TABLE 1
CONFIDENTIAL
5 -
Closing exchange rates against the U.S. dollar
End 1986
High (date)
Low (date)
End 1987
HKD
7.8020
7.7560 (15.12.87) (26.10.87)
7.8210
7.7650
CHF
1.6100
1.2693 (31.12.87)
1.6283 (5.1.87)
1.2693
DEM
1.9210
1.5705 (31.12.87)
1.9305 (5.1.87)
1.5705
GBP
1.4845
1.8865 (31.12.87)
1.4710 (5.1.87)
1.8865
JPY
158.05
121.05 (31.12.87)
159.30 (5.1.87)
121.05
Rates are the mid-points between closing buying and selling rates in
New York except for the Hong Kong dollar, which is a selling rate
quoted in Hong Kong.
CONFIDENTIAL