ANNEX 1

TABLE F-1 ? MARKET EXCHANGE RATES

(Local Currency per US dollar)

Country

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996p

Argentina2

-

-

-

0.5

1.0

1.0

1.0

1.0

1.0

1.0

Bahamas

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

Barbados

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

Belize

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

2.0

Bolivia

2.1

2.4

2.7

3.2

3.6

3.9

4.3

4.6

4.8

5.1

Brazil2

-

-

-

-

-

-

-

0.6

0.9

1.0

Chile

329.5

245.0

267.2

305.1

349.4

362.6

404.3

420.1

396.8

412.3

Colombia

242.6

299.2

382.6

502.3

633.1

759.3

863.1

844.8

912.8

1036.7

Costa Rica

62.8

75.8

81.5

91.6

122.4

134.5

142.2

157.1

179.7

207.7

Dominican Republic

3.8

6.1

6.3

8.5

12.7

12.8

12.7

13.2

13.6

13.8

Ecuador

170.5

301.6

526.4

767.8

1046.3

1534.0

1919.1

2196.7

2564.5

3189.5

El Salvador

5.0

5.0

5.0

6.8

8.0

8.4

8.7

8.7

8.8

8.8

Guatemala

2.5

2.6

2.8

4.5

5.0

5.2

5.6

5.8

5.8

6.0

Guyana

9.8

10.0

27.2

39.5

111.8

125.0

126.7

138.3

142.0

140.4

Haiti4

5.6

6.0

6.6

7.5

7.7

9.1

12.4

14.7

14.5

16.9

Honduras

2.0

2.0

2.0

4.1

5.3

5.5

6.5

8.4

9.5

11.7

Jamaica

5.5

5.5

5.7

7.2

12.1

23.0

24.9

33.1

35.1

37.1

Mexico

1.4

2.3

2.5

2.8

3.0

3.1

3.1

3.4

6.4

7.6

Nicaragua2

--

--

--

0.1

4.3

5.0

5.6

6.7

7.5

8.4

Panama

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

1.0

Paraguay

550.0

550.0

1056.2

1229.8

1325.2

1500.3

1744.4

1911.5

1970.4

2062.8

Peru2

--

--

--

0.2

0.8

1.2

2.0

2.2

2.3

2.5

Suriname5

8.6

6.6

7.8

9.8

10.2

14.8

48.9

195.3

452.0

403.7

Trinidad and Tobago

3.6

3.8

4.3

4.3

4.3

4.3

5.4

5.9

5.9

6.0

Uruguay

0.2

0.4

0.6

1.2

2.0

3.0

3.9

5.1

6.3

8.0

Venezuela

14.5

14.5

34.7

46.9

56.8

68.4

90.8

148.5

176.8

417.3

Source: International Monetary Fund, International Financial Statistics, various issues.

  1. Period average
  2. (-) Indicates that the exchange rate is less than half of a significant digit, given the magnitude of the depreciations experienced.
  3. Refers to annual average until 1990; representative market rate from 1991.
  4. Reference rate for 1987-1996.
  5. Average exchange rate taking into account parallel rate.