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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic
INTC 38.16+2.5%Nov 7 9:30 AM EST

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To: Sonny McWilliams who wrote (26497)9/19/2000 3:55:14 AM
From: William Hunt   of 27012
 
Sonny --a table from the Federal Reserve Bank on how the Euro has been dropping for the past year ---just a follow-up on my statement that companies such as Gillette are using the Euro as an excuse to cover up their lack of hedging against the currency or poor performance . I believed the latter :
Foreign Exchange Rate: European Monetary Union
(US$/Euro), Average of daily figures
Noon buying rates in New York City for cable transfers payable in foreign currencies
Source: G.5 Release -- Federal Reserve Board of Governors

DATE EXUSEU

1999.08 1.0605
1999.09 1.0497
1999.10 1.0706
1999.11 1.0328
1999.12 1.0110
2000.01 1.0131
2000.02 0.9834
2000.03 0.9643
2000.04 0.9449
2000.05 0.9059
2000.06 0.9505
2000.07 0.9386
2000.08 0.9045

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