Exchange rate statistics January 2017 Statistical Supplement 5 to the Monthly Report Deutsche Bundesbank Exchange rate statistics January 2017 2 Deutsche Bundesbank Wilhelm-Epstein-Strasse 14 60431 Frankfurt am Main Germany Postal address Postfach 10 06 02 60006 Frankfurt am Main Germany Tel +49 69 9566-0 or +49 69 9566 8604 Fax +49 69 9566 8606 or 3077 The Statistical Supplement Exchange rate statistics is published by the Deutsche Bundesbank, Frankfurt am http://www.bundesbank.de Main, by virtue of section 18 of the Bundesbank Act. It is available to interested parties free of charge. Reproduction permitted only if source is stated. Further statistical data, supplementing the Monthly Report, The German-language version of the Statis tical Supple- can be found in the follow ing supplements. ment Exchange rate statistics is published quarterly in printed form. The Deutsche Bundesbank also publishes an Banking statistics monthly updated monthly edition in German and in English on its Capital market statistics monthly website. In cases of doubt, the original German-language Balance of payments statistics monthly version is the sole authoritative text. Seasonally adjusted business statistics monthly ISSN 2190–8990 (online edition) Selected updated statistics are also available on the Cut-off date: 10 January 2017. website. Deutsche Bundesbank Exchange rate statistics January 2017 3 Contents I Euro area and exchange rate stability convergence criterion 1 Euro-area member states and irrevoc able 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 foreign exchange reference rates of the European Central Bank 1 Daily rates . 8 2 Monthly averages ..................................................................... 12 3 End-of-year rates and annual averages ..................................................... 15 4 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 world 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 V Value of the special drawing right in selected currencies 1 End-of-year and end-of-month rates ....................................................... 44 2 Daily rates ........................................................................... 45 VI Global exchange rate arrangements and monetary policy framework ............................................. 46 VII ISO currency codes ........................................................ 48 Deutsche Bundesbank Exchange rate statistics January 2017 4 Explanatory notes Euro foreign exchange reference rates of the European Central Bank .................................. 51 Effective exchange rates of the euro ........................................................... 51 Indicators of the German economy’s price competitiveness .......................................... 51 Overview of world currencies ................................................................ 53 Value of the special drawing right ............................................................. 53 Global exchange rate arrangements and monetary policy framework .................................. 54 Explanatory notes on individual countries ............................... 57 Deutsche Bundesbank Exchange rate statistics January 2017 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 Economic and 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 Buying rate M Middle rate S Selling rate V Calculated value e Estimated p Provisional r Revised . Data unknown, not to be published or not meaningful – Nil Discrepancies in the totals are due to rounding. Deutsche Bundesbank Exchange rate statistics January 2017 6 Deutsche Bundesbank Exchange rate statistics January 2017 7 I Euro area and exchange rate stability convergence criterion 1 Euro-area member states and irrevocable euro conversion rates in the third stage of European Economic and Monetary Union From Country Currency ISO currency code EUR 1 = CU ... Council Regulation (EU) No 1 1999 January 1 Austria Austrian schilling ATS 13.7603 2866/98 Belgium Belgian franc BEF 40.3399 2866/98 Finland Finnish markka FIM 5.94573 2866/98 France French franc FRF 6.55957 2866/98 Germany Deutsche Mark DEM 1.95583 2866/98 Ireland Irish pound IEP 0.787564 2866/98 Italy Italian lira ITL 1,936.27 2866/98 Luxembourg Luxembourg franc LUF 40.3399 2866/98 Netherlands Dutch guilder NLG 2.20371 2866/98 Portugal Portuguese escudo PTE 200.482 2866/98 Spain Spanish peseta ESP 166.386 2866/98 2001 January 1 Greece Greek drachma GRD 340.750 1478/2000 2007 January 1 Slovenia Slovenian tolar SIT 239.640 1086/2006 2008 January 1 Cyprus Cyprus pound CYP 0.585274 1135/2007 Malta Maltese lira MTL 0.429300 1134/2007 2009 January 1 Slovakia Slovak koruna SKK 30.1260 694/2008 2011 January 1 Estonia Estonian kroon EEK 15.6466 671/2010 2014 January 1 Latvia Latvian lats LVL 0.702804 870/2013 2015 January 1 Lithuania Lithuanian litas LTL 3.45280 851/2014 1 The EU regulations can be found at http://eur-lex.europa.eu. 2 Central rates and intervention rates in Exchange Rate Mechanism II * EUR 1 = CU ... Country Currency From ... ISO currency codeType of rate 1 Jan 1999 17 Jan 2000 28 June 2004 2 May 2005 28 Nov 2005 19 Mar 2007 29 May 2008 Denmark Upper rate 7.62824 7.62824 7.62824 7.62824 7.62824 7.62824 7.62824 Danish kroneCentral rate 1 7.46038 7.46038 7.46038 7.46038 7.46038 7.46038 7.46038 DKK Lower rate 7.29252 7.29252 7.29252 7.29252 7.29252 7.29252 7.29252 Greece Upper rate 406.075 391.863 − − − − − Greek drachmaCentral rate 1 353.1092 340.750 − − − − − GRD Lower rate 300.143 289.638 − − − − − Estonia Upper rate − − 17.9936 17.9936 17.9936 17.9936 17.9936 Estonian kroonCentral rate − − 15.6466 15.6466 15.6466 15.64663 15.6466 EEK Lower rate − − 13.2996 13.2996 13.2996 13.2996 13.2996 Lithuania Upper rate − − 3.97072 3.97072 3.97072 3.97072 3.97072 Lithuanian litasCentral rate − − 3.45280 3.45280 3.45280 3.452804 3.45280 LTL Lower rate − − 2.93488 2.93488 2.93488 2.93488 2.93488 Slovenia Upper rate − − 275.586 275.586 275.586 − − Slovenian tolarCentral rate − − 239.640 239.6405 239.640 − − SIT Lower rate − − 203.694 203.694 203.694 − − Cyprus Upper rate − − − 0.673065 0.673065 0.673065 − Cyprus poundCentral rate − − − 0.585274 0.5852746 0.585274 − CYP Lower rate − − − 0.497483 0.497483 0.497483 − Latvia Upper rate − − − 0.808225 0.808225 0.808225 0.808225 Latvian latsCentral rate − − − 0.702804 0.702804 0.7028047 0.702804 LVL Lower rate − − − 0.597383 0.597383 0.597383 0.597383 Malta Upper rate − − − 0.493695 0.493695 0.493695 − Maltese liraCentral rate − − − 0.429300 0.4293006 0.429300 − MTL Lower rate − − − 0.364905 0.364905 0.364905 − Slovakia Upper rate − − − − 44.2233 40.7588 34.6449 Slovak korunaCentral rate − − − − 38.4550 35.44248 30.1260 SKK Lower rate − − − − 32.6868 30.1260 25.6071 Source: ECB. * One prerequisite before an EU member state can join the Eurosystem to EMU on 1 January 2001. 3 Until 31 December 2010; accession to EMU on is that its currency must have observed the normal fluctuation margins of the 1 January 2011. 4 Until 31 December 2014; accession to EMU on 1 January 2015. Exchange Rate Mechanism II (the standard fluctuation band is + 15%) for at least 5 Until 31 December 2006; accession to EMU on 1 January 2007. 6 Until two years without devaluing against the euro. The Danish krone has a fluctuation 31 December 2007; accession to EMU on 1 January 2008. 7 Until 31 December band of + 2.25% on either side of the central rate. 1 According to the EU 2013; accession to EMU on 1 January 2014. 8 Until 31 December 2008; accession to communiqué of 31 December 1998. 2 Until 31 December 2000; accession EMU on 1 January 2009. Deutsche Bundesbank Exchange rate statistics January 2017 8 II Euro foreign exchange reference rates of the European Central Bank * 1 Daily rates EUR 1 = CU ... EU member countries Bulgaria Croatia Czechia Denmark Hungary Poland Romania Bulgarian lev Kuna Czech koruna Danish krone Hungarian forint Polish zloty Romanian leu Period BGN HRK CZK DKK HUF PLN RON 2016 Oct 3 1.9558 7.5053 27.021 7.4463 308.18 4.2933 4.4505 4 1.9558 7.5070 27.021 7.4418 307.42 4.2936 4.4583 5 1.9558 7.5080 27.028 7.4417 305.85 4.2941 4.4621 6 1.9558 7.5120 27.021 7.4413 305.07 4.2928 4.4760 7 1.9558 7.5035 27.021 7.4405 303.86 4.2813 4.5046 10 1.9558 7.5050 27.021 7.4409 304.65 4.2821 4.5035 11 1.9558 7.5095 27.021 7.4412 304.43 4.2712 4.4885 12 1.9558 7.5120 27.025 7.4399 306.05 4.2974 4.4970 13 1.9558 7.5120 27.021 7.4395 306.48 4.3020 4.5030 14 1.9558 7.5073 27.029 7.4398 305.31 4.3020 4.5040 17 1.9558 7.5065 27.024 7.4400 306.93 4.3281 4.5065 18 1.9558 7.5023