EXCHANGE RATE STATISTICS AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER 2011 Statistical Supplement to the Monthly Report 5 DEUTSCHE BUNDESBANK EUROSYSTEM Exchange rate statistics August 2011 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 The Statistical Supplement Exchange Rate or +49 69 9566-8604 Statistics is published by the Deutsche Bundes- bank, Frankfurt am Main, by virtue of section Fax +49 69 9566-8606 or -3077 18 of the Bundesbank Act. It is available to interested parties free of charge. Telex 41227 within Germany 414431 from abroad Further statistical data, supplementing the Monthly Report, can be found in the follow- http://www.bundesbank.de ing supplements. Reproduction permitted only if source is stated. Banking statistics monthly Capital market statistics monthly The German-language version of the Statis- Balance of payments statistics monthly tical Supplement Exchange Rate Statistics Seasonally adjusted is published quarterly in printed form. The business statistics monthly Deutsche Bundesbank also publishes an up- dated monthly edition in German and in Selected updated statistics are also available English on its website. In cases of doubt, the on the website. For a small fee to cover costs, original German-language version is the sole a file which is updated monthly and contains authoritative text. approximately 40,000 time series published by the Bundesbank can also be obtained on ISSN 2190–8990 (online edition) magnetic tape cassette or CD-ROM from the Division for Statistical Information Systems Cut-off date: 8 August 2011. and Mathematical Methods. DEUTSCHE BUNDESBANK Exchange rate statistics August 2011 I Euro area and exchange rate stability Contents convergence criterion 1 Euro member countries 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 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 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 DEUTSCHE BUNDESBANK EUROSYSTEM Exchange rate statistics August 2011 V Value of the special drawing right in Explanatory notes selected currencies Euro reference exchange rates of the 1 End of year 44 European Central Bank 59 2 End of month 44 3 Daily rates 45 Effective exchange rates of the euro 59 Indicators of the German economy’s VI Global exchange rate arrange - price competitiveness 61 ments and monetary policy framework 46 Overview of world currencies 61 Value of the special drawing right 61 VII ISO currency codes 48 Global exchange rate arrangements and monetary policy framework 62 Excerpts from official notifications and Explanatory notes on individual announcements on the euro and countries 65 Exchange Rate Mechanism II 51 DEUTSCHE BUNDESBANK Exchange rate statistics August 2011 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 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 DEUTSCHE BUNDESBANK EUROSYSTEM Exchange rate statistics August 2011 6 DEUTSCHE BUNDESBANK Exchange rate statistics August 2011 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 ... 1999 January 1 Austria Austrian schilling ATS 13.7603 Belgium Belgian franc BEF 40.3399 Finland Finnish markka FIM 5.94573 France French franc FRF 6.55957 Germany Deutsche Mark DEM 1.95583 Ireland Irish pound IEP 0.787564 Italy Italian lira ITL 1,936.27 Luxembourg Luxembourg franc LUF 40.3399 Netherlands Dutch guilder NLG 2.20371 Portugal Portuguese escudo PTE 200.482 Spain Spanish peseta ESP 166.386 2001 January 1 Greece Greek drachma GRD 340.750 2007 January 1 Slovenia Slovenian tolar SIT 239.640 2008 January 1 Cyprus Cyprus pound CYP 0.585274 Malta Maltese lira MTL 0.429300 2009 January 1 Slovakia Slovak koruna SKK 30.1260 2011 January 1 Estonia Estonian kroon EEK 15.6466 * Excerpts from official communications and announcements on the euro and Exchange Rate Mechanism II, see pp 51−57. 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 krone Central rate 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 drachma Central rate 353.1091 340.750 − −−−− GRD Lower rate 300.143 289.638 − −−−− Estonia Upper rate − − 17.9936 17.9936 17.9936 17.9936 17.9936 Estonian kroon Central rate − − 15.6466 15.6466 15.6466 15.64662 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 litas Central rate − − 3.45280 3.45280 3.45280 3.45280 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 tolar Central rate − − 239.640 239.6403 239.640 − − SIT Lower rate − − 203.694 203.694 203.694 − − Cyprus Upper rate − − − 0.673065 0.673065 0.673065 − Cyprus pound Central rate − − − 0.585274 0.5852744 0.585274 − CYP Lower rate − − − 0.497483 0.497483 0.497483 − Latvia Upper rate − − − 0.808225 0.808225 0.808225 0.808225 Latvian lats Central rate − − − 0.702804 0.702804 0.702804 0.702804 LVL Lower rate − − − 0.597383 0.597383 0.597383 0.597383 Malta Upper rate − − − 0.493695 0.493695 0.493695 − Maltese lira Central rate − − − 0.429300 0.4293004 0.429300 − MTL Lower rate − − − 0.364905 0.364905 0.364905 − Slovakia Upper rate − − − − 44.2233 40.7588 34.6449 Slovak koruna Central rate − − − − 38.4550 35.44245 30.1260 SKK Lower rate − − − − 32.6868 30.1260 25.6071 Source: ECB. — * One prerequisite before an EU member state can join the commitments regarding narrower fluctuation bands, see pp 51−57. — Eurosystem is that its currency must have observed the normal fluctuation 1 Until 31 December 2000; accession to EMU on 1 January 2001. — margins of the Exchange Rate Mechanism II for at least two years without 2 Until 31 December 2010; accession to EMU on 1 January 2011. — devaluing against the euro. The Danish krone has a fluctuation band of 3 Until 31 December 2006; accession to EMU on 1 January 2007. — + 2.25% on either side of the central rate, while the other currencies are 4 Until 31 December 2007; accession to EMU on 1 January 2008. — subject to the standard fluctuation band of + 15%. For additional unilateral 5 Until 31 December 2008; accession to EMU on 1 January 2009. 7 DEUTSCHE BUNDESBANK E U R O S Y S T E M Exchange rate statistics August 2011 II Euro reference exchange rates of the European Central Bank * 1 Daily rates EUR 1 = CU ... EU member countries Bulgaria Czech Republic Denmark Hungary Latvia Lithuania Poland Romania Sweden Hungarian Swedish Bulgarian lev Czech koruna Danish krone forint Latvian latsLithuanian litas Polish zloty Romanian leu krona Period BGN CZK DKK HUF LVL LTL PLN RON SEK 2011 May 2 1.9558 24.175 7.4574 264.05 0.7092 3.4528 3.9297 4.0935 8.9267 3 1.9558 24.172 7.4568 265.53 0.7093 3.4528 3.9443 4.1080 8.9581 4 1.9558 24.209 7.4568 264.68 0.7095 3.4528 3.9366 4.1100 9.0105 5 1.9558 24.192 7.4572 265.26 0.7093 3.4528 3.9475 4.1105 9.0682 6 1.9558 24.093 7.4570 264.95 0.7096 3.4528 3.9515 4.1188 9.0215 9 1.9558 24.176 7.4570 264.40 0.7093 3.4528 3.9383 4.0998 8.9791 10 1.9558 24.227 7.4563 263.85 0.7093 3.4528 3.9315 4.0888 8.9565 11 1.9558 24.258 7.4559 263.67 0.7093 3.4528 3.9013 4.0918 8.9460 12 1.9558 24.277 7.4562 266.08 0.7093 3.4528 3.9150 4.1155 8.9566 13 1.9558 24.388 7.4558 267.05 0.7093 3.4528 3.9173 4.1150 8.9951 16 1.9558 24.373 7.4564 267.93 0.7093 3.4528 3.9303 4.1060 9.0090 17 1.9558 24.454 7.4566 267.69 0.7092 3.4528 3.9288 4.1115 9.0015 18 1.9558 24.505 7.4573 269.03 0.7093 3.4528 3.9263 4.1191 8.9840 19 1.9558 24.468 7.4577 267.97 0.7092 3.4528 3.9236 4.1163 8.9640 20 1.9558 24.476 7.4565 268.80 0.7093 3.4528 3.9266 4.1125 8.9324 23 1.9558 24.530 7.4561 270.16 0.7093 3.4528 3.9485 4.1205 8.9155 24 1.9558 24.580 7.4566 269.40 0.7093 3.4528 3.9473 4.1218 8.9200 25 1.9558 24.577 7.4569 270.06 0.7093 3.4528 3.9678 4.1345 8.9150 26 1.9558 24.618 7.4567 269.02 0.7093 3.4528 3.9675 4.1340 8.9010 27 1.9558 24.585 7.4562 268.58 0.7093 3.4528 3.9780 4.1320 8.9108 30 1.9558 24.509 7.4560 268.07 0.7095 3.4528 3.9750