[Economic Report of the President (1998)] [Administration of William J. Clinton] [Online through the Government Printing Office, www.gpo.gov] Table B-110.--Foreign exchange rates, 1972-97 [Currency units per U.S. dollar, except as noted] -------------------------------------------------------------------------------------------------------------------------------------------------------- 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 ------------------------------------------------------------------------------------------------------------ 1972....................................... 44.020 0.9907 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....................................... 30.970 1.3638 5.1158 1.5049 1542.76 108.78 1997....................................... 35.807 1.3849 5.8393 1.7348 1703.81 121.06 1996: I.................................... 30.206 1.3691 5.0379 1.4694 1572.47 105.83 II................................... 31.274 1.3647 5.1557 1.5215 1555.26 107.46 III.................................. 30.846 1.3705 5.0930 1.4973 1521.33 108.97 IV................................... 31.550 1.3508 5.1763 1.5312 1522.27 112.91 1997: I.................................... 34.190 1.3593 5.5926 1.6575 1637.48 121.16 II................................... 35.388 1.3864 5.7813 1.7148 1691.18 119.80 III.................................. 37.305 1.3850 6.0845 1.8065 1761.83 118.02 IV................................... 36.283 1.4087 5.8886 1.7577 1722.20 125.39 ------------------------------------------------------------------------------------------------------------ (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 ------------------------------------------------------------------------------------------------------------ 1972....................................... 3.2098 4.7571 3.8186 2.5034 109.1 ................. 1973....................................... 2.7946 4.3619 3.1688 2.4525 99.1 98.9 1974....................................... 2.6879 4.4387 2.9805 2.3403 101.4 99.4 1975....................................... 2.5293 4.1531 2.5839 2.2217 98.5 94.0 1976....................................... 2.6449 4.3580 2.5002 1.8048 105.7 97.6 1977....................................... 2.4548 4.4802 2.4065 1.7449 103.4 93.3 1978....................................... 2.1643 4.5207 1.7907 1.9184 92.4 84.4 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 103.4 101.0 1982....................................... 2.6719 6.2839 2.0327 1.7480 116.6 111.8 1983....................................... 2.8544 7.6718 2.1007 1.5159 125.3 117.4 1984....................................... 3.2085 8.2708 2.3500 1.3368 138.2 128.9 1985....................................... 3.3185 8.6032 2.4552 1.2974 143.0 132.4 1986....................................... 2.4485 7.1273 1.7979 1.4677 112.2 103.7 1987....................................... 2.0264 6.3469 1.4918 1.6398 96.9 90.9 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 86.4 1992....................................... 1.7587 5.8258 1.4064 1.7663 86.6 83.2 1993....................................... 1.8585 7.7956 1.4781 1.5016 93.2 89.6 1994....................................... 1.8190 7.7161 1.3667 1.5319 91.3 88.3 1995....................................... 1.6044 7.1406 1.1812 1.5785 84.2 82.1 1996....................................... 1.6863 6.7082 1.2361 1.5607 87.3 86.1 1997....................................... 1.9525 7.6446 1.4514 1.6376 96.4 95.6 1996: I.................................... 1.6451 6.7817 1.1914 1.5305 86.4 84.7 II................................... 1.7022 6.7327 1.2428 1.5237 88.0 86.5 III.................................. 1.6797 6.6341 1.2227 1.5539 87.1 86.0 IV................................... 1.7179 6.6858 1.2875 1.6359 87.9 87.1 1997: I.................................... 1.8630 7.3744 1.4357 1.6314 93.7 93.1 II................................... 1.9289 7.7099 1.4460 1.6354 95.7 94.8 III.................................. 2.0340 7.8318 1.4883 1.6254 98.6 97.6 IV................................... 1.9809 7.6499 1.4343 1.6587 97.5 96.6 -------------------------------------------------------------------------------------------------------------------------------------------------------- \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.