Lyapunov exponents represent important quantities to characterize the prope
rties of dynamical systems. We show that the Lyapunov exponents of two diff
erent dynamical systems that can be converted to each other by a transforma
tion of variables are identical. Moreover, we derive sufficient conditions
on the transformation for this invariance properly to hold. In particular,
it turns out that the transformation need not necessarily be globally inver
tible. (C) 2001 Elsevier Science Ltd. All rights reserved.