TRENDS IN EXCHANGE RATES AND PRICES

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP85T00875R001900030015-9
• Release Decision: RIPPUB
• Original Classification: U
• Document Page Count: 6
• Document Creation Date: December 20, 2016
• Document Release Date: August 17, 2005
• Sequence Number: 15
• Publication Date: July 3, 1974
• Content Type: MF

25X1
Approved For Release 2005/12/14 :CIA-RDP85T00875R001900030015-9
 Approved For Relea
MEMORANDUM FOR:
3 July 1974
Trends in Exchange Rates and Prices
1? The attar_hA,a
-- "r?? a..u L-aaies are in response to
your request of 2 July 1974 for data on trends in exchange rates
and foreign prices for inclusion
n Your report.
i
2. The exchange rate d
No index is presented for the UnitedrStateseasedata arelinlunits
of foreign. currency per US dollar. The rates used in calculating
the index are the market closing quotations from each country on
the first day of the month.
3? The consumer ri
L- ce indexes are presented in Table c2.
The consumer price index is a frequently used measure of inflation
particularly when assessi
p of risinric on
Consumer price indexes forgtheeUS, J
apan, West Germany France, earnings.
the UK are available only through May 1974 and
are calculated from official - The indexes presented
1973 base. country data, reirdexed to a January.
4.
be Kapp ny cna will
this question. ques Ions you mig ac
STA'T
 Approved For
(3 July 1974)
 25X1 Approved For Release 2005/12/14: CIA-RDP85T00875R001900030015-9
Approved For Release 2005/12/14: CIA-RDP85T00875R001900030015-9
 Exchange Rate Index
Foreign Currency Units Per Dollar (January 1973=100)
1 ?
January 73 July 73 January 74
Approved For R please 2005112114 : -
Japan 100 88 93 95
West Germany 100 75 86 ? 80
France 100 fJ0 93 94
United Kingdom 100 91 102 99
'An 11.1% devaluation of the dollar vis-a-vis the West German,.
French, and British currencies occurred. on 12 February 1973. The
Japanese currency was floated at that time.
 n ,.
Approved For
R00'C900
30015
9
p
-
25X1
(January 1^73=100)
January 73 July 73 January 74
United States 100 103.9 109.4
Japan 100 108.2 109.0
West Germany 100 103.6 106.7
France 100 104.1 110.3
United Kingdom 100 10,4.9 112.0??
132.0
110.0
116.3
120.5
Consumer Price Index