H.

10(512) 2, 2004

April

FOREIGN EXCHANGE RATES FOR THE WEEK ENDING APRIL 2, 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 Apr. 2 *AUSTRALIA 0.7584 BRAZIL 2.8985 CANADA 1.3140 CHINA, P.R. 8.2769 DENMARK 6.1500 *EMU MEMBERS 1.2109 HONG KONG 7.7870 INDIA 43.75 JAPAN 104.55 MALAYSIA 3.8000 MEXICO 11.172 *NEW ZEALAND 0.6583 NORWAY 6.9310 SINGAPORE 1.6750 SOUTH AFRICA 6.4120

Mar. 29 0.7484 2.9390 1.3097 8.2771 6.1295 1.2141 7.7975 44.00 105.52 3.8000 11.160 0.6529 6.9440 1.6890 6.4000

Mar. 30 0.7531 2.9190 1.3080 8.2771 6.1000 1.2202 7.7963 44.07 105.61 3.8000 11.229 0.6568 6.9010 1.6836 6.3350

Mar. 31 0.7620 2.9070 1.3100 8.2770 6.0575 1.2292 7.7930 43.40 104.18 3.8000 11.183 0.6650 6.8600 1.6750 6.3235

Apr. 1 0.7671 2.8925 1.3101 8.2769 6.0255 1.2358 7.7883 43.40 103.70 3.8000 11.182 0.6678 6.8200 1.6720 6.3450

SOUTH KOREA 1141.80 SRI LANKA 97.850 SWEDEN 7.6160 SWITZERLAND 1.2932 TAIWAN 33.000 THAILAND 39.190 *UNITED KINGDOM 1.8293 VENEZUELA 1920.00

WON RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR

1157.80 97.750 7.6305 1.2872 33.150 39.620 1.8163 1920.00

1154.00 97.490 7.5920 1.2790 33.090 39.600 1.8283 1920.00

1146.70 97.850 7.5500 1.2677 33.000 39.280 1.8400 1920.00

1141.40 98.000 7.4650 1.2627 32.890 39.160 1.8564 1920.00

MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 113.81 2)MAJOR CURRENCY MAR73=100 85.92 3)OITP JAN97=100 143.03

114.04 86.00 143.51

113.89 85.75 143.60

113.35 85.24 143.15

113.04 84.89 142.99

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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