| 1922 | | | | |January | 52·32½ | par | ... | |February | 51·62½ | „ | ... | |March | 48·45 | „ | ... | |April | 48·15 | - 1 centime | - .25 | |May | 48·47 | + 1 „ | + .25 | |June | 49·00 | + 2 „ | + ·49 | |July | 56·20 | + 8 „ | +1·8 | |August | 54·10 | +10 „ | +2·21 | |September | 57·40 | + 3 „ | + ·63 | |October | 58·25 | + 3 „ | + ·62 | |November | 64·65 | +14 „ | +2·59 | |December | 64·30 | + 8 „ | +1·49 | | 1923 | | | | |January | 66·40 | + 5 „ | + ·9 | |February | 75·50 | +16 „ | +2·54 | |March | 77·50 | +11 „ | +1·70 | |April | 70·40 | + 5 „ | + .85 | |May | 69·35 | + 5 „ | + ·86 | |June | 71·60 | + 5 „ | + ·84 | |July | 78·35 | + 4 „ | + ·61 | |August | 79·20 | + 9 „ | + ·60 | +----------+------------+-------------+------------+ First day of month in 1920, first Wednesday in 1921, and first Friday thereafter. TABLE OF EXCHANGE QUOTATIONS IN LONDON ONE MONTH FORWARD +--------------------------------------------------+ | ITALY. | +----------+------------+-------------+------------+ | | | One Month | Difference | | Date. | Spot. | Forward. | per cent | | | | | per annum. | +----------+------------+-------------+------------+ |1920[38] | | | | |January | 50 | - ⅛ lire | - 3·0 | |February | 55 | - ⅛ „ | - 2·7 | |March | 62¾ | - ¼ „ | - 4·7 | |April | 80½ | - ¼ „ | - 3·7 | |May | 83 | - ½ „ | - 7·1 | |June | 66⅜ | - ½ „ | - 9·1 | |July | 65⅜ | - ½ „ | - 9·2 | |August | 70 | - ½ „ | - 8·5 | |September | 76¼ | - ½ „ | - 7·9 | |October | 83-9/16 | - ½ „ | - 7·2 | |November | 93-11/16 | - ½ „ | - 6·4 | |December | 94-11/16 | - ½ „ | - 6·3 | | 1921 | | | | |January | 104⅜ | par | ... | |February | 105½ | - ¾ lire | - 8·5 | |March | 106½ | - ⅝ „ | - 7·0 | |April | 92¼ | - ½ „ | - 6·5 | |May | 81⅜ | - ⅝ „ | - 9·1 | |June | 73-11/16 | - ½ „ | - 8·1 | |July | 77 | - ½ „ | - 7·8 | |August | 85-1/16 | - ¼ „ | - 3·5 |