Machine Tool Scoreboard - Currency Conversion Table

Average interbank rates. Local currency x factor = $1 US. Source: www.oanda.com

12 months

Japan ¥

Euro €

British £

Korea

Swiss

Taiwan $

China yuan

Russian

ending

JPY

EUR

GBP

won, KRW

francs, CHF

TWD

renminbi CNY

RUB

Mar-09

0.01000

1.42447

1.72166

0.00085

0.91092

0.03121

0.14582

0.03755

Jun-09

0.01017

1.37429

1.61593

0.00079

0.89325

0.03055

0.14650

0.03478

Sep-09

0.01052

1.35475

1.55160

0.00076

0.89490

0.03016

0.14655

0.03244

Dec-09

0.01070

1.39463

1.56593

0.00079

0.92362

0.03031

0.14670

0.03174

Mar-10

0.01078

1.41376

1.59634

0.00083

0.94160

0.03076

0.14664

0.03316

Jun-10

0.01093

1.39233

1.58231

0.00085

0.94260

0.03105

0.14667

0.03316

Sep-10

0.01117

1.35730

1.55916

0.00086

0.94949

0.03126

0.14699

0.03335

Dec-10

0.01142

1.32789

1.54633

0.00087

0.96145

0.03175

0.14794

0.03301

Mar-11

0.01170

1.32290

1.55560

0.00090

0.98970

0.03240

0.14890

0.03300

Jun-11

0.01200

1.36310

1.59020

0.00090

1.05030

0.03320

0.15070

0.03370

Sep-11

0.01230

1.39600

1.60710

0.00090

1.11450

0.03400

0.15280

0.03420

Dec-11

0.01260

1.39240

1.60390

0.00090

1.13160

0.03390

0.15450

0.03400

Mar-12

0.01270

1.37840

1.59630

0.00090

1.13700

0.03380

0.15610

0.03380

Note: Some company annual reports that are based in currencies other than U.S. dollars include a conversion to dollars as a courtesy service to their investors. These conversions are usually made at the end-of-period rate, that is, the exchange rate that existed on the closing date of the fiscal year, say, March 31st. It is an appropriate way to value assets, liabilities, and share information at a particular instant of time, the close of the year. In order avoid confusion they also use the same end-of-period rate for revenues.

The rates used in the Scoreboard survey, however, are average rates for the time period covered, that is, the arithmetic average of all 365 days ending, say, March 31st. This method provides a better comparison for revenue streams that flow over the course of an entire year. This is especially important since the comparisons here are made with differing fiscal-year endings.