H.

10(512) 30, 2004

July

FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JULY 30, 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. 30 *AUSTRALIA 0.7035 BRAZIL 3.0275 CANADA 1.3296 CHINA, P.R. 8.2769 DENMARK 6.1844 *EMU MEMBERS 1.2032 HONG KONG 7.7999 INDIA 46.40 JAPAN 111.39 MALAYSIA 3.8000 MEXICO 11.410 *NEW ZEALAND 0.6360 NORWAY 7.0090 SINGAPORE 1.7197 SOUTH AFRICA 6.2725

Jul. 26 0.7090 3.0720 1.3320 8.2767 6.1275 1.2135 7.8000 46.28 110.08 3.8000 11.483 0.6372 6.9825 1.7222 6.2475

Jul. 27 0.7006 3.0630 1.3353 8.2767 6.1700 1.2056 7.8008 46.25 111.09 3.8000 11.513 0.6275 7.0520 1.7255 6.3410

Jul. 28 0.6980 3.0540 1.3309 8.2768 6.1700 1.2046 7.8000 46.30 111.78 3.8000 11.478 0.6277 7.0060 1.7291 6.2700

Jul. 29 0.6994 3.0330 1.3259 8.2769 6.1610 1.2070 7.7998 46.45 111.88 3.8000 11.439 0.6337 7.0160 1.7260 6.2700

SOUTH KOREA 1170.00 SRI LANKA 103.700 SWEDEN 7.6805 SWITZERLAND 1.2796 TAIWAN 34.040 THAILAND 41.390 *UNITED KINGDOM 1.8183 VENEZUELA 1920.00

WON RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR

1162.00 103.400 7.5825 1.2634 34.150 41.240 1.8393 1920.00

1166.00 103.600 7.6370 1.2750 34.050 41.430 1.8219 1920.00

1168.00 103.350 7.6560 1.2761 34.000 41.500 1.8222 1920.00

1168.40 103.600 7.6545 1.2754 34.090 41.480 1.8174 1920.00

MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 116.06 2)MAJOR CURRENCY MAR73=100 87.71 3)OITP JAN97=100 145.67

115.74 87.14 145.93

116.18 87.69 146.04

116.19 87.75 145.95

116.05 87.63 145.82

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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