Board of Governors of the Federal Reserve System

Dollar Exchange Rates Ind Daily SBroad Index -...... Major Currencies ...dollar-denominated instruments over comparable Treasuries for sixteen

Prefatory Note The attached document represents the most complete and accurate version available based on original copies culled from the files

dollar is expected to decline at a moderate pace over the projection horizon

dollars 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1 Total net ...dollars 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1 Domestic 37.4

dollars 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1 Total net ...dollars 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1 Domestic 67.1

dollars 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1 Total net ...dollars 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1 Domestic 192.9

dollars 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1 Total net ...dollars 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1 Domestic 958.9

dollars 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 1 Total net ...dollars 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 1 Domestic 678.8

Finance and Economics Discussion Series Divisions of Research & Statistics and Monetary Affairs Federal Reserve Board, Washington, D.C. Test Questions

dollar and 3/29/88 -3 the related revaluation in the book value of direct...dollar fluctuated in a relatively narrow range. However, it came under