H.

10(512) 18, 2003

July

FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JULY 18, 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

COUNTRY Jul. 18 *AUSTRALIA 0.6454 BRAZIL 2.8700 CANADA 1.4114 CHINA, P.R. 8.2770 DENMARK 6.6135 *EMU MEMBERS 1.1239 HONG KONG 7.7950 INDIA 46.29 JAPAN 118.40 MALAYSIA 3.8000 MEXICO 10.380 *NEW ZEALAND 0.5728 NORWAY 7.4024 SINGAPORE 1.7612 SOUTH AFRICA 7.7050

Jul. 14 0.6600 2.8790 1.3739 8.2771 6.5850 1.1298 7.7998 46.06 117.54 3.8000 10.385 0.5903 7.3775 1.7560 7.5800

Jul. 15 0.6518 2.8400 1.3927 8.2772 6.6190 1.1233 7.7995 46.13 117.24 3.8000 10.430 0.5831 7.4293 1.7553 7.6600

Jul. 16 0.6565 2.8640 1.3874 8.2770 6.6285 1.1209 7.7998 46.23 118.24 3.8000 10.392 0.5855 7.4360 1.7575 7.8000

Jul. 17 0.6517 2.8600 1.3973 8.2771 6.6600 1.1164 7.7997 46.23 118.87 3.8000 10.339 0.5820 7.4900 1.7622 7.7350

SOUTH KOREA 1181.00 SRI LANKA 97.150 SWEDEN 8.2328 SWITZERLAND 1.3673 TAIWAN 34.410 THAILAND 41.760 *UNITED KINGDOM 1.5867 VENEZUELA 1600.00

WON RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR

1176.30 97.140 8.0850 1.3722 34.350 41.630 1.6238 1600.00

1180.00 97.130 8.1500 1.3818 34.350 41.500 1.5986 1600.00

1180.00 97.150 8.1820 1.3760 34.410 41.650 1.5952 1600.00

1180.00 97.150 8.2675 1.3772 34.410 41.720 1.5893 1600.00

MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 119.84 2)MAJOR CURRENCY MAR73=100 91.54 3)OITP JAN97=100 142.64

118.83 90.25 142.42

119.35 90.92 142.53

119.44 91.04 142.54

119.73 91.52 142.40

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

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