ANNEX 1
TABLE F-1 ? MARKET EXCHANGE RATES
(Local Currency per US dollar)
| 
       Country  | 
    
       1987  | 
    
       1988  | 
    
       1989  | 
    
       1990  | 
    
       1991  | 
    
       1992  | 
    
       1993  | 
    
       1994  | 
    
       1995  | 
    
       1996p  | 
| Argentina2 | 
       -  | 
    
       -  | 
    
       -  | 
    
       0.5  | 
    
       1.0  | 
    
       1.0  | 
    
       1.0  | 
    
       1.0  | 
    
       1.0  | 
    
       1.0  | 
| Bahamas | 
       1.0  | 
    
       1.0  | 
    
       1.0  | 
    
       1.0  | 
    
       1.0  | 
    
       1.0  | 
    
       1.0  | 
    
       1.0  | 
    
       1.0  | 
    
       1.0  | 
| Barbados | 
       2.0  | 
    
       2.0  | 
    
       2.0  | 
    
       2.0  | 
    
       2.0  | 
    
       2.0  | 
    
       2.0  | 
    
       2.0  | 
    
       2.0  | 
    
       2.0  | 
| Belize | 
       2.0  | 
    
       2.0  | 
    
       2.0  | 
    
       2.0  | 
    
       2.0  | 
    
       2.0  | 
    
       2.0  | 
    
       2.0  | 
    
       2.0  | 
    
       2.0  | 
| Bolivia | 
       2.1  | 
    
       2.4  | 
    
       2.7  | 
    
       3.2  | 
    
       3.6  | 
    
       3.9  | 
    
       4.3  | 
    
       4.6  | 
    
       4.8  | 
    
       5.1  | 
| Brazil2 | 
       -  | 
    
       -  | 
    
       -  | 
    
       -  | 
    
       -  | 
    
       -  | 
    
       -  | 
    
       0.6  | 
    
       0.9  | 
    
       1.0  | 
| Chile | 
       329.5  | 
    
       245.0  | 
    
       267.2  | 
    
       305.1  | 
    
       349.4  | 
    
       362.6  | 
    
       404.3  | 
    
       420.1  | 
    
       396.8  | 
    
       412.3  | 
| Colombia | 
       242.6  | 
    
       299.2  | 
    
       382.6  | 
    
       502.3  | 
    
       633.1  | 
    
       759.3  | 
    
       863.1  | 
    
       844.8  | 
    
       912.8  | 
    
       1036.7  | 
| Costa Rica | 
       62.8  | 
    
       75.8  | 
    
       81.5  | 
    
       91.6  | 
    
       122.4  | 
    
       134.5  | 
    
       142.2  | 
    
       157.1  | 
    
       179.7  | 
    
       207.7  | 
| Dominican Republic | 
       3.8  | 
    
       6.1  | 
    
       6.3  | 
    
       8.5  | 
    
       12.7  | 
    
       12.8  | 
    
       12.7  | 
    
       13.2  | 
    
       13.6  | 
    
       13.8  | 
| Ecuador | 
       170.5  | 
    
       301.6  | 
    
       526.4  | 
    
       767.8  | 
    
       1046.3  | 
    
       1534.0  | 
    
       1919.1  | 
    
       2196.7  | 
    
       2564.5  | 
    
       3189.5  | 
| El Salvador | 
       5.0  | 
    
       5.0  | 
    
       5.0  | 
    
       6.8  | 
    
       8.0  | 
    
       8.4  | 
    
       8.7  | 
    
       8.7  | 
    
       8.8  | 
    
       8.8  | 
| Guatemala | 
       2.5  | 
    
       2.6  | 
    
       2.8  | 
    
       4.5  | 
    
       5.0  | 
    
       5.2  | 
    
       5.6  | 
    
       5.8  | 
    
       5.8  | 
    
       6.0  | 
| Guyana | 
       9.8  | 
    
       10.0  | 
    
       27.2  | 
    
       39.5  | 
    
       111.8  | 
    
       125.0  | 
    
       126.7  | 
    
       138.3  | 
    
       142.0  | 
    
       140.4  | 
| Haiti4 | 
       5.6  | 
    
       6.0  | 
    
       6.6  | 
    
       7.5  | 
    
       7.7  | 
    
       9.1  | 
    
       12.4  | 
    
       14.7  | 
    
       14.5  | 
    
       16.9  | 
| Honduras | 
       2.0  | 
    
       2.0  | 
    
       2.0  | 
    
       4.1  | 
    
       5.3  | 
    
       5.5  | 
    
       6.5  | 
    
       8.4  | 
    
       9.5  | 
    
       11.7  | 
| Jamaica | 
       5.5  | 
    
       5.5  | 
    
       5.7  | 
    
       7.2  | 
    
       12.1  | 
    
       23.0  | 
    
       24.9  | 
    
       33.1  | 
    
       35.1  | 
    
       37.1  | 
| Mexico | 
       1.4  | 
    
       2.3  | 
    
       2.5  | 
    
       2.8  | 
    
       3.0  | 
    
       3.1  | 
    
       3.1  | 
    
       3.4  | 
    
       6.4  | 
    
       7.6  | 
| Nicaragua2 | 
       --  | 
    
       --  | 
    
       --  | 
    
       0.1  | 
    
       4.3  | 
    
       5.0  | 
    
       5.6  | 
    
       6.7  | 
    
       7.5  | 
    
       8.4  | 
| Panama | 
       1.0  | 
    
       1.0  | 
    
       1.0  | 
    
       1.0  | 
    
       1.0  | 
    
       1.0  | 
    
       1.0  | 
    
       1.0  | 
    
       1.0  | 
    
       1.0  | 
| Paraguay | 
       550.0  | 
    
       550.0  | 
    
       1056.2  | 
    
       1229.8  | 
    
       1325.2  | 
    
       1500.3  | 
    
       1744.4  | 
    
       1911.5  | 
    
       1970.4  | 
    
       2062.8  | 
| Peru2 | 
       --  | 
    
       --  | 
    
       --  | 
    
       0.2  | 
    
       0.8  | 
    
       1.2  | 
    
       2.0  | 
    
       2.2  | 
    
       2.3  | 
    
       2.5  | 
| Suriname5 | 
       8.6  | 
    
       6.6  | 
    
       7.8  | 
    
       9.8  | 
    
       10.2  | 
    
       14.8  | 
    
       48.9  | 
    
       195.3  | 
    
       452.0  | 
    
       403.7  | 
| Trinidad and Tobago | 
       3.6  | 
    
       3.8  | 
    
       4.3  | 
    
       4.3  | 
    
       4.3  | 
    
       4.3  | 
    
       5.4  | 
    
       5.9  | 
    
       5.9  | 
    
       6.0  | 
| Uruguay | 
       0.2  | 
    
       0.4  | 
    
       0.6  | 
    
       1.2  | 
    
       2.0  | 
    
       3.0  | 
    
       3.9  | 
    
       5.1  | 
    
       6.3  | 
    
       8.0  | 
| Venezuela | 
       14.5  | 
    
       14.5  | 
    
       34.7  | 
    
       46.9  | 
    
       56.8  | 
    
       68.4  | 
    
       90.8  | 
    
       148.5  | 
    
       176.8  | 
    
       417.3  | 
Source: International Monetary Fund, International Financial Statistics, various issues.