H.

10(512) 2, 2004

July

FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JULY 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 Jul. 2 *AUSTRALIA 0.7125 BRAZIL 3.0410 CANADA 1.3254 CHINA, P.R. 8.2766 DENMARK 6.0425 *EMU MEMBERS 1.2307 HONG KONG 7.7999 INDIA 45.75 JAPAN 108.60 MALAYSIA 3.8000 MEXICO 11.473 *NEW ZEALAND 0.6468 NORWAY 6.9218 SINGAPORE 1.7123 SOUTH AFRICA 6.1125

Jun. 28 0.6998 3.1375 1.3435 8.2766 6.0960 1.2193 7.7990 45.99 107.95 3.8000 11.423 0.6412 6.8190 1.7095 6.1650

Jun. 29 0.6908 3.1200 1.3465 8.2766 6.1321 1.2124 7.7998 46.05 108.18 3.8000 11.525 0.6325 6.9038 1.7157 6.2475

Jun. 30 0.6952 3.1050 1.3407 8.2766 6.1030 1.2179 7.8000 45.99 109.43 3.8000 11.538 0.6322 6.9380 1.7230 6.2275

Jul. 1 0.7036 3.0830 1.3325 8.2767 6.1140 1.2158 7.8000 45.88 108.24 3.8000 11.506 0.6400 6.9715 1.7155 6.2450

SOUTH KOREA 1155.20 SRI LANKA 102.400 SWEDEN 7.4660 SWITZERLAND 1.2336 TAIWAN 33.620 THAILAND 40.700 *UNITED KINGDOM 1.8300 VENEZUELA 1920.00

WON RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR

1153.00 102.400 7.4990 1.2482 33.650 40.900 1.8294 1920.00

1152.00 102.350 7.5325 1.2615 33.690 40.920 1.8090 1920.00

1156.00 102.400 7.5250 1.2520 33.660 40.910 1.8126 1920.00

1153.00 102.400 7.5460 1.2509 33.600 40.830 1.8160 1920.00

MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 114.94 2)MAJOR CURRENCY MAR73=100 86.32 3)OITP JAN97=100 145.40

115.45 86.91 145.59

115.87 87.32 145.93

115.82 87.23 145.98

115.46 86.89 145.66

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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