What does one learn from the data in column I about the JPY vs. the USD over this time period?
THE BANK FOR INTERNATIONAL DEVELOPMENT Exhibit 2 1 2 3 4 5 6 7 Selected Historical Interest Rates, Inflation Rates, & Exchange Rates Date Fwd FX Fwrd Ex 90-day Euro Yen 90-day Euro $ Qtrly Japan CPI Infi Qtrly U.S. (end of month) 90-day Y/$ Spot Fx Rate Y/$ Qtrly Premium Rate Rate CPI Infi 8 9 LO 1 Mean 0.8075% 1.5017% 0.3670% 0.9818% 152.07 -0.6712% 1 .2 3 -4 5 -6 -7 28 -9 CO 21 2 23 24 25 26 .7 28 29 Std. Dev. Jan-76 Feb-76 Mar-76 Apr-76 May-76 Jun-76 Jul-76 Aug-76 Sep-76 Oct-76 Nov-76 Dec-76 Jan-77 Feb-77 Mar-77 Apr-77 May-77 Jun-77 0.7965% 1.2340% 1.2935% 1.5015% 1.2340% 1.6774% 1.4709% 1.5156% 1.4426% 1.5885% 1.4709% 1.6189% 1.6025% 1.4426% 1.3669% 1.5603% 1.3077% 1.3669% 1.4260% 0.9030% 1.2792% 1.3527% 1.3385% 1.3101% 1.5744% 1.4567% 1.3693% 1.3527% 1.3977% 1.2935% 1.2507% 1.2198% 1.2792% 1.2507% 1.2650% 1.2792% 0.9549% 3.3379% 3.0693% 2.93 20% 1.0050% -0.1260% 2.3589% 2.4693% 3.3481% 1.5825% 1.9324% 2.5287% 2.1506% 2.8304% 3.1600% 1.9895% 0.1162% -0.8097% 1.6092% 0.8511% 1.0317% 1.3206% 1.4620% 1.6000% 1.5908% 1.4409% 1.2903% 0.9993% 0.9964% 1.1332% 1.9691% 2.2410% 2.5036% 1.9311% 2.0563% 1.6349% 1.4916% 1.2138% 151.00 58.82 303.80 302.30 302.80 299.43 300.60 298.33 294.00 289.45 288.15 294.93 296.95 293.60 288.80 284.20 278.55 277.85 277.21 266.77 59.31 303.70 302.25 299.70 299.40 299.95 297.40 293.40 288.75 287.45 293.70 295.75 292.80 289.30 282.70 277.50 277.70 277.30 267.70 0.6961% 0.0330% 0.0165% 1.0289% 0.0100% 0.2166% 0.3123% 0.2043% 0.2422% 0.2432% 0.4179% 0.4049% 0.2729% -0.1729% 0.5291% 0.3778% 0.0540% -0.0325% -0.3481% 1 1.4709% 1.3977% THE BANK FOR INTERNATIONAL DEVELOPMENT Exhibit 2 1 2 3 4 5 6 7 Selected Historical Interest Rates, Inflation Rates, & Exchange Rates Date Fwd FX Fwrd Ex 90-day Euro Yen 90-day Euro $ Qtrly Japan CPI Infi Qtrly U.S. (end of month) 90-day Y/$ Spot Fx Rate Y/$ Qtrly Premium Rate Rate CPI Infi 8 9 LO 1 Mean 0.8075% 1.5017% 0.3670% 0.9818% 152.07 -0.6712% 1 .2 3 -4 5 -6 -7 28 -9 CO 21 2 23 24 25 26 .7 28 29 Std. Dev. Jan-76 Feb-76 Mar-76 Apr-76 May-76 Jun-76 Jul-76 Aug-76 Sep-76 Oct-76 Nov-76 Dec-76 Jan-77 Feb-77 Mar-77 Apr-77 May-77 Jun-77 0.7965% 1.2340% 1.2935% 1.5015% 1.2340% 1.6774% 1.4709% 1.5156% 1.4426% 1.5885% 1.4709% 1.6189% 1.6025% 1.4426% 1.3669% 1.5603% 1.3077% 1.3669% 1.4260% 0.9030% 1.2792% 1.3527% 1.3385% 1.3101% 1.5744% 1.4567% 1.3693% 1.3527% 1.3977% 1.2935% 1.2507% 1.2198% 1.2792% 1.2507% 1.2650% 1.2792% 0.9549% 3.3379% 3.0693% 2.93 20% 1.0050% -0.1260% 2.3589% 2.4693% 3.3481% 1.5825% 1.9324% 2.5287% 2.1506% 2.8304% 3.1600% 1.9895% 0.1162% -0.8097% 1.6092% 0.8511% 1.0317% 1.3206% 1.4620% 1.6000% 1.5908% 1.4409% 1.2903% 0.9993% 0.9964% 1.1332% 1.9691% 2.2410% 2.5036% 1.9311% 2.0563% 1.6349% 1.4916% 1.2138% 151.00 58.82 303.80 302.30 302.80 299.43 300.60 298.33 294.00 289.45 288.15 294.93 296.95 293.60 288.80 284.20 278.55 277.85 277.21 266.77 59.31 303.70 302.25 299.70 299.40 299.95 297.40 293.40 288.75 287.45 293.70 295.75 292.80 289.30 282.70 277.50 277.70 277.30 267.70 0.6961% 0.0330% 0.0165% 1.0289% 0.0100% 0.2166% 0.3123% 0.2043% 0.2422% 0.2432% 0.4179% 0.4049% 0.2729% -0.1729% 0.5291% 0.3778% 0.0540% -0.0325% -0.3481% 1 1.4709% 1.3977%
