|

The following table sets forth the period-end, average, high
and low noon buying rate, expressed in reais per U.S. dollar
(R$/U.S.$) for the periods indicated.
 |
| |
|
Exchange Rates of Nominal reais Per
U.S.$1.00
|
| Period |
|
High
|
|
Low
|
|
Average
|
|
Period End
|
| 1996 |
|
1.041
|
|
0.973
|
|
1.001
|
|
1.039
|
| 1997 |
1.116
|
1.040
|
1.079
|
1.116
|
| 1998 |
1.209
|
1.117
|
1.161
|
1.209
|
| 1999 |
2.165
|
1.208
|
1.816
|
1.789
|
| 2000 |
1.985
|
1.723
|
1.830
|
1.955
|
| November 2000 |
1.978
|
1.910
|
1.948
|
1.960
|
| December 2000 |
1.985
|
1.952
|
1.963
|
1.955
|
| January 2001 |
1.975
|
1.936
|
1.954
|
1.971
|
| February 2001 |
2.045
|
1.974
|
2.002
|
2.045
|
| March 2001 |
2.162
|
2.021
|
2.089
|
2.162
|
| April 2001 |
2.301
|
2.138
|
2.193
|
2.185
|
| May 2001 |
2.360
|
2.277
|
2.360
|
2.195
|
| |
 |
Source: Central Bank
|