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.

Thursday, Jan. 29, 1998

Thur. Wed.

*U.K. (Pound) 1.6394 1.6412

30 days 1.6370 1.6389

60 days 1.6344 1.6362

90 days 1.6317 1.6337

CANADA (Dollar) 1.4626 1.4552

30 days 1.4612 1.4537

60 days 1.4597 1.4522

90 days 1.4586 1.4510

NETHERLANDS

(Guilder) 2.0537 2.0413

30 days 2.0501 2.0378

60 days 2.0462 2.0337

90 days 2.0426 2.0304

SWITZERLAND (Franc) 1.4695 1.4628

30 days 1.4644 1.4577

60 days 1.4588 1.4521

90 days 1.4535 1.4470

GERMANY (Mark) 1.8228 1.8118

30 days 1.8199 1.8089

60 days 1.8166 1.8055

90 days 1.8135 1.8026

FRANCE (Franc) 6.1051 6.0677

30 days 6.0952 6.0579

60 days 6.0848 6.0472

90 days 6.0746 6.0374

JAPAN (Yen) 125.53 124.91

30 days 125.03 124.41

60 days 124.48 123.84

90 days 123.90 123.30

OTHER EUROPEAN

Thur. Wed.

AUSTRIA (Schilling) 12.8105 12.7525

BELGIUM (Franc) 37.615 37.355

DENMARK (Krone) 6.9452 6.9057

FINLAND (Markka) 5.5173 5.4883

GREECE (Drachma) 288.51 287.30

Thur. Wed.

ITALY (Lira) 1798.95 1787.95

NORWAY (Krone) 7.5880 7.5171

POLAND (Zloty) 3.6074 3.5130

PORTUGAL (Escudo) 186.59 185.53

SPAIN (Peseta) 154.65 153.72

SWEDEN (Krona) 8.0968 8.0409

ASIAN AND OTHER COUNTRIES

*AUSTRALIA (Dollar) 0.6745 0.6820

HONG KONG (Dollar) 7.7365 7.7350

INDIA (Rupee) 38.740 38.750

INDONESIAN (Rupiah) 12000 12000

ISRAEL (Shekel) 3.5811 3.5584

*KUWAIT (Dinar) 0.3047 0.3047

LEBANON (Pound) 1525.50 1525.50

MALAYSIA (Ringgit) 4.3445 4.3748

*N. ZEALAND (Dollar) 0.5893 0.5972

PAKISTAN (Rupee) 43.9500 43.9500

PHILIPPINES (Peso) 41.500 41.500

SAUDI ARABIA (Riyal) 3.7505 3.7505

SINGAPORE (Dollar) 1.7235 1.7200

S. AFRICA (Rand) 4.9200 4.9170

S. KOREA (Won) 1679.95 1675.00

*SPEC. DRAWING RIGHT 1.35256 1.35170

TAIWAN (Dollar) 33.701 33.701

THAILAND (Baht) 53.50 53.50

TURKEY (Lira) 218400 218400

LATIN AMERICA

ARGENTINA (Peso) 0.9996 0.9996

BRAZIL (Real) 1.1224 1.1221

CHILE (Peso) 450.00 448.50

COLOMBIA (Peso) 1341.00 1339.25

MEXICO (N Peso) 8.2200 8.3700

PERU (New Sol) 2.7620 2.7600

VENEZUELA (Bolivar) 508.90 508.90

GOLD

Price per oz. Thur. Wed.

Spot price 303.60 302.30

*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.

Thursday, Jan. 29, 1998

Country Rate

*AUSTRALIA (Dollar) 0.6750

AUSTRIA (Shilling) 12.8090

BELGIUM (Franc) 37.5700

BRAZIL (Real) 1.1230

CANADA (Dollar) 1.4637

CHINA (Yuan) 8.3100

DENMARK (Krone) 6.9360

*EUR. CUR. UNIT (ECU) 1.0845

FINLAND (Markka) 5.5150

FRANCE (Franc) 6.0970

GERMANY (Mark) 1.8212

GREECE (Drachma) 288.5200

HONG KONG (Dollar) 7.7365

INDIA (Rupee) 38.8000

*IRELAND (Pound) 1.3785

ISRAEL Shekel) N.A.

ITALY (Lira) 1797.30

JAPAN (Yen) 125.380

MALAYSIA (Dollar) 4.3800

Country Rate

MEXICO (Peso) 8.4800

NETHERLANDS (Guilder) 2.0510

*NEW ZEALAND (Dollar) 0.5880

NORWAY (Krone) 7.5800

PHILIPPINES (Peso) N.A.

PORTUGAL (Escudo) 186.4600

SINGAPORE (Dollar) 1.7250

SOUTH AFRICA (Rand) 4.9260

SOUTH KOREA (Won) 1690.000

SPAIN (Peseta) 154.520

SRI LANKA (Rupee) 62.5000

SWEDEN (Krona) 8.0875

SWITZERLAND (franc) 1.4673

TAIWAN (Dollar) 34.2000

THAILAND (Baht) 54.1000

*UNITED KINGDOM (Pound) 1.6400

VENEZUELA (Bolivar) 510.5000

*These currencies are expressed in dollars per unit.