§ Mr. Austin Mitchellasked the Chancellor of the Exchequer whether he will circulate in the Official Report a table showing for each of the principal exporting countries, Canada and Sweden the change in the effective exchange rate for each quarter since the Smithsonian agreement, on a trade-weighted basis, in the form of an index, or otherwise.
§ Mr. LawsonThe figures are as follows: 815W
EFFECTIVE EXCHANGE RATES (MERM WEIGHTS, MAY 1970 = 100) United States Canada Japan Germany France Italy Netherlands Belgium Sweden United Kingdom 1971 96.8 106.4 102.4 103.6 98.4 98.8 101.0 100.3 99.7 100.0 1972— First quarter 90.2 104.8 113.3 107.2 100.7 98.2 103.2 103.5 101.1 100.9 Second quarter 89.5 105.8 114.0 107.2 101.8 98.2 102.2 103.0 101.4 100.3 Third quarter 89.4 106.8 115.1 107.0 102.3 98.6 102.2 103.2 102.3 94.3 Fourth quarter 90.0 106.4 115.6 106.8 101.9 98.8 102.0 103.3 102.5 91.4 1973— First quarter 86.0 104.0 122.4 109.7 103.7 95.9 103.3 104.2 102.7 90.0 Second quarter 82.1 102.1 126.3 115.9 107.4 88.8 103.8 105.1 103.0 90.5 Third quarter 79.3 100.8 123.2 127.9 108.1 86.7 106.4 105.1 105.7 85.3 Fourth quarter 81.8 102.2 121.0 123.7 106.0 87.5 109.1 103.3 103.0 84.1 1974— First quarter 85.7 105.9 117.5 122.2 99.0 83.6 109.0 102.6 99.8 84.2 Second quarter 82.6 106.3 119.4 128.5 96.0 81.4 112.0 106.1 104.1 85.8 Third quarter 84.3 105.4 113.2 124.1 100.1 80.8 112.5 106.4 103.7 85.3 Fourth quarter 84.0 104.7 111.3 127.3 101.9 78.2 113.3 106.9 106.2 83.7 1975— First quarter 81.3 102.2 111.4 131.4 106.1 77.7 115.2 109.3 110.6 82.8 Second quarter 81.4 99.7 111.6 129.4 111.5 78.4 114.6 108.1 111.5 80.1 Third quarter 85.2 100.4 112.6 124.9 109.8 77.8 111.9 105.2 106.9 76.2 Fourth quarter 86.2 102.2 111.2 124.5 109.8 77.1 112.1 103.8 106.0 74.0 1976— First quarter 86.9 104.9 112.4 127.2 108.7 68.7 113.1 104.6 107.1 73.0 Second quarter 88.1 107.2 114.9 130.6 106.4 61.7 113.7 106.0 108.0 66.7 Third quarter 87.7 107.2 118.4 132.4 101.1 63.4 115.7 106.7 108.4 65.0 Fourth quarter 88.0 105.8 116.9 139.1 98.4 61.1 120.8 111.0 113.4 60.4 1977— First quarter 88.0 101.6 120.3 140.0 98.5 59.4 121.2 111.1 112.8 62.7 Second quarter 87.4 99.0 124.9 141.4 98.5 58.8 122.0 111.9 108.8 62.5 Third quarter 86.8 97.1 129.0 144.0 99.0 58.6 121.5 112.4 104.4 62.7 Fourth quarter 84.7 93.4 138.1 146.9 98.1 57.6 121.4 112.3 97.6 64.2 1978— First quarter 81.9 91.3 141.0 152.6 95.9 56.7 125.2 116.0 98.0 66.3 Second quarter 80.7 89.7 152.0 151.3 98.8 56.2 124.4 114.4 98.1 62.4 Third quarter 76.6 86.9 171.5 150.5 100.3 55.7 122.4 113.0 98.2 63.3 Fourth quarter 75.2 83.6 171.2 158.0 99.2 54.4 126.1 116.3 98.8 63.6 1979— First quarter 76.1 83.3 161.5 160.0 100.1 53.9 127.5 117.2 98.7 64.9 Second quarter 77.8 86.1 150.0 159.1 99.1 54.3 126.1 115.6 99.6 68.3 Third quarter 76.4 85.0 147.0 162.3 99.9 55.0 126.2 116.8 101.3 72.1 Source: International Financial Statistics.