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, Feb. 12, 1998

Thur. Wed.

*U.K. (Pound) 1.6385 1.6317

30 days 1.6361 1.6293

60 days 1.6335 1.6267

90 days 1.6310 1.6244

CANADA (Dollar) 1.4366 1.4360

30 days 1.4356 1.4350

60 days 1.4348 1.4341

90 days 1.4341 1.4334

NETHERLANDS

(Guilder) 2.0372 2.0507

30 days 2.0336 2.0472

60 days 2.0297 2.0431

90 days 2.0260 2.0397

SWITZERLAND (Franc) 1.4520 1.4645

30 days 1.4468 1.4594

60 days 1.4411 1.4537

90 days 1.4359 1.4487

GERMANY (Mark) 1.8081 1.8193

30 days 1.8051 1.8163

60 days 1.8019 1.8127

90 days 1.7987 1.8100

FRANCE (Franc) 6.0570 6.0977

30 days 6.0471 6.0878

60 days 6.0363 6.0766

90 days 6.0260 6.0671

JAPAN (Yen) 124.58 123.62

30 days 124.22 123.13

60 days 123.56 122.59

90 days 123.03 122.08

OTHER EUROPEAN

Thur. Wed.

AUSTRIA (Schilling) 12.7290 12.7930

BELGIUM (Franc) 37.335 37.525

DENMARK (Krone) 6.8913 6.9303

FINLAND (Markka) 5.4918 5.5176

GREECE (Drachma) 285.95 287.25

Thur. Wed.

ITALY (Lira) 1785.80 1795.00

NORWAY (Krone) 7.5185 7.5610

POLAND (Zloty) 3.5976 3.5976

PORTUGAL (Escudo) 185.21 186.07

SPAIN (Peseta) 153.39 154.11

SWEDEN (Krona) 8.0598 8.1255

ASIAN AND OTHER COUNTRIES

*AUSTRALIA (Dollar) 0.6731 0.6774

HONG KONG (Dollar) 7.7400 7.7383

INDIA (Rupee) 38.800 38.715

INDONESIAN (Rupiah) 7200 7200

ISRAEL (Shekel) 3.5766 3.5766

*KUWAIT (Dinar) 0.3051 0.3052

LEBANON (Pound) 1524.75 1524.75

MALAYSIA (Ringgit) 3.7937 3.5976

*N. ZEALAND (Dollar) 0.5819 0.5860

PAKISTAN (Rupee) 43.9500 43.9500

PHILIPPINES (Peso) 40.300 40.300

SAUDI ARABIA (Riyal) 3.7505 3.7505

SINGAPORE (Dollar) 1.6506 1.6285

S. AFRICA (Rand) 4.9260 4.9260

S. KOREA (Won) 1623 1600

*SPEC. DRAWING RIGHT 1.35492 1.34975

TAIWAN (Dollar) 32.800 32.800

THAILAND (Baht) 44.50 42.30

TURKEY (Lira) 223520 222950

LATIN AMERICA

ARGENTINA (Peso) 0.9996 0.9996

BRAZIL (Real) 1.1250 1.1250

CHILE (Peso) 451.00 451.00

COLOMBIA (Peso) 1346.10 1346.10

MEXICO (N Peso) 8.4500 8.3500

PERU (New Sol) 2.8020 2.8020

VENEZUELA (Bolivar) 512.70 512.70

GOLD

Price per oz. Thur. Wed.

Spot price 298.70 299.60

*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.

Thursday, Feb. 12, 1998

Country Rate

*AUSTRALIA (Dollar) 0.6770

AUSTRIA (Shilling) 12.7350

BELGIUM (Franc) 37.3800

BRAZIL (Real) 1.1262

CANADA (Dollar) 1.4383

CHINA (Yuan) 8.3100

DENMARK (Krone) 6.8915

*EUR. CUR. UNIT (ECU) 1.0915

FINLAND (Markka) 5.4928

FRANCE (Franc) 6.0665

GERMANY (Mark) 1.8090

GREECE (Drachma) 286.0600

HONG KONG (Dollar) 7.7400

INDIA (Rupee) 38.8500

*IRELAND (Pound) 1.3815

ISRAEL Shekel) N.A.

ITALY (Lira) 1785.63

JAPAN (Yen) 123.780

MALAYSIA (Dollar) 3.7800

Country Rate

MEXICO (Peso) 8.4550

NETHERLANDS (Guilder) 2.0400

*NEW ZEALAND (Dollar) 0.5842

NORWAY (Krone) 7.5216

PHILIPPINES (Peso) N.A.

PORTUGAL (Escudo) 185.3000

SINGAPORE (Dollar) 1.6535

SOUTH AFRICA (Rand) 4.9320

SOUTH KOREA (Won) 1629.000

SPAIN (Peseta) 153.470

SRI LANKA (Rupee) 62.3500

SWEDEN (Krona) 8.0770

SWITZERLAND (franc) 1.4510

TAIWAN (Dollar) 32.9000

THAILAND (Baht) 45.1000

*UNITED KINGDOM (Pound) 1.6379

VENEZUELA (Bolivar) 516.2000

*These currencies are expressed in dollars per unit.