[Economic Report of the President (1997)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]

[DOCID: f:erp_b108._]
Economic Report of the President - - - - - - - - - - - - H. Doc. 105-002
[From the online service of the U.S. Government Printing Office]
[wais.access.gpo.gov]



Table B-108.--Foreign exchange rates, 1970-96
[Currency units per U.S. dollar, except as noted]
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Period                    Belgium  (franc)  Canada  (dollar)   France  (franc)   Germany  (mark)    Italy  (lira)      Japan  (yen)
--------------------------------------------------------------------------------------------------------------------------------------------------------
March 1973.................................            39.408            0.9967            4.5156            2.8132            568.17             261.90
------------------------------------------------------------------------------------------------------------
1970.......................................            49.656            1.0444            5.5288            3.6465            627.12             358.16
1971.......................................            48.598            1.0099            5.5100            3.4830            618.34             347.79
1972.......................................            44.020             .9907            5.0444            3.1886            583.70             303.13
1973.......................................            38.955            1.0002            4.4535            2.6715            582.41             271.31
1974.......................................            38.959             .9780            4.8107            2.5868            650.81             291.84
1975.......................................            36.800            1.0175            4.2877            2.4614            653.10             296.78
1976.......................................            38.609             .9863            4.7825            2.5185            833.58             296.45
1977.......................................            35.849            1.0633            4.9161            2.3236            882.78             268.62
1978.......................................            31.495            1.1405            4.5091            2.0097            849.13             210.39
1979.......................................            29.342            1.1713            4.2567            1.8343            831.11             219.02

1980.......................................            29.238            1.1693            4.2251            1.8175            856.21             226.63
1981.......................................            37.195            1.1990            5.4397            2.2632           1138.58             220.63
1982.......................................            45.781            1.2344            6.5794            2.4281           1354.00             249.06
1983.......................................            51.123            1.2325            7.6204            2.5539           1519.32             237.55
1984.......................................            57.752            1.2952            8.7356            2.8455           1756.11             237.46
1985.......................................            59.337            1.3659            8.9800            2.9420           1908.88             238.47
1986.......................................            44.664            1.3896            6.9257            2.1705           1491.16             168.35
1987.......................................            37.358            1.3259            6.0122            1.7981           1297.03             144.60
1988.......................................            36.785            1.2306            5.9595            1.7570           1302.39             128.17
1989.......................................            39.409            1.1842            6.3802            1.8808           1372.28             138.07

1990.......................................            33.424            1.1668            5.4467            1.6166           1198.27             145.00
1991.......................................            34.195            1.1460            5.6468            1.6610           1241.28             134.59
1992.......................................            32.148            1.2085            5.2935            1.5618           1232.17             126.78
1993.......................................            34.581            1.2902            5.6669            1.6545           1573.41             111.08
1994.......................................            33.426            1.3664            5.5459            1.6216           1611.49             102.18
1995.......................................            29.472            1.3725            4.9864            1.4321           1629.45              93.96
1996.......................................            30.968            1.3638            5.1158            1.5049           1542.76             108.78

1995:I.....................................            30.418            1.4073            5.1539            1.4756           1643.04              95.87
II.....................................            28.749            1.3714            4.9202            1.3978           1666.46              84.50
III....................................            29.461            1.3557            4.9474            1.4321           1609.96              94.25
IV.....................................            29.286            1.3560            4.9269            1.4238           1597.47             101.54

1996:I.....................................            30.206            1.3691            5.0379            1.4694           1572.47             105.83
II.....................................            31.274            1.3647            5.1557            1.5216           1555.26             107.46
III....................................            30.845            1.3705            5.0930            1.4973           1521.33             108.97
IV.....................................            31.540            1.3508            5.1763            1.5312           1522.27             112.91


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(1)Multilateral trade-weighted value of
Netherlands         Sweden          Switzerland     United Kingdom
(1)the U.S. dollar (March 1973=100)
------------------------------------
(guilder)          (krona)           (franc)         (pound)\1\
Nominal           Real\2\
------------------------------------------------------------------------------------------------------------
March 1973.................................            2.8714            4.4294            3.2171            2.4724             100.0              100.0
------------------------------------------------------------------------------------------------------------
1970.......................................            3.6166            5.1862            4.3106            2.3959             121.1  .................
1971.......................................            3.4953            5.1051            4.1171            2.4442             117.8  .................
1972.......................................            3.2098            4.7571            3.8186            2.5034             109.1  .................
1973.......................................            2.7946            4.3619            3.1688            2.4525              99.1               98.8
1974.......................................            2.6879            4.4387            2.9805            2.3403             101.4               99.3
1975.......................................            2.5293            4.1531            2.5839            2.2217              98.5               94.0
1976.......................................            2.6449            4.3580            2.5002            1.8048             105.7               97.5
1977.......................................            2.4548            4.4802            2.4065            1.7449             103.4               93.3
1978.......................................            2.1643            4.5207            1.7907            1.9184              92.4               84.3
1979.......................................            2.0073            4.2893            1.6644            2.1224              88.1               83.2

1980.......................................            1.9875            4.2310            1.6772            2.3246              87.4               84.9
1981.......................................            2.4999            5.0660            1.9675            2.0243             103.4              100.9
1982.......................................            2.6719            6.2839            2.0327            1.7480             116.6              111.7
1983.......................................            2.8544            7.6718            2.1007            1.5159             125.3              117.3
1984.......................................            3.2085            8.2708            2.3500            1.3368             138.2              128.8
1985.......................................            3.3185            8.6032            2.4552            1.2974             143.0              132.4
1986.......................................            2.4485            7.1273            1.7979            1.4677             112.2              103.6
1987.......................................            2.0264            6.3469            1.4918            1.6398              96.9               90.8
1988.......................................            1.9778            6.1370            1.4643            1.7813              92.7               88.2
1989.......................................            2.1219            6.4559            1.6369            1.6382              98.6               94.4

1990.......................................            1.8215            5.9231            1.3901            1.7841              89.1               86.0
1991.......................................            1.8720            6.0521            1.4356            1.7674              89.8               86.5
1992.......................................            1.7587            5.8258            1.4064            1.7663              86.6               83.4
1993.......................................            1.8585            7.7956            1.4781            1.5016              93.2               90.0
1994.......................................            1.8190            7.7161            1.3667            1.5319              91.3               88.7
1995.......................................            1.6044            7.1406            1.1812            1.5785              84.2               82.5
1996.......................................            1.6863            6.7082            1.2361            1.5607              87.3               86.2

1995:I.....................................            1.6548            7.3774            1.2389            1.5833              86.3               84.4
II.....................................            1.5651            7.3040            1.1560            1.5962              82.3               80.4
III....................................            1.6043            7.1815            1.1803            1.5733              84.1               82.3
IV.....................................            1.5947            6.6936            1.1505            1.5606              84.4               82.9

1996:I.....................................            1.6451            6.7817            1.1914            1.5305              86.4               84.8
II.....................................            1.7022            6.7327            1.2428            1.5237              88.0               86.6
III....................................            1.6797            6.6341            1.2227            1.5539              87.1               86.1
IV.....................................            1.7179            6.6858            1.2875            1.6359              87.9               87.3
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\1\Value is U.S. dollars per pound.
\2\Adjusted by changes in consumer prices.

Note.--Certified noon buying rates in New York.

Source: Board of Governors of the Federal Reserve System.