (Franc) 35.3850 35.4600

zBELGIUM (Franc) 35.7300 36.8100

DENMARK (Krone) 6.5190 6.4795

GREECE (Drachma) 135.30 136.50

Tue. Mon.

ITALY (Lira) 1248.00 1249.50

NORWAY (Krone) 6.4270 6.4025

PORTUGAL (Escudo) 138.54 139.60

SPAIN (Peseta) 114.17 114.12

SWEDEN (Krona) 6.0680 6.0290

ASIAN AND OTHER COUNTRIES

*AUSTRALIA (Dollar) .7182 .7201

HONG KONG (Dollar) 7.7915 7.7910

INDIA (Rupee) 13.04 13.04

ISRAEL (Shekel) 1.5230 1.5900

*KUWAIT (Dinar) .27595 2.7660

LEBANON (Pound) 395.00 395.00

MALAYSIA (Ringgit) 2.5830 2.5860

*N. ZEALAND (Dollar) .6655 .6647

PAKISTAN (Rupee) 17.40 17.45

PHILIPPINES (Peso) 20.35 20.35

SAUDI ARABIA (Riyal) 3.7500 3.7500

SINGAPORE (Dollar) 2.0100 2.0100

*S. AFRICA (Rand) .4825 .4802

LATIN AMERICA

ARGENTINA (Austral) 4.0000 4.0000

BOLIVIA (Peso) 2.23 2.23

BRAZIL (Cruzado) 81.89 81.89

CHILE (Peso) 244.20 244.20

COLOMBIA (Peso) 267.25 267.25

MEXICO (Peso) 2255.0 2259.0

PERU (Inti) 63.04 63.04

URUGUAY (Peso) 290.00 290.00

VENEZUELA (Bolivar) 28.40 29.60

GOLD

Pr ice per oz. Tue. Mon

LONDON, 2nd fixing 442.40 445.50

x-Commercial rate z-Financial rate.

*These currencies are expressed in dollar

price per unit.

CUSTOMS RATES

Federal Reserve Bank of New York certified buying rates for certain foreign currencies to be used for customs purposes or appropriate cases.

Tue. (noon), Feb. 23, 1988

Country Rate

*AUSTRALIA (Dollar) .7191

AUSTRIA (Shilling) 11.9030

BELGIUM (Franc) 35.3500

BRAZIL (Cruzado) N.A.

CANADA (Dollar) 1.2706

CHINA (Yuan) 3.7314

DENMARK (Krone) 6.4600

FINLAND (Markka) 4.1003

FRANCE (Franc) 5.7245

GERMANY (Mark) 1.6918

GREECE (Drachma) 135.50

HONG KONG (Dollar) 7.7955

INDIA (Rupee) 13.03

*IRELAND (Pound) 1.5730

ISRAEL (Shekel) N.A.

ITALY (Lira) 1246.50

JAPAN (Yen) 128.78

MALAYSIA (Ringgit) 2.5865

Country Rate

MEXICO (Peso) N.A.

NETHERLANDS (Guilder) 1.8990

*NEW ZEALAND (Dollar) .6655

NORWAY (Krone) 6.3870

PHILIPPINES (Peso) N.A.

PORTUGAL (Escudo) 138.60

SINGAPORE (Dollar) 2.0150

*SOUTH AFRICA (Rand) .4800

SOUTH KOREA (Won) 769.80

SPAIN (Peseta) 113.9700

SRI LANKA (Rupee) 30.8675

SWEDEN (Krona) 6.0250

SWITZERLAND (Franc) 1.3902

TAIWAN (Dollar) 28.66

THAILAND (Baht) 25.33

UNITED KINGDOM (Pound) 1.7663

VENEZUELA (Bolivar) N.A.

*Value in U.S. dollar. Commercial.