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, March 30, 1998

Mon. Fri.

*U.K. (Pound) 1.6784 1.6825

30 days 1.6759 1.6800

60 days 1.6732 1.6775

90 days 1.6708 1.6749

CANADA (Dollar) 1.4219 1.4146

30 days 1.4207 1.4134

60 days 1.4198 1.4124

90 days 1.4187 1.4114

NETHERLANDS

(Guilder) 2.0789 2.0585

30 days 2.0750 2.0547

60 days 2.0710 2.0509

90 days 2.0674 2.0470

SWITZERLAND (Franc) 1.5188 1.4962

30 days 1.5135 1.4908

60 days 1.5079 1.4857

90 days 1.5029 1.4802

GERMANY (Mark) 1.8443 1.8261

30 days 1.8408 1.8229

60 days 1.8378 1.8199

90 days 1.8347 1.8165

FRANCE (Franc) 6.1865 6.1165

30 days 6.1745 6.1055

60 days 6.1642 6.0953

90 days 6.1544 6.0844

JAPAN (Yen) 132.08 130.05

30 days 131.53 129.52

60 days 130.95 129.00

90 days 130.40 128.42

OTHER EUROPEAN

Mon. Fri.

AUSTRIA (Schilling) 12.9765 12.8465

BELGIUM (Franc) 38.085 37.655

DENMARK (Krone) 7.0305 6.9607

FINLAND (Markka) 5.5958 5.5403

GREECE (Drachma) 318.13 316.70

Mon. Fri.

ITALY (Lira) 1818.70 1800.15

NORWAY (Krone) 7.5795 7.5140

POLAND (Zloty) 3.4300 3.4300

PORTUGAL (Escudo) 188.90 187.01

SPAIN (Peseta) 156.54 154.93

SWEDEN (Krona) 7.9323 7.8735

ASIAN AND OTHER COUNTRIES

*AUSTRALIA (Dollar) 0.6637 0.6738

HONG KONG (Dollar) 7.7467 7.7462

INDIA (Rupee) 39.500 39.500

INDONESIAN (Rupiah) 8625 8500

ISRAEL (Shekel) 3.5673 3.5673

*KUWAIT (Dinar) 0.3052 0.3052

LEBANON (Pound) 1521.50 1521.50

MALAYSIA (Ringgit) 3.6345 3.5645

*N. ZEALAND (Dollar) 0.5536 0.5615

PAKISTAN (Rupee) 44.10 44.10

PHILIPPINES (Peso) 37.700 37.700

SAUDI ARABIA (Riyal) 3.7503 3.7505

SINGAPORE (Dollar) 1.6065 1.5875

S. AFRICA (Rand) 5.0175 4.9740

S. KOREA (Won) 1384 1379

*SPEC. DRAWING RIGHT 1.34004 1.34731

TAIWAN (Dollar) 33.256 33.256

THAILAND (Baht) 38.18 37.60

TURKEY (Lira) 240130 240130

LATIN AMERICA

ARGENTINA (Peso) 0.9990 0.9996

BRAZIL (Real) 1.1356 1.1356

CHILE (Peso) 452.10 452.10

COLOMBIA (Peso) 1365.80 1365.80

MEXICO (N Peso) 8.5000 8.4890

PERU (New Sol) 2.8150 2.8150

VENEZUELA (Bolivar) 521.30 521.30

GOLD

Price per oz. Mon. Fri.

Spot price 301.60 303.80

*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, March 30, 1998

Country Rate

*AUSTRALIA (Dollar) 0.6631

AUSTRIA (Shilling) 12.9950

BELGIUM (Franc) 38.1000

BRAZIL (Real) 1.1357

CANADA (Dollar) 1.4225

CHINA (Yuan) 8.3100

DENMARK (Krone) 7.0400

*EUR. CUR. UNIT (ECU) 1.0765

FINLAND (Markka) 5.6040

FRANCE (Franc) 6.1850

GERMANY (Mark) 1.8466

GREECE (Drachma) 319.5000

HONG KONG (Dollar) 7.7475

INDIA (Rupee) 39.5500

*IRELAND (Pound) 1.3600

ISRAEL (Shekel) N.A.

ITALY (Lira) 1820.60

JAPAN (Yen) 132.160

MALAYSIA (Dollar) 3.6400

Country Rate

MEXICO (Peso) 8.5360

NETHERLANDS (Guilder) 2.0803

*NEW ZEALAND (Dollar) 0.5536

NORWAY (Krone) 7.5880

PHILIPPINES (Peso) N.A.

PORTUGAL (Escudo) 189.2000

SINGAPORE (Dollar) 1.6070

SOUTH AFRICA (Rand) 5.0200

SOUTH KOREA (Won) 1385.000

SPAIN (Peseta) 156.710

SRI LANKA (Rupee) 62.3000

SWEDEN (Krona) 7.9310

SWITZERLAND (franc) 1.5210

TAIWAN (Dollar) 32.7500

THAILAND (Baht) 38.6000

*UNITED KINGDOM (Pound) 1.6775

VENEZUELA (Bolivar) 524.5000

*These currencies are expressed in dollars per unit.