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FEDERAL

RESERVE

statistical

r e l e a s e

JUN 7

DRUSV COLLEGE LIBRARY
Sorin^fieid, Missouri

June 1, 1971

FOREIGN EXCHANGE RATES - MAY 1971
The table below shows the average rates of exchange of twenty-five currencies in
May 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 purĀ­
poses by the Federal Reserve Bank of New York.
(Rates in U.S. cents per unit of foreign currency)

Country
Argentina 1/
Australia
Austria 2/
Belgium
Canada 3/
Ceylon
Denmark
Finland
France
Germany 4/
India
Ireland
Italy
Japan
Malaysia
Mexico
Netherlands 4/
New Zealand
Norway
Portugal
South Africa
Spain
Sweden
Switzerland 2/
United Kingdom
1/
2/
~
3/
4/

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
April

May
24.1564
112.4250
3.96760
2.01641
99.1375
16.7916
13.3337
23.7350
18.0938
28.1436
13.3297
241.8715
.160586
.279789
32.6419
8.00560
28.1354
112.5396
13.5557
3.50133
140.5645
1.42906
19.3573
24.2527
241.8715

March

24.6734
112.3849
3.86964
2.01437
99.2368
16.7916
13.3534
23.7270
18.1259
27.5158
13.3151
241.7414
.160700
.279718
32.6041
8.00560
27.7758
112.5000
14.0278
3.49987
140.5144
1.42912
19.3685
23.2630
241.7868

24.8353
112.4249
3.86696
2.01452
99.3670
16.7916
13.3676
23.7225
18.1292
27.5382
13.3035
241.8709
.160629
.279705
32.6163
8.00560
27.8157
112.5399
14.0102
3.50188
140.5640
1.42898
19.3693
23.2543
241.8709

1970
May
28.4999
111.7259
3.8614
2.0140
93.1950
16.7700
13.3238
23.7475
18.1084
27.5229
13.2398
240.3671
.1590
.2786
32.4485
8.0056
27.5649
111.8396
13.9873
3.5033
139.6906
1.4280
19.2330
23.1985
240.3671

May 4, 1971 -- Argentine peso devalued (4.12 to U.S. $1).
May 9, 1971 -- Austrian schilling revalued; new par = 4.04040 U.S. cents.
May 10, 19 71 -- Swiss franc revalued; new par = 24.485 U. S. cents.
Canada -- "floating" rate from June 1, 1970.
German mark and Netherlands guilder have been "floated" on May 10, 1971.




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