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FEDERAL

RESERVE
r e l e a s e

G. 5

February 1, 1971

FOREIGN EXCHANGE RATES - JANUARY 1971
The table below shows the average rates of exchange of twenty-five currencies in
January 1971 with comparable figures for other months. Averages are based on
daily noon buying rates for cable transfers in New York City certified for customs
purposes by the Federal Reserve Bank of New York.
(Rates in U.S. cents per unit of foreign currency)

Country
Argentina 1/
Australia
Austria
Belgium
Canada 2/
Ceylon
Denmark
Finland
France
Germany
India
Ireland
Italy
Japan
Malaysia
Mexico
Netherlands
New Zealand
Norway
Portugal
South Africa
Spain
Sweden
Switzerland
United Kingdom

1/
£/

Monetary
unit
Peso
Dollar
Schilling
Franc
Dollar
Rupee
Krone
Markka
Franc
D. Mark
Rupee
Pound
Lira
Yen
Dollar
Peso
Guilder
Dollar
Krone
Escudo
Rand
Peseta
Krona
Franc
Pound

1971---January
24.8289
111.8222
3.86648
2.01447
98.8310
16.7916
13.3607
23.7225
18.1187
27.4956
13.2694
240.5750
.160448
.279316
32.5154
8.00560
27.8195
111.9368
14.0034
3.50000
139.8111
1.42898
19.3653
23.2274
240.5750

1970
December

November

24.8357
111.1160
3.86813
2.01374
98.2764
16.7916
13.3540
23.7225
18.1068
27.4371
13.2286
239.0559
.160392
.279592
32.3815
8.00560
27.7627
111.2300
14.0211
3.49193
138.9280
1.42899
19.3398
23.1872
239.0559

24.8635
111.1051
3.86761
2.01473
98.0139
16.7916
13.3362
23.7225
18.1197
27.5442
13.2312
239.0317
.160636
.279560
32.4016
8.00560
27.7926
111.2184
13.9956
3.49240
138.9141
1.42903
19.3244
23.1554
239.0317

---- v m —
January
28.4869
111.5752
3.8649
2.0124
93.1988
16.7716
13.3393
23. 7475
18.0053
27.1257
13.2389
240.0443
.1589
.2794
32.4377
8.0056
27.5219
111.6897
13.9830
3.5096
139.5024
1.4247
19.3553
23.1764
240.0443

Effective June 18, 1970, Argentina devalued the Peso from 3.50 to 4.00 pesos
per U.S. dollar.
Effective June 1, 1970, Canada will not maintain the exchange rate of the
Canadian dollar within the present margins.




DRURY COllEGE USRAtyf
SPRINGFIELD, MISSOURI 65802