G.

5(405) January 2, 2002

DECEMBER 2001 THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN DECEMBER 2001 TOGETHER WITH COMPARABLE FIGURES FOR OTHER MONTHS. AVERAGES ARE BASED ON DAILY NOON BUYING RATES FOR CABLE TRANSFERS IN NEW YORK CITY CERTIFIED FOR CUSTOMS PURPOSES BY THE FEDERAL RESERVE BANK OF NEW YORK. (Currency units per U.S. dollar

except as noted) MONETARY COUNTRY *AUSTRALIA 0.5466 1.9632 1.5219 8.2771 8.3059 0.8983 379.58 7.7991 46.78 112.21 3.8000 9.467 0.4297 9.0616 BRAZIL CANADA CHINA, P.R. DENMARK *EMU MEMBERS GREECE HONG KONG INDIA JAPAN MALAYSIA MEXICO *NEW ZEALAND NORWAY UNIT DOLLAR REAL DOLLAR YUAN KRONE EURO DRACHMA DOLLAR RUPEE YEN RINGGIT PESO DOLLAR KRONE

2000 December

2001 December 0.5138 2.3635 1.5788 8.2761 8.3526 0.8912 N.A. 7.7989 47.93 127.59 3.8000 9.157 0.4157 8.9713

2001 November 0.5165 2.5481 1.5922 8.2769 8.3832 0.8883 N.A. 7.7996 48.04 122.41 3.8000 9.225 0.4158 8.9296

2001 October 0.5042 2.7408 1.5717 8.2768 8.2186 0.9050 N.A. 7.7999 48.05 121.45 3.8001 9.339 0.4139 8.8329

SINGAPORE 1.7361 7.6439 1216.94 82.030 9.6604 1.6855 33.123 43.246 1.4629 698.85 MEMO: UNITED STATES 1)BROAD 2)MAJOR CURRENCY 3)OITP SOUTH AFRICA SOUTH KOREA SRI LANKA SWEDEN SWITZERLAND TAIWAN THAILAND *UNITED KINGDOM VENEZUELA

DOLLAR RAND WON RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR

1.8382 11.6761 1292.29 93.194 10.5753 1.6566 34.682 43.952 1.4413 753.64

1.8295 9.7388 1282.10 92.670 10.6117 1.6509 34.498 44.411 1.4356 745.10

1.8113 9.2804 1302.36 90.954 10.5661 1.6357 34.583 44.750 1.4501 743.22

123.28 101.26 133.61

DOLLAR JAN97=100 MAR73=100 JAN97=100

127.91 106.19 136.78

127.72 105.55 137.36

127.20 104.27 138.21

This release is available online at http://www.federalreserve.gov/releases/G5. 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 the dollar indexes took effec with the February 1, 2001, release of this report. * 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 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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