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, June 15, 1998

Mon. Fri.

*U.K. (Pound) 1.6313 1.6303

30 days 1.6288 1.6278

60 days 1.6260 1.6250

90 days 1.6234 1.6225

CANADA (Dollar) 1.4737 1.4668

30 days 1.4727 1.4658

60 days 1.4720 1.4650

90 days 1.4713 1.4643

NETHERLANDS

(Guilder) 2.0445 2.0363

30 days 2.0408 2.0326

60 days 2.0372 2.0288

90 days 2.0337 2.0255

SWITZERLAND (Franc) 1.5089 1.4973

30 days 1.5043 1.4923

60 days 1.4995 1.4876

90 days 1.4948 1.4831

GERMANY (Mark) 1.8133 1.8060

30 days 1.8101 1.8028

60 days 1.8068 1.7995

90 days 1.8038 1.7965

FRANCE (Franc) 6.0786 6.0553

30 days 6.0680 6.0447

60 days 6.0572 6.0335

90 days 6.0468 6.0235

JAPAN (Yen) 146.25 144.26

30 days 145.63 143.64

60 days 144.97 142.98

90 days 144.34 142.36

OTHER EUROPEAN

Mon. Fri.

AUSTRIA (Schilling) 12.7560 12.6935

BELGIUM (Franc) 37.405 37.215

DENMARK (Krone) 6.9055 6.8709

FINLAND (Markka) 5.5109 5.4816

GREECE (Drachma) 309.82 306.85

Mon. Fri.

ITALY (Lira) 1786.50 1777.75

NORWAY (Krone) 7.7053 7.6400

POLAND (Zloty) 3.7156 3.7156

PORTUGAL (Escudo) 185.66 184.69

SPAIN (Peseta) 153.83 153.04

SWEDEN (Krona) 8.0888 8.0028

ASIAN AND OTHER COUNTRIES

*AUSTRALIA (Dollar) 0.5890 0.5927

HONG KONG (Dollar) 7.7437 7.7495

INDIA (Rupee) 42.24 42.00

INDONESIAN (Rupiah) 14500 14100

ISRAEL (Shekel) 3.6545 3.6545

*KUWAIT (Dinar) 0.3061 0.3061

LEBANON (Pound) 1517.50 1517.50

MALAYSIA (Ringgit) 4.0870 4.0223

*N. ZEALAND (Dollar) 0.4942 0.5028

PAKISTAN (Rupee) 44.20 44.20

PHILIPPINES (Peso) 39.500 39.500

SAUDI ARABIA (Riyal) 3.7509 3.7504

SINGAPORE (Dollar) 1.7505 1.7460

S. AFRICA (Rand) 5.3875 5.3150

S. KOREA (Won) 1434 1398

*SPEC. DRAWING RIGHT 1.31877 1.32295

TAIWAN (Dollar) 34.416 34.416

THAILAND (Baht) 43.77 43.35

TURKEY (Lira) 263490 262650

LATIN AMERICA

ARGENTINA (Peso) 0.9996 0.9996

BRAZIL (Real) 1.1520 1.1520

CHILE (Peso) 455.70 455.70

COLOMBIA (Peso) 1381.00 1381.00

MEXICO (N Peso) 9.0350 9.0470

PERU (New Sol) 2.8890 2.8890

VENEZUELA (Bolivar) 539.00 539.00

GOLD

Price per oz. Mon. Fri.

Spot price 285.30 285.60

*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.

Monday, June 15, 1998

Country Rate

*AUSTRALIA (Dollar) 0.5894

AUSTRIA (Shilling) 12.7550

BELGIUM (Franc) 37.4170

BRAZIL (Real) 1.1544

CANADA (Dollar) 1.4740

CHINA (Yuan) 8.3100

DENMARK (Krone) 6.9060

*EUR. CUR. UNIT (ECU) 1.0878

FINLAND (Markka) 5.5170

FRANCE (Franc) 6.0840

GERMANY (Mark) 1.8142

GREECE (Drachma) 309.9400

HONG KONG (Dollar) 7.7442

INDIA (Rupee) 42.4000

*IRELAND (Pound) 1.3890

ISRAEL (Shekel) N.A.

ITALY (Lira) 1787.00

JAPAN (Yen) 146.420

MALAYSIA (Dollar) 4.0900

Country Rate

MEXICO (Peso) 9.0400

NETHERLANDS (Guilder) 2.0448

*NEW ZEALAND (Dollar) 0.4960

NORWAY (Krone) 7.7055

PHILIPPINES (Peso) N.A.

PORTUGAL (Escudo) 185.7600

SINGAPORE (Dollar) 1.7515

SOUTH AFRICA (Rand) 5.3920

SOUTH KOREA (Won) 1437.000

SPAIN (Peseta) 153.860

SRI LANKA (Rupee) 65.3500

SWEDEN (Krona) 8.1000

SWITZERLAND (franc) 1.5095

TAIWAN (Dollar) 34.9100

THAILAND (Baht) 43.7500

*UNITED KINGDOM (Pound) 1.6315

VENEZUELA (Bolivar) 543.5000

*These currencies are expressed in dollars per unit.