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.

Monday, Feb. 2, 1998

Mon. Fri.

*U.K. (Pound) 1.6376 1.6310

30 days 1.6352 1.6286

60 days 1.6325 1.6260

90 days 1.6301 1.6235

CANADA (Dollar) 1.4526 1.4558

30 days 1.4517 1.4549

60 days 1.4507 1.4541

90 days 1.4501 1.4532

NETHERLANDS

(Guilder) 2.0482 2.0651

30 days 2.0445 2.0615

60 days 2.0404 2.0576

90 days 2.0370 2.0541

SWITZERLAND (Franc) 1.4719 1.4823

30 days 1.4669 1.4767

60 days 1.4610 1.4716

90 days 1.4558 1.4664

GERMANY (Mark) 1.8174 1.8321

30 days 1.8144 1.8291

60 days 1.8109 1.8258

90 days 1.8082 1.8228

FRANCE (Franc) 6.0915 6.1410

30 days 6.0816 6.1311

60 days 6.0703 6.1206

90 days 6.0611 6.1104

JAPAN (Yen) 126.63 126.94

30 days 126.13 126.44

60 days 125.54 125.89

90 days 125.02 125.30

OTHER EUROPEAN

Mon. Fri.

AUSTRIA (Schilling) 12.7875 12.8855

BELGIUM (Franc) 37.600 37.805

DENMARK (Krone) 6.9342 6.9810

FINLAND (Markka) 5.5049 5.5455

GREECE (Drachma) 287.76 290.11

Mon. Fri.

ITALY (Lira) 1794.20 1807.45

NORWAY (Krone) 7.5257 7.6027

POLAND (Zloty) 3.6277 3.5410

PORTUGAL (Escudo) 185.97 187.51

SPAIN (Peseta) 154.10 155.41

SWEDEN (Krona) 8.0724 8.1465

ASIAN AND OTHER COUNTRIES

*AUSTRALIA (Dollar) 0.6868 0.6849

HONG KONG (Dollar) 7.7360 7.7365

INDIA (Rupee) 38.890 38.740

INDONESIAN (Rupiah) 10000 11000

ISRAEL (Shekel) 3.5857 3.5794

*KUWAIT (Dinar) 0.3054 0.3047

LEBANON (Pound) 1525.50 1525.50

MALAYSIA (Ringgit) 4.1095 4.2043

*N. ZEALAND (Dollar) 0.5914 0.5863

PAKISTAN (Rupee) 43.9500 43.9500

PHILIPPINES (Peso) 41.200 41.500

SAUDI ARABIA (Riyal) 3.7505 3.7505

SINGAPORE (Dollar) 1.7070 1.7125

S. AFRICA (Rand) 4.9230 4.9370

S. KOREA (Won) 1555 1520

*SPEC. DRAWING RIGHT 1.34369 1.34536

TAIWAN (Dollar) 33.300 33.701

THAILAND (Baht) 51.80 52.50

TURKEY (Lira) 220090 218600

LATIN AMERICA

ARGENTINA (Peso) 0.9996 0.9996

BRAZIL (Real) 1.1231 1.1231

CHILE (Peso) 454.50 451.00

COLOMBIA (Peso) 1343.50 1341.70

MEXICO (N Peso) 8.4440 8.4850

PERU (New Sol) 2.7760 2.7690

VENEZUELA (Bolivar) 510.45 510.00

GOLD

Price per oz. Mon. Fri.

Spot price 302.50 301.90

*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.

Monday, Feb. 1, 1998

Country Rate

*AUSTRALIA (Dollar) 0.6868

AUSTRIA (Shilling) 12.7960

BELGIUM (Franc) 37.5000

BRAZIL (Real) 1.1235

CANADA (Dollar) 1.4529

CHINA (Yuan) 8.2790

DENMARK (Krone) 6.9320

*EUR. CUR. UNIT (ECU) 1.0850

FINLAND (Markka) 5.5070

FRANCE (Franc) 6.0935

GERMANY (Mark) 1.8210

GREECE (Drachma) 287.8500

HONG KONG (Dollar) 7.7365

INDIA (Rupee) 38.9500

*IRELAND (Pound) 1.3785

ISRAEL Shekel) N.A.

ITALY (Lira) 796.0000

JAPAN (Yen) 126.6500

MALAYSIA (Dollar) 4.1300

Country Rate

MEXICO (Peso) 8.4470

NETHERLANDS (Guilder) 2.0500

*NEW ZEALAND (Dollar) 0.5915

NORWAY (Krone) 7.5280

PHILIPPINES (Peso) N.A.

PORTUGAL (Escudo) 186.2000

SINGAPORE (Dollar) 1.7090

SOUTH AFRICA (Rand) 4.9275

SOUTH KOREA (Won) 1556.000

SPAIN (Peseta) 154.190

SRI LANKA (Rupee) 6.2100

SWEDEN (Krona) 8.0720

SWITZERLAND (franc) 1.4730

TAIWAN (Dollar) 33.5000

THAILAND (Baht) 51.0000

*UNITED KINGDOM (Pound) 1.6380

VENEZUELA (Bolivar) 511.6500

*These currencies are expressed in dollars per unit.