European Stars and Stripes (Newspaper) - October 30, 1994, Darmstadt, Hesse Page 12 the stars and stripes Money matters sunday. October 30,1994 shown below Are the highest Dollar Exchange rates for the week of oct. 24 28 compared with Dollar rates for the same period one year and five years ago. One Dollar would buy you 1-841.46 1994 1993 1989 military Exchange rate one Pound would Cost you 1-68 c 1.61 1994 1.51 1993 1989 one Dollar would buy you 38.71 30.72 Odu one Dollar would buy you 2.08 1.63 1.83 1994 i 1993 i 1989 one Dollar would buy you 5.13 5.88 6 25 19891994 one Dollar would buy you 229.43 235.20 164.85 1994 i 1989 one Dollar would buy you 1,531 1,638 1994 1,352 1989 one Dollar would buy you 124.69 134.40 1993 1989 one Dollar would buy you 35,790 1994 12,970 1993 i 2,302 1989 m " -. Own experts say by Patricia Lamiell a business writer new York is the sickly Dollar contagious some Stock analysts think so. In the last few weeks the dollars lumped to two year lows against the German Mark and flirted with its worst Levels against the japanese yen. Its prob lems have been a contributing Factor inthe Stock Market s intermittent declines. If the Greenback continues to fall i could pull stocks along with it analysts warn. Wall Street got some Hope fridays the Dollar shot up along with Bond prices after a report on third Quarter economic activity contained no Nasty inflation surprises. The Dollar traded late Friday at 1.5085marks and 97.28 japanese yen. That helped boost the Dow Jones Industrial average 55.51 Points to 3,930.66 on Fri Day raising the Dow s gain for the week to 39.36 Points. But currency traders said Friday s rally by the Dollar was largely technical. They remain concerned about its Long term fragility. A weak Dollar has several negative implications for stocks. Foremost in Many investors minds is that the Federal re serve could be forced to defend the Dol Lar by raising interest rates. Higher rates Are anathema to Stock holders because they increase corporate costs drive Down profits and lure invest ment Money away from stocks into higher yielding fixed income investments. A weaker Dollar also raises the prices of imports which now constitute a Large portion of goods consumed in the unite states. Higher import prices Are inflationary which again could prompt themed to tighten credit. A lower Dollar also discourages foreign investors from buying Dollar denominated securities. This has a most direct effect on the Bond and currency markets where foreign investors Are if demand for Bonds dried up that would Send interest rates higher analysts Are Quick to Point out that weaker Dollar does make . Exports cheaper which helps . Companies with big sales overseas. On Friday the new York Stock Exchange s composite traders phone in orders on the floor of the new York Stock Exchange on Friday. Al though the Dow Jones Industrial average was up More than 55 Points As investors fears of inflation subsided experts worry that a weak Dollar May drag Down stocks. New York Exchange new York a -.sales, 4 . Price and net change of the 15 most Active new York Stock Exchange issues trading nationally Friday. Name Gen motors Compaq s Hallburton us shoe us Marathon sprint telex ads Rwjr Nab for motor s Micro tech s ism to corp Geneles volume Tail chg. 6,239,600 40 /4 to 4,913,400 40h met 3,618,500 36
