Exchange rate statistics. Statistical Supplement to the Monthly Report 5 JULY 2010 SEPTEMBER OCTOBER NOVEMBER AUGUST

Transcription

1 Exchange rate statistics JULY 2010 AUGUST SEPTEMBER OCTOBER NOVEMBER Statistical Supplement to the Monthly Report 5

2 EUROSYSTEM Deutsche Bundesbank Wilhelm-Epstein-Straße Frankfurt am Main Germany Postal address Postfach Frankfurt am Main Germany Tel or Fax or 3077 Telex within Germany from abroad Reproduction permitted only if source is stated. The German-language version of the Statistical Supplement is published quarterly in printed form. The Deutsche Bundesbank also publishes an updated monthly edition in German and in English on its website. In cases of doubt, the original German-language version is the sole authoritative text. Cut of date: 12. The Statistical Supplement Exchange Rate Statistics is published by the Deutsche Bundesbank, Frankfurt am Main, by virtue of section 18 of the Bundesbank Act. It is available to interested parties free of charge. Further statistical data, supplementing the Monthly Report, are to be found in the following supplements. Banking statistics Capital market statistics Balance of payments statistics Seasonally adjusted business statistics monthly monthly monthly monthly Selected updated statistics are also available on the website. For a small fee to cover costs, a file which is updated monthly and contains approximately 40,000 time series published by the Bundesbank can also be obtained on magnetic tape cassette or CD-ROM from the Division for Statistical Information Systems and Mathematical Methods.

3 Contents I Euro area and exchange rate stability convergence criterion The contents of this supplement focus on the period after the introduction of the euro. The reported time series therefore largely begin in In addition to the European Central Bank s euro reference exchange rates, euro and US dollar exchange rates from some 190 countries are published each month. The value of the special drawing right is also provided in selected currencies. Additional historical exchange rates are available on the Bundesbank s website or can be requested from the Bundesbank. This supplement also contains information on the euro s external value and the German economy s price competitiveness. Furthermore, the overview of global exchange rate arrangements and monetary policy framework, taken from the International Monetary Fund, provides an insight into the currency regimes of a number of countries. 1 Euro member countries and irrevocable euro conversion rates in the third stage of European economic and monetary union 7 2 Central rates and intervention rates in Exchange Rate Mechanism II 7 II Euro reference exchange rates of the European Central Bank 1 Daily rates 8 2 Monthly averages 12 3 End of year 15 4 Annual averages 16 5 Exchange rates of major currencies (chart) 17 III Effective exchange rates of the euro 1 Annual and monthly averages 18 2 Nominal and real effective exchange rates based on consumer price indices (chart) 19 IV Overview of the world s currencies 1 Currencies and exchange rates in individual countries 20 2 Currencies in selected territories and states in which the currency of another country is legal tender 43

4 EUROSYSTEM V Value of the special drawing right Explanatory notes 1 End of year 44 2 End of month 44 3 Daily rates 45 Euro reference exchange rates of the European Central Bank 59 Effective exchange rates of the euro 59 VI Global exchange rate arrange- ments and monetary policy framework 46 Indicators of the German economy s price competitiveness 61 Overview of the world s currencies 61 VII ISO currency codes 48 Value of the special drawing right 61 Global exchange rate arrangements and monetary policy framework 62 Excerpts from official notifications and announcements on the euro and Exchange Rate Mechanism II 51 Explanatory notes on individual countries 65

5 Abbreviations and symbols CU Currency unit(s) EC European Community ECB European Central Bank ECU European Currency Unit EER Effective exchange rate EMU European monetary union ERM Exchange Rate Mechanism EU European Union IMF International Monetary Fund ISO International Organization for Standardization SDR Special drawing right SITC Standard International Trade Classification SWIFT Society for Worldwide Interbank Financial Telecommunication B M S V Buying rate Middle rate Selling rate Calculated value e Estimated p Provisional r Revised. Data unknown, not to be published or not meaningful Nil

6 EUROSYSTEM 6

7 I Euro area and exchange rate stability convergence criterion 1 Euro member countries and irrevocable euro conversion rates in the third stage of European economic and monetary union * From Country Currency ISO currency code EUR 1 = CU January 1 Austria Austrian schilling ATS Belgium Belgian franc BEF Finland Finnish markka FIM France French franc FRF Germany Deutsche Mark DEM Ireland Irish pound IEP Italy Italian lira ITL 1, Luxembourg Luxembourg franc LUF Netherlands Dutch guilder NLG Portugal Portuguese escudo PTE Spain Spanish peseta ESP January 1 Greece Greek drachma GRD January 1 Slovenia Slovenian tolar SIT January 1 Cyprus Cyprus pound CYP Malta Maltese lira MTL January 1 Slovakia Slovak koruna SKK * Excerpts from official communications and announcements on the euro and Exchange Rate Mechanism II, see pp Central rates and intervention rates in Exchange Rate Mechanism II * EUR 1 = CU... Country Currency From... ISO currency code Type of rate 1 Jan Jan June May Nov Mar May 2008 Denmark Upper rate Danish krone Central rate DKK Lower rate Greece Upper rate Greek drachma Central rate GRD Lower rate Estonia Upper rate Estonian kroon Central rate EEK Lower rate Lithuania Upper rate Lithuanian litas Central rate LTL Lower rate Slovenia Upper rate Slovenian tolar Central rate SIT Lower rate Cyprus Upper rate Cyprus pound Central rate CYP Lower rate Latvia Upper rate Latvian lats Central rate LVL Lower rate Malta Upper rate Maltese lira Central rate MTL Lower rate Slovakia Upper rate Slovak koruna Central rate SKK Lower rate Source: ECB. * One prerequisite before an EU member state can join the commitments regarding narrower fluctuation bands, see pp Eurosystem is that its currency must have observed the normal fluctuation 1 Until 31 December 2000; accession to EMU on 1 January Until margins of the Exchange Rate Mechanism II for at least two years without 31 December 2006; accession to EMU on 1 January Until devaluing against the euro. The Danish krone has a fluctuation band of + 31 December 2007; accession to EMU on 1 January Until 2.25% on either side of the central rate, while the other currencies are 31 December 2008; accession to EMU on 1 January subject to the standard fluctuation band of + 15%. For additional unilateral 7

8 E U R O S Y S T E M II Euro reference exchange rates of the European Central Bank * 1 Daily rates EUR 1 = CU... EU member countries Bulgaria Czech Republic Denmark Estonia Hungary Latvia Lithuania Poland Romania Hungarian Bulgarian lev Czech koruna Danish krone Estonian kroon forint Latvian lats Lithuanian litas Polish zloty Romanian leu Period BGN CZK DKK EEK HUF LVL LTL PLN RON 2010 Apr May June July * See Explanatory notes, p As from 4 December 2008 the ECB does not fix a euro reference exchange rate for the Icelandic krona. 8

9 II Euro reference exchange rates of the European Central Bank * Other European and non-european countries Sweden United Australia Brazil Canada China Croatia Hong Kong Iceland Kingdom Swedish Australian Chinese yuan Hong Kong krona Pound sterling dollar Brazilian real Canadian dollar renminbi Croatian kuna dollar Icelandic krona SEK GBP AUD BRL CAD CNY HRK HKD ISK 1 Period Apr May June July

10 E U R O S Y S T E M II Euro reference exchange rates of the European Central Bank * 1 Daily rates (cont d) EUR 1 = CU... Other European and non-european countries (cont d) India Indonesia Japan Korea, Republic of Malaysia Mexico New Zealand Norway New Zealand Indian rupee Indonesian rupiah Japanese yen South Korean won Malaysian ringgit Mexican peso dollar Norwegian krone Period INR IDR JPY KRW MYR MXN NZD NOK 2010 Apr , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , May , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , June , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , July , , , , , , , , , , , , , , , , * See Explanatory notes, p

11 II Euro reference exchange rates of the European Central Bank * Philippines Russian Singapore South Africa Switzerland Thailand Turkey United States Federation South African Philippine peso Russian rouble Singapore dollar rand Swiss franc Thai baht Turkish lira US dollar PHP RUB SGD ZAR CHF THB TRY USD Period Apr May June July

12 E U R O S Y S T E M II Euro reference exchange rates of the European Central Bank * 2 Monthly averages + EUR 1 = CU... EU member countries Other Euro- Bulgaria Czech Denmark Estonia Hungary Latvia Lithuania Poland Romania Sweden United Australia Republic Kingdom Bulgarian Czech Danish Estonian Hungarian Latvian Lithuanian Romanian Swedish Pound Australian lev koruna krone kroon forint lats litas Polish zloty leu krona sterling dollar Period BGN CZK DKK EEK HUF LVL LTL PLN RON SEK GBP AUD 2005 July Aug Sep Oct Nov Dec Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar Apr May June * See Explanatory notes, p Averages: Bundesbank calculations based December 2007, ECB indicative rates. 2 As from 4 December 2008 the ECB on the daily euro reference exchange rates published by the ECB. 1 Up to does not fix a euro reference exchange rate for the Icelandic krona. 12

13 II Euro reference exchange rates of the European Central Bank * pean and non-european countries Brazil Canada China Croatia Hong Kong Iceland India Indonesia Japan Korea, Malaysia Republic of Chinese Brazilian Canadian yuan Croatian Hong Kong Icelandic Indian Indonesian Japanese South Malaysian real dollar renminbi kuna dollar krona rupee rupiah yen Korean won ringgit BRL 1 CAD CNY HRK HKD ISK 2 INR 3 IDR JPY KRW MYR Period , , July , , Aug , , Sep , , Oct , , Nov , , Dec , , Jan , , Feb , , Mar , , Apr , , May , , June , , July , , Aug , , Sep , , Oct , , Nov , , Dec , , Jan , , Feb , , Mar , , Apr , , May , , June , , July , , Aug , , Sep , , Oct , , Nov , , Dec , , Jan , , Feb , , Mar , , Apr , , May , , June , , July , , Aug , , Sep , , Oct , , Nov , , Dec , , Jan , , Feb , , Mar , , Apr , , May , , June , , July , , Aug , , Sep , , Oct , , Nov , , Dec , , Jan , , Feb , , Mar , , Apr , , May , , June 3 Up to December 2008, ECB indicative rates. 13

14 E U R O S Y S T E M II Euro reference exchange rates of the European Central Bank * 2 Monthly averages + (cont d) EUR 1 = CU... Other European and non-european countries (cont d) Mexico New Zealand Norway Philippines Russian Singapore South Africa Switzerland Thailand Turkey United Federation States South Mexican New Zealand Norwegian Philippine Russian Singapore African Turkish peso dollar krone peso rouble dollar rand Swiss franc Thai baht lira 2 US dollar Period MXN 1 NZD NOK PHP RUB SGD ZAR CHF THB TRY USD 2005 July Aug Sep Oct Nov Dec Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar Apr May June * See Explanatory notes, p Averages: Bundesbank calculations based on the daily euro reference exchange rates published by the ECB. 1 Up to December 2007, ECB indicative rates. 2 Up to end-2008, New Turkish lira. 14

15 II Euro reference exchange rates of the European Central Bank * 3 End of year EUR 1 = CU... EU member countries Bulgaria Cyprus Czech Republic Denmark Estonia Greece Hungary Latvia Lithuania Malta Estonian Greek Hungarian Lithuanian Bulgarian lev Cyprus pound Czech koruna Danish krone kroon drachma forint Latvian lats litas Maltese lira Period BGN CYP 1 CZK DKK EEK GRD 1 HUF LVL 2 LTL 2 MTL EU member countries (cont d) Other European and non-european countries Poland Romania Slovenia Slovakia Sweden United Australia Brazil Canada China Kingdom Romanian Slovenian Slovak Swedish Pound Australian Canadian Chinese Polish zloty Leu (old)/(new) tolar koruna krona sterling dollar Brazilian real dollar yuan renminbi PLN ROL/RON 2 3 SIT 1 SKK 1 2 SEK GBP AUD BRL 4 CAD CNY , , , , , , Other European and non-european countries (cont d) Croatia Hong Kong Iceland India Indonesia Japan Korea, Malaysia Mexico New Zealand Republic of Hong Kong Icelandic Indonesian South Malaysian Mexican New Zealand Croatian kuna dollar krona Indian rupee rupiah Japanese yen Korean won ringgit peso dollar HRK 5 HKD 2 ISK 2 6 INR 7 IDR 5 JPY KRW 2 MYR 5 MXN 4 NZD , , , , , , , , , , , , , , , , , , , , , , Other European and non-european countries (cont d) Norway Philippines Russian Singapore South Africa Switzerland Thailand Turkey United States Federation Norwegian Philippine Singapore South African Turkish lira / krone peso Russian rouble dollar rand Swiss franc Thai baht New Turkish lira US dollar NOK PHP 5 RUB 5 SGD 2 ZAR 2 CHF THB 5 TRL / TRY 2 8 USD , , ,269, ,738, ,771, ,836, * See Explanatory notes, p Accession to the euro area, see p7(table exchange rate for the Icelandic krona. 7 Up to December 2008, ECB I 1). 2 Up to September 2000, ECB indicative rates. 3 Currency indicative rates. 8 Currency conversion effective from 1 January 2005: conversion effective from 1 July 2005: ROL 10,000 = RON 1. 4 Up to 1,000,000 Turkish lira (TRL) = 1 New Turkish lira (TRY), designated as Turkish December 2007, ECB indicative rates. 5 Up to March 2005, ECB indicative lira (TRY) since 1 January rates. 6 As from 4 December 2008 the ECB does not fix a euro reference 15