Macedonia, The Former Yugoslav Republic of:
Macedonian denars per US
dollar - 64.757 (January 2001), 65.904 (2000), 56.902 (1999), 54.462
(1998), 50.004 (1997), 39.981 (1996)

Madagascar:
Malagasy francs per US dollar - 6,656.3 (November 2000),
6,283.8 (1999), 5,441.4 (1998), 5,090.9 (1997), 4,061.3 (1996)

Malawi:
Malawian kwachas per US dollar - 80.0946 (December 2000),
59.5438 (2000), 44.0881 (1999), 31.0727 (1998), 16.4442 (1997),
15.3085 (1996)

Malaysia:
ringgits per US dollar - 3.8000 (January 2001), 3.8000
(2000), 3.8000 (1999), 3.9244 (1998), 2.8133 (1997), 2.5159 (1996)

Maldives:
rufiyaa per US dollar - 11.770 (fixed rate since 1995)

Mali:
Communaute Financiere Africaine francs (XOF) per US dollar -
699.21 (January 2001), 711.98 (2000), 615.70 (1999), 589.95 (1998),
583.67 (1997), 511.55 (1996); note - from 1 January 1999, the XOF is
pegged to the euro at a rate of 655.957 XOF per euro

Malta:
Maltese liri per US dollar - 0.4370 (January 2001), 0.4376
(2000), 0.3994 (1999), 0.3885 (1998), 0.3857 (1997), 0.3604 (1996)

Man, Isle of:
Manx pounds per US dollar - 0.6764 (January 2001),
0.6596 (2000), 0.6180 (1999), 0.6037 (1998), 0.6106 (1997), 0.6403
(1996); the Manx pound is at par with the British pound

Marshall Islands:
the US dollar is used

Martinique:
euros per US dollar - 1.0659 (January 2001), 1.0854
(2000), 0.9386 (1999); French francs per US dollar - 5.8995 (1998),
5.8367 (1997), 5.1155 (1996)