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
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