[Economic Report of the President (2003)] [Administration of George W. Bush] [Online through the Government Printing Office, www.gpo.gov] Table B-110.--Foreign exchange rates, 1982-2002 [Foreign currency units per U.S. dollar, except as noted; certified noon buying rates in New York] -------------------------------------------------------------------------------------------------------------------------------------------------------- Nether- Switzer- United Period Canada EMU Members Belgium France Germany Italy lands Japan Sweden land Kingdom (dollar) (euro) \1\ (franc) (franc) (mark) (lira) (guilder)\1\ (yen) (krona) (franc) (pound)\2\ -------------------------------------------\2\----------\1\---------\1\--------\1\--------\1\----------------------------------------------------------- March 1973................ 0.9967 ............ 39.408 4.5156 2.8132 568.17 2.8714 261.90 4.4294 3.2171 2.4724 ----------------------------------------------------------------------------------------------------------------------------- 1982...................... 1.2344 ............ 45.781 6.5794 2.4281 1354.00 2.6719 249.06 6.2839 2.0319 1.7480 1983...................... 1.2325 ............ 51.122 7.6204 2.5539 1519.32 2.8544 237.55 7.6718 2.1007 1.5159 1984...................... 1.2952 ............ 57.752 8.7356 2.8455 1756.11 3.2085 237.46 8.2708 2.3500 1.3368 1985...................... 1.3659 ............ 59.337 8.9800 2.9420 1908.88 3.3185 238.47 8.6032 2.4552 1.2974 1986...................... 1.3896 ............ 44.664 6.9257 2.1705 1491.16 2.4485 168.35 7.1273 1.7979 1.4677 1987...................... 1.3259 ............ 37.358 6.0122 1.7981 1297.03 2.0264 144.60 6.3469 1.4918 1.6398 1988...................... 1.2306 ............ 36.785 5.9595 1.7570 1302.39 1.9778 128.17 6.1370 1.4643 1.7813 1989...................... 1.1842 ............ 39.409 6.3802 1.8808 1372.28 2.1219 138.07 6.4559 1.6369 1.6382 1990...................... 1.1668 ............ 33.424 5.4467 1.6166 1198.27 1.8215 145.00 5.9231 1.3901 1.7841 1991...................... 1.1460 ............ 34.195 5.6468 1.6610 1241.28 1.8720 134.59 6.0521 1.4356 1.7674 1992...................... 1.2085 ............ 32.148 5.2935 1.5618 1232.17 1.7587 126.78 5.8258 1.4064 1.7663 1993...................... 1.2902 ............ 34.581 5.6669 1.6545 1573.41 1.8585 111.08 7.7956 1.4781 1.5016 1994...................... 1.3664 ............ 33.426 5.5459 1.6216 1611.49 1.8190 102.18 7.7161 1.3667 1.5319 1995...................... 1.3725 ............ 29.472 4.9864 1.4321 1629.45 1.6044 93.96 7.1406 1.1812 1.5785 1996...................... 1.3638 ............ 30.970 5.1158 1.5049 1542.76 1.6863 108.78 6.7082 1.2361 1.5607 1997...................... 1.3849 ............ 35.807 5.8393 1.7348 1703.81 1.9525 121.06 7.6446 1.4514 1.6376 1998...................... 1.4836 ............ 36.310 5.8995 1.7597 1736.85 1.9837 130.99 7.9522 1.4506 1.6573 1999...................... 1.4858 1.0653 .......... .......... ......... ......... ............ 113.73 8.2740 1.5045 1.6172 2000...................... 1.4855 .9232 .......... .......... ......... ......... ............ 107.80 9.1735 1.6904 1.5156 2001...................... 1.5487 .8952 .......... .......... ......... ......... ............ 121.57 10.3425 1.6891 1.4396 2002...................... 1.5704 .9454 .......... .......... ......... ......... ............ 125.22 9.7233 1.5567 1.5025 2001: I................... 1.5285 .9220 .......... .......... ......... ......... ............ 118.25 9.7698 1.6636 1.4581 II.................. 1.5411 .8736 .......... .......... ......... ......... ............ 122.62 10.4477 1.7505 1.4212 III................. 1.5449 .8908 .......... .......... ......... ......... ............ 121.63 10.5655 1.6930 1.4373 IV.................. 1.5806 .8951 .......... .......... ......... ......... ............ 123.74 10.5838 1.6473 1.4426 2002: I................... 1.5946 .8770 .......... .......... ......... ......... ............ 132.42 10.4428 1.6802 1.4261 II.................. 1.5552 .9186 .......... .......... ......... ......... ............ 126.92 9.9831 1.5960 1.4615 III................. 1.5633 .9842 .......... .......... ......... ......... ............ 119.27 9.3841 1.4872 1.5497 IV.................. 1.5696 1.0003 .......... .......... ......... ......... ............ 122.52 9.0974 1.4664 1.5714 ----------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------------------------------------- Trade-weighted value of the U.S. dollar ------------------------------------------------------------------------------------------------- Nominal Real \7\ ------------------------------------------------------------------------------------------------- Major Major G-10 index Broad index currencies OITP index Broad index currencies OITP index (March (January index (March (January (March index (March (March 1973=100)\3\ 1997=100)\4\ 1973=100)\5\ 1997=100)\6\ 1973=100)\4\ 1973=100)\5\ 1973=100)\6\ ---------------------------------------------------------------------------------------------------------------- 1982.......... --------116.6----------44.2---------114.2-----------5.3---------105.9---------109.0----------99.1 1983.......... 125.3 49.9 118.1 7.1 110.1 110.5 108.3 1984.......... 138.2 57.0 125.8 9.4 117.1 117.7 114.9 1985.......... 143.0 64.1 130.5 12.8 122.2 121.7 122.8 1986.......... 112.2 59.9 107.2 16.0 107.0 99.2 126.7 1987.......... 96.9 58.3 94.8 19.3 98.4 88.7 124.2 1988.......... 92.7 59.0 88.2 23.4 91.8 83.5 113.7 1989.......... 98.6 65.1 91.9 29.0 93.3 87.7 108.4 1990.......... 89.1 70.2 87.9 39.5 92.0 84.7 111.3 1991.......... 89.8 73.3 86.4 46.1 90.6 82.9 110.8 1992.......... 86.6 76.1 84.9 52.6 88.7 81.8 107.3 1993.......... 93.2 82.9 87.1 63.1 89.5 84.4 104.4 1994.......... 91.3 90.4 85.6 80.6 89.2 84.0 104.3 1995.......... 84.2 92.5 80.8 92.6 86.7 80.2 103.9 1996.......... 87.3 97.4 84.6 98.3 88.7 85.3 100.8 1997.......... 96.4 104.4 91.2 104.7 93.4 92.6 101.9 1998.......... 98.8 116.5 95.8 126.0 101.6 97.7 115.3 1999.......... ............ 116.9 94.1 129.9 100.8 97.1 114.3 2000.......... ............ 119.7 98.3 130.3 104.3 103.2 114.5 2001.......... ............ 126.1 104.3 136.3 110.4 110.7 119.2 2002.......... ............ 127.3 103.1 141.2 110.9 109.7 121.9 2001: I....... ............ 124.0 102.0 135.1 108.6 108.3 118.1 II...... ............ 126.7 105.4 136.1 111.2 111.8 119.6 III..... ............ 126.4 104.5 136.9 110.9 110.9 120.0 IV...... ............ 127.2 105.4 137.3 111.0 112.0 119.0 2002: I....... ............ 129.5 108.2 138.4 112.8 115.0 119.4 II...... ............ 127.4 104.3 139.8 111.3 110.8 121.1 III..... ............ 125.5 100.0 142.0 109.5 106.4 122.9 IV...... ............ 126.6 100.0 144.7 110.2 106.5 124.2 \1\ European Economic and Monetary Union members include Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, and beginning in 2001, Greece. \2\ U.S. dollars per foreign currency unit. \3\ G-10 comprises the individual countries shown in this table. Discontinued after December 1998. \4\ Weighted average of the foreign exchange value of the dollar against the currencies of a broad group of U.S. trading partners. \5\ Subset of the broad index. Includes currencies of the euro area, Australia, Canada, Japan, Sweden, Switzerland, and the United Kingdom. \6\ Subset of the broad index. Includes other important U.S. trading partners (OITP) whose currencies are not heavily traded outside their home markets. \7\ Adjusted for changes in the consumer price index. Source: Board of Governors of the Federal Reserve System.