Quarterly currency focus

Article Abstract:

Foreign exchange statistics are presented for several currencies, including the US dollar, the Japanese yen, the deutsche mark (DM), the British pound sterling, the Spanish Peseta, the French franc, the Swiss franc, and the Canadian dollar. The US dollar reached an all-time low of DM1.455 on Feb 11, 1991, after which its value began to rise. The value of the yen fluctuated with other major currencies during winter 1990-1991. The DM diverged little from it central parity against the European currency unit during most of winter 1990-1991. Analyses of the Nigerian naira, Algerian dinar, and Mexican peso are also presented.

Statistics, Economic history, Foreign exchange market

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Dollar-drifting

Article Abstract:

A downward move was displayed by the dollar for the closing weeks of 1991. The dollar's drift toward weakness was a carry-over of a trend that started in July. The weakened state displayed by the dollar in the fourth quarter of 1991 is the greatest in 20 years. The exchange rate of the dollar, as based on its traded-weighted average, was at its lowest rate ever. The dollar's average, as contrasted to the special drawing rights currency package, was likewise at an all time low. However, bankers are confident that the downward drift of the dollar will result, if ever, in minimal effects to the foreign exchange market.

Dollar (United States)

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Canadian dollar - relief for exporters

Article Abstract:

The stability displayed by the Canadian dollar (C$) in previous quarters was finally shaken in the last quarter of 1991. The slump is illustrated in the drop in rates of the Canadian dollar to 86.2 US cents/C$ at year's end from a previous rate of 89.3 US cents/C$ in Nov 1, 1991. The rate levelled off to an average of 85 US cents/C$ in Jan 1992. The slump is attributed to interest rate differentials and the deterioration of Canadian fiscal policy. The government deficit is tagged at C$31.5 billion for the fiscal year till Mar 1992 from a previous figure of C$30.5 billion as a result of the slump.

Dollar (Canada)

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