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OF T

RESERVE
November 2, 1970

G .5

FOREIGN EXCHANGE RATES - October 1970
The table below shows the average rates of exchange of twenty-five currencies in
October 1970 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)

1970
Monetary
September
October
unit
Peso
24.8888
24.8739
Argentina!/
110.8711
Dollar
110.9691
Australia
3.8684
3.86980
Schilling
Austria
2.0146
2.0145
Franc
Belgium
98.4219
Dollar
97.8905
Canada^/
16.7700
16.7751
Rupee
Ceylon
13.3310
13.3314
Krone
Denmark
23.7475
23.7356
Markka
F inland
18.1119
18.1041
Franc
France
27.5370
27.5313
D. Mark
Germany
13.2110
13.2168
Rupee
India
238.5281
238.7391
Pound
Ireland
.1600
Lira
.1605
Italy
.2793
.2795
Yen
Japan
32.3139
Dollar
32.3953
Malaysia
8.0056
8.0056
Peso
Mexico
27.7812
27.7853
Guilder
Netherlands
110.9845
Dollar
111.0827
New Zealand
13.9942
13.9933
Krone
Norway
3.4886
Escudo
3.4893
Portugal
138.6216
Rand
138.7441
South Africa
1.4290
1.4287
Peseta
Spain
19.2252
19.2816
Krona
Sweden
23.2189
23.0903
Franc
Switzerland
238.5281
238.7390
Pound
United Kingdom
1/ Effective June 18, 1970, Argentina devalued the Peso from
pesos per U.S. dollar.
Country

1969
Or.tohpr__
August__
.2849
24.9364
111.0998
110.9919
3.8644
3.8638
2.0023
2.0145
92.7623
97.8900
16.7837
16.7700
13.2968
13.3287
23.7731
23.7475
17.9071
18.1094
27.5372
26.8007
13.2166
13.2123
238.7729
239.0209
.1592
.1593
.2791
.2791
32.6593
32.2871
8.0056
8.0056
27.8045
27.7753
111.2193
111.0985
13.9861
13.9975
3.5038
3.4898
138.9077
138.7644
1.4262
1.4290
19.3645
19.3055
23.2286
23.2474
239.0209
238.7729
3.50 to 4.00

2/ Effective June 1, 1970, Canada will not maintain the exchange rate of the
Canadian dollar within the present margins.




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