FOREIGN EXCHANGE

FOREIGN EXCHANGE

The New York foreign exchange rates below are selling rates among trading banks of $1 million and more as quoted early afternoon in New York. Retail transactions provide fewer units of foreign currency per dollar. 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.

Wednesday, Jan. 21, 1998

Wed. Tues.

*U.K. (Pound) 1.6267 1.6250

30 days 1.6242 1.6224

60 days 1.6217 1.6199

90 days 1.6191 1.6174

CANADA (Dollar) 1.4426 1.4366

30 days 1.4411 1.4350

60 days 1.4401 1.4340

90 days 1.4389 1.4331

NETHERLANDS

(Guilder) 2.0587 2.0743

30 days 2.0547 2.0702

60 days 2.0513 2.0667

90 days 2.0477 2.0630

SWITZERLAND (Franc) 1.4856 1.4975

30 days 1.4801 1.4918

60 days 1.4752 1.4869

90 days 1.4701 1.4818

GERMANY (Mark) 1.8280 1.8407

30 days 1.8247 1.8373

60 days 1.8218 1.8344

90 days 1.8188 1.8314

FRANCE (Franc) 6.1176 6.1640

30 days 6.1067 6.1528

60 days 6.0974 6.1433

90 days 6.0871 6.1333

JAPAN (Yen) 127.54 128.69

30 days 126.98 128.11

60 days 126.48 127.60

90 days 125.92 127.06

OTHER EUROPEAN

Wed. Tues.

AUSTRIA (Schilling) 12.8090 12.9540

BELGIUM (Franc) 37.545 37.965

DENMARK (Krone) 6.9367 7.0109

FINLAND (Markka) 5.5107 5.5664

GREECE (Drachma) 286.95 289.77

Wed. Tues.

ITALY (Lira) 1790.70 1808.65

NORWAY (Krone) 7.5115 7.5747

POLAND (Zloty) 3.6176 3.6176

PORTUGAL (Escudo) 186.18 188.23

SPAIN (Peseta) 154.23 156.01

SWEDEN (Krona) 8.0095 8.0915

ASIAN AND OTHER COUNTRIES

*AUSTRALIA (Dollar) 0.6626 0.6664

HONG KONG (Dollar) 7.7352 7.7347

INDIA (Rupee) 38.750 39.100

INDONESIAN (Rupiah) 11500 10100

ISRAEL (Shekel) 3.6010 3.6010

*KUWAIT (Dinar) 0.3058 0.3058

LEBANON (Pound) 1525.70 1526.00

MALAYSIA (Ringgit) 4.3532 4.2098

*N. ZEALAND (Dollar) 0.5835 0.5850

PAKISTAN (Rupee) 43.9500 43.9500

PHILIPPINES (Peso) 41.000 41.000

SAUDI ARABIA (Riyal) 3.7505 3.7505

SINGAPORE (Dollar) 1.7520 1.7465

S. AFRICA (Rand) 4.9620 4.9750

S. KOREA (Won) 1723 1640

*SPEC. DRAWING RIGHT 1.34150 1.33887

TAIWAN (Dollar) 33.551 33.551

THAILAND (Baht) 53.00 52.20

TURKEY (Lira) 215460 215670

LATIN AMERICA

ARGENTINA (Peso) 0.9996 0.9996

BRAZIL (Real) 1.1196 1.1196

CHILE (Peso) 455.00 455.00

COLOMBIA (Peso) 1326 1326

MEXICO (N Peso) 8.2700 8.2100

PERU (New Sol) 2.7350 2.7350

VENEZUELA (Bolivar) 508.30 508.30

GOLD

Price per oz. Wed. Tues.

Spot price 291.40 288.60

*These currencies are expressed in dollars 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.

Wednesday, Jan. 21, 1998

Country Rate

*AUSTRALIA (Dollar) 0.6595

AUSTRIA (Shilling) 12.8950

BELGIUM (Franc) 37.7400

BRAZIL (Real) 1.1210

CANADA (Dollar) 1.4437

CHINA (Yuan) 8.3100

DENMARK (Krone) 6.9650

*EUR. CUR. UNIT (ECU) 1.0796

FINLAND (Markka) 5.5360

FRANCE (Franc) 6.1230

GERMANY (Mark) 1.8275

GREECE (Drachma) 288.5000

HONG KONG (Dollar) 7.7360

INDIA (Rupee) 38.9000

*IRELAND (Pound) 1.3745

ISRAEL Shekel) N.A.

ITALY (Lira) 1798.15

JAPAN (Yen) 127.500

MALAYSIA (Dollar) 4.3795

Country Rate

MEXICO (Peso) 8.2800

NETHERLANDS (Guilder) 2.0589

*NEW ZEALAND (Dollar) 0.5815

NORWAY (Krone) 7.5423

PHILIPPINES (Peso) N.A.

PORTUGAL (Escudo) 187.0500

SINGAPORE (Dollar) 1.7540

SOUTH AFRICA (Rand) 4.9645

SOUTH KOREA (Won) 1725.000

SPAIN (Peseta) 154.800

SRI LANKA (Rupee) 62.2000

SWEDEN (Krona) 8.0493

SWITZERLAND (franc) 1.4861

TAIWAN (Dollar) 33.4900

THAILAND (Baht) 52.5000

*UNITED KINGDOM (Pound) 1.6264

VENEZUELA (Bolivar) 510.4000

*These currencies are expressed in dollars per unit.