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, March 4, 1998

Wed. Tues.

*U.K. (Pound) 1.6474 1.6504

30 days 1.6449 1.6477

60 days 1.6424 1.6453

90 days 1.6397 1.6428

CANADA (Dollar) 1.4224 1.4184

30 days 1.4214 1.4173

60 days 1.4204 1.4163

90 days 1.4196 1.4155

NETHERLANDS

(Guilder) 2.0471 2.0389

30 days 2.0431 2.0348

60 days 2.0393 2.0311

90 days 2.0353 2.0274

SWITZERLAND (Franc) 1.4784 1.4669

30 days 1.4726 1.4606

60 days 1.4670 1.4553

90 days 1.4610 1.4497

GERMANY (Mark) 1.8165 1.8086

30 days 1.8131 1.8051

60 days 1.8100 1.8021

90 days 1.8066 1.7988

FRANCE (Franc) 6.0899 6.0642

30 days 6.0787 6.0526

60 days 6.0682 6.0424

90 days 6.0569 6.0317

JAPAN (Yen) 126.30 125.95

30 days 125.75 125.38

60 days 125.23 124.86

90 days 124.64 124.33

OTHER EUROPEAN

Wed. Tues.

AUSTRIA (Schilling) 12.7795 12.7190

BELGIUM (Franc) 37.475 37.315

DENMARK (Krone) 6.9225 6.8918

FINLAND (Markka) 5.5135 5.4875

GREECE (Drachma) 286.88 285.85

Wed. Tues.

ITALY (Lira) 1786.95 1779.60

NORWAY (Krone) 7.5493 7.5407

POLAND (Zloty) 3.6453 3.6476

PORTUGAL (Escudo) 185.84 185.12

SPAIN (Peseta) 153.94 153.27

SWEDEN (Krona) 7.9915 7.9735

ASIAN AND OTHER COUNTRIES

*AUSTRALIA (Dollar) 0.6757 0.6788

HONG KONG (Dollar) 7.7423 7.7423

INDIA (Rupee) 39.480 39.460

INDONESIAN (Rupiah) 9350 8900

ISRAEL (Shekel) 3.5732 3.5714

*KUWAIT (Dinar) 0.3050 0.3048

LEBANON (Pound) 1523.50 1523.50

MALAYSIA (Ringgit) 3.8045 3.7545

*N. ZEALAND (Dollar) 0.5838 0.5861

PAKISTAN (Rupee) 43.9500 43.9500

PHILIPPINES (Peso) 39.750 39.550

SAUDI ARABIA (Riyal) 3.7504 3.7505

SINGAPORE (Dollar) 1.6355 1.6345

S. AFRICA (Rand) 4.9280 4.9280

S. KOREA (Won) 1564 1556

*SPEC. DRAWING RIGHT 1.34984 1.34964

TAIWAN (Dollar) 31.977 33.197

THAILAND (Baht) 43.90 43.45

TURKEY (Lira) 232130 231230

LATIN AMERICA

ARGENTINA (Peso) 0.9996 0.9996

BRAZIL (Real) 1.1308 1.1300

CHILE (Peso) 450.70 449.70

COLOMBIA (Peso) 1350.00 1354.10

MEXICO (N Peso) 8.5650 8.5100

PERU (New Sol) 2.8100 2.8100

VENEZUELA (Bolivar) 517.75 517.50

GOLD

Price per oz. Wed. Tues.

Spot price 297.00 296.70

*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, March 4, 1998

Country Rate

*AUSTRALIA (Dollar) 0.6745

AUSTRIA (Shilling) 12.7880

BELGIUM (Franc) 37.5000

BRAZIL (Real) 1.1305

CANADA (Dollar) 1.4222

CHINA (Yuan) 8.3100

DENMARK (Krone) 6.9300

*EUR. CUR. UNIT (ECU) 1.0890

FINLAND (Markka) 5.5155

FRANCE (Franc) 6.0880

GERMANY (Mark) 1.8151

GREECE (Drachma) 287.0200

HONG KONG (Dollar) 7.7430

INDIA (Rupee) 39.5400

*IRELAND (Pound) 1.3659

ISRAEL (Shekel) N.A.

ITALY (Lira) 1787.89

JAPAN (Yen) 126.790

MALAYSIA (Dollar) 3.8150

Country Rate

MEXICO (Peso) 8.5870

NETHERLANDS (Guilder) 2.0483

*NEW ZEALAND (Dollar) 0.5830

NORWAY (Krone) 7.5535

PHILIPPINES (Peso) N.A.

PORTUGAL (Escudo) 185.9500

SINGAPORE (Dollar) 1.6410

SOUTH AFRICA (Rand) 4.9310

SOUTH KOREA (Won) 1566.000

SPAIN (Peseta) 154.200

SRI LANKA (Rupee) 61.7500

SWEDEN (Krona) 7.9900

SWITZERLAND (franc) 1.4770

TAIWAN (Dollar) 32.0500

THAILAND (Baht) 44.7000

*UNITED KINGDOM (Pound) 1.6460

VENEZUELA (Bolivar) 519.0500

*These currencies are expressed in dollars per unit.