H.

10(512) 19, 2004

March

FOREIGN EXCHANGE RATES FOR THE WEEK ENDING MARCH 19, 2004 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 Mar. 19 *AUSTRALIA 0.7475 BRAZIL 2.9010 CANADA 1.3310 CHINA, P.R. 8.2772 DENMARK 6.0705 *EMU MEMBERS 1.2269 HONG KONG 7.7932 INDIA 45.20 JAPAN 106.97 MALAYSIA 3.8000 MEXICO 10.989 *NEW ZEALAND 0.6557 NORWAY 6.9170 SINGAPORE 1.6946 SOUTH AFRICA 6.6600

Mar. 15 0.7349 2.9075 1.3322 8.2773 6.0880 1.2243 7.7943 45.25 110.48 3.8000 10.975 0.6435 6.9360 1.7080 6.6925

Mar. 16 0.7411 2.9020 1.3333 8.2773 6.0755 1.2270 7.7920 45.22 108.95 3.8000 11.066 0.6497 6.8900 1.7010 6.7120

Mar. 17 0.7392 2.9130 1.3419 8.2774 6.1075 1.2197 7.7912 45.27 108.18 3.8000 10.983 0.6480 6.9390 1.6997 6.7600

Mar. 18 0.7522 2.9200 1.3290 8.2768 6.0070 1.2392 7.7925 45.25 106.60 3.8000 11.114 0.6578 6.8809 1.6883 6.6600

SOUTH KOREA 1157.00 SRI LANKA 97.900 SWEDEN 7.5244 SWITZERLAND 1.2710 TAIWAN 33.220 THAILAND 39.440 *UNITED KINGDOM 1.8270 VENEZUELA 1920.00

WON RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR

1175.50 97.750 7.5520 1.2785 33.400 39.500 1.7993 1920.00

1171.00 97.650 7.5360 1.2800 33.310 39.500 1.8105 1920.00

1167.00 97.850 7.5730 1.2836 33.250 39.530 1.8132 1920.00

1158.00 97.850 7.4760 1.2572 33.130 39.400 1.8363 1920.00

MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 114.01 2)MAJOR CURRENCY MAR73=100 86.25 3)OITP JAN97=100 142.92

114.73 87.08 143.23

114.52 86.72 143.38

114.57 86.95 143.07

113.79 85.77 143.27

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 in early December 2003, and is reflected in the December 22, 2003 release of this weekly report. The source for exchange rates not listed in the table above but used in the calculation of the broad and OITP indexes is Reuters Limited. * 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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