H.

10(512) 9, 2004

July

FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JULY 9, 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 D I L O H

COUNTRY Jul. 9 *AUSTRALIA 0.7226 BRAZIL 3.0440 CANADA 1.3207 CHINA, P.R. 8.2769 DENMARK 6.0020 *EMU MEMBERS 1.2388 HONG KONG 7.8000 INDIA 45.66 JAPAN 108.21 MALAYSIA 3.8000 MEXICO 11.510 *NEW ZEALAND 0.6580 NORWAY 6.8325 SINGAPORE 1.7010 SOUTH AFRICA 6.1150

Jul. 5

Jul. 6 0.7148 3.0435 1.3261 8.2768 6.0488 1.2290 7.7990 46.05 109.24 3.8000 11.494 0.6502 6.8754 1.7162 6.2550

Jul. 7 0.7232 3.0300 1.3196 8.2768 6.0040 1.2384 7.7994 45.84 108.38 3.8000 11.463 0.6566 6.8070 1.7065 6.1063

Jul. 8 0.7221 3.0430 1.3164 8.2769 6.0000 1.2390 7.8000 45.75 108.76 3.8000 11.535 0.6570 6.8430 1.7075 6.0626

SOUTH KOREA 1149.60 SRI LANKA 102.850 SWEDEN 7.4276 SWITZERLAND 1.2258 TAIWAN 33.620 THAILAND 40.800 *UNITED KINGDOM 1.8555 VENEZUELA 1920.00

WON RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR Y A

1155.00 102.600 7.4761 1.2345 33.610 40.790 1.8423 1920.00

1152.20 102.900 7.4150 1.2264 33.580 40.760 1.8571 1920.00

1151.00 102.900 7.4130 1.2247 33.600 40.800 1.8566 1920.00

MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 114.56 2)MAJOR CURRENCY MAR73=100 85.81 3)OITP JAN97=100 145.35

115.04 86.42 145.47

114.52 85.81 145.24

114.59 85.80 145.47

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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