Dollar Hits 7-Year High Vs. Yen

Wed., May 20, 1998

The dollar hit its highest level against the yen since August 1991 on Tuesday as a pledge by Indonesia’s president to step down failed to calm traders’ worries about that country’s political instability.

The U.S. currency also slipped against the mark in a quiet, nervous day of trading.

Traders remained focused on the turmoil in Indonesia, where President Suharto said he would step down under pressure from riots and protests, but failed to offer a departure date. Traders were uncertain if he would actually leave and, if he did, who would replace him.

Exchange Currency in Dollars Dollar in foreign currency

Canada .6900 1.4492

France .1672 5.9800

Germany .5607 1.7834

Great Britain 1.6213 .6168

Italy .000569 1758.75

Japan .007329 136.44

Mexico .116604 8.5760

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are tax deductible.

Meet Our Journalists

Jesse Tinsley

Meet Jesse Tinsley. As a certified drone pilot, this veteran Spokesman-Review photographer often can be seen capturing beautiful aerial photographs of our region. Sometimes though, the job requires getting down with the dogs.
Jim Meehan

Jim Meehan is no stranger to Zag Nation. As the lead writer covering the Gonzaga men’s basketball team, he tells the stories behind the game and gets fans a bit closer to their favorite players.
Molly Quinn

There is no artist in Spokane like Molly Quinn. Her whimsical style is instantly recognizable to readers of The Spokesman-Review. She has painted gorgeous illustrations that instantly elevate the journalism accompanying it. She brings to life the stories that defy photography. She makes our pages better.
Rob Curley

Spokesman-Review editor Rob Curley loves to talk with people and learn about their lives, whether it's a best-selling author or a stranger he meets downtown on his walk to lunch. It's that inquisitive nature combined with a playful sense of storytelling that helps make our newspaper different than most.

Dollar Hits 7-Year High Vs. Yen

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

White House to host 9-hour prayer festival focused on Christian roots of U.S.

Are these the bones of the fourth musketeer? This Dutch village hopes so.

Alex Murdaugh murder convictions overturned by South Carolina Supreme Court