H.

10(512) 3, 2003

July

FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JULY 4, 2003 The Board of Governors of the Federal Reserve System is advised that the Federal Reserve Bank of New York has certified for customs purposes the following noon buying rates in New York City for cable transfers payable in foreign currencies: (Rates in currency units per U.S. dollar except as noted) MONETARY UNIT DOLLAR REAL DOLLAR YUAN KRONE EURO DOLLAR RUPEE YEN RINGGIT PESO DOLLAR KRONE DOLLAR RAND WON RUPEE KRONA FRANC DOLLAR

COUNTRY Jul. 4 *AUSTRALIA BRAZIL CANADA CHINA, P.R. DENMARK *EMU MEMBERS HONG KONG INDIA JAPAN MALAYSIA MEXICO *NEW ZEALAND NORWAY SINGAPORE SOUTH AFRICA SOUTH KOREA SRI LANKA SWEDEN SWITZERLAND TAIWAN

Jun. 30 0.6713 2.8620 1.3558 8.2776 6.4610 1.1502 7.7984 46.40 119.87 3.8000 10.455 0.5866 7.2245 1.7608 7.5100 1196.00 97.180 7.9985 1.3519 34.610 42.080 1.6529 1600.00

Jul. 1 0.6760 2.8490 1.3492 8.2775 6.4185 1.1580 7.7984 46.49 119.45 3.8000 10.455 0.5947 7.1410 1.7562 7.4425 1192.00 97.150 7.9660 1.3412 34.580 41.950 1.6626 1600.00

Jul. 2 0.6809 2.8230 1.3368 8.2775 6.4500 1.1524 7.7984 46.36 118.63 3.8000 10.475 0.5958 7.1960 1.7510 7.4140 1187.20 97.100 7.9795 1.3474 34.530 41.890 1.6646 1600.00

Jul. 3 0.6823 2.8330 1.3368 8.2776 6.4671 1.1503 7.7983 46.40 118.24 3.8000 10.435 0.5958 7.1918 1.7520 7.5300 1183.70 97.180 7.9752 1.3465 34.450 41.720 1.6718 1600.00

H

O

L

I

D

A

Y

THAILAND BAHT *UNITED KINGDOM POUND VENEZUELA BOLIVAR

MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 2)MAJOR CURRENCY MAR73=100 3)OITP JAN97=100

118.51 89.53 142.94

118.11 89.05 142.81

117.87 88.79 142.68

117.77 88.74 142.51

This release is available online at http://www.federalreserve.gov/releases/H10. For more information on exchange rate indexes for the U.S. dollar, see "New Summary Measures of the Foreign Exchange Value of the Dollar," Federal Reserve Bulletin, vol. 84 (October 1998), pp. 811-18 (http://www.federalreserve.gov/pubs/bulletin/). Weights for the broad index can be found at http://www.federalreserve.gov/releases/H10/Weights; weights for the major currencies index and the other important trading partners (OITP) index are derived from the broad index weights. The most recent annual revision to the trade weights and dollar indexes took effect with the January 30, 2003 release of this report. * U.S. dollars per currency unit. 1) A weighted average of the foreign exchange value of the U.S. dollar against the currencies of a broad group of major U.S. trading partners. 2) A weighted average of the foreign exchange value of the U.S. dollar against a subset of the broad index currencies that circulate widely outside the country of issue. 3) A weighted average of the foreign exchange value of the U.S. dollar against a subset of the broad index currencies that do not circulate widely outside the country of issue. The euro is reported in place of the individual euro-area currencies. These currency rates can be derived from the dollar/euro rate by using the fixed conversion rates (in currencies per euro) given below: 1 EURO = = = = = = = = = = = = 13.7603 40.3399 5.94573 6.55957 1.95583 .787564 1936.27 40.3399 2.20371 200.482 166.386 340.750 AUSTRIAN SCHILLINGS BELGIAN FRANCS FINNISH MARKKAS FRENCH FRANCS GERMAN MARKS IRISH POUNDS ITALIAN LIRE LUXEMBOURG FRANCS NETHERLANDS GUILDERS PORTUGUESE ESCUDOS SPANISH PESETAS GREEK DRACHMAS

For information about your subscription to this release or about receiving it in document form, please call publication services at Federal Reserve Board at (202) 452-3244.