H.

10(512)
27, 1998

November

FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING NOVEMBER 27, 1998
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 DOLLAR)

COUNTRY
Nov. 27
*AUSTRALIA
0.6339
AUSTRIA
12.062
BELGIUM
35.37
BRAZIL
1.2005
CANADA
1.5366
CHINA,P.R.
8.2782
DENMARK
6.5115
*EURO COMMUNITY
1.1467
FINLAND
5.2010
FRANCE
5.7480
GERMANY
1.7132
GREECE
287.49
HONG KONG
7.7435
INDIA
42.60
*IRELAND
1.4500

MONETARY
UNIT
DOLLAR

Nov. 23
0.6410

Nov. 24
0.6417

Nov. 25
0.6400

SCHILLING

12.000

12.015

11.990

FRANC

35.21

35.22

35.16

REAL

1.1973

1.1985

1.1980

DOLLAR

1.5472

1.5486

1.5440

YUAN

8.2777

8.2778

8.2777

KRONE

6.4860

6.4910

6.4790

ECU

1.1530

1.1520

1.1550

MARKKA

5.1875

5.1920

5.1825

FRANC

5.7200

5.7235

5.7140

D. MARK

1.7057

1.7072

1.7036

DRACHMA
DOLLAR
RUPEE
POUND

286.30
7.7430
42.44
1.4590

286.53
7.7435
42.48
1.4555

Nov. 26

H

285.90
7.7425
42.43
1.4625

O

ITALY
1696.90
JAPAN
123.24
MALAYSIA
3.7997
MEXICO
9.969
NETHERLANDS
1.9318
*NEW ZEALAND
0.5285
NORWAY
7.5545
PORTUGAL
175.68
SINGAPORE
1.6495
SOUTH AFRICA
5.7100
SOUTH KOREA
1248.00
SPAIN
145.720
SRI LANKA
67.900
SWEDEN
8.1750
SWITZERLAND
1.4152
TAIWAN
32.550
THAILAND
36.100
*UNITED KINGDOM
1.6522
VENEZUELA
571.52
MEMO:
UNITED STATES
1)BROAD
115.93
2)MAJOR CURRENCY
95.39
3)OITP
126.75
4)G-10
96.99

LIRA
YEN

1688.80

1689.50

1686.80

120.93

120.85

121.80

RINGGIT

3.8000

3.8003

3.8000

PESO

9.875

9.930

9.933

GUILDER

1.9235

1.9249

1.9213

DOLLAR

0.5325

0.5338

0.5315

KRONE

7.4925

7.4970

7.5070

ESCUDO

175.00

175.15

174.87

DOLLAR

1.6365

1.6370

1.6400

RAND

5.6675

5.7000

5.6850

WON
PESETA
RUPEE

1248.00

1260.00

1255.00

145.000

145.180

144.930

67.800

67.920

67.920

KRONA

8.1172

8.0920

8.2070

FRANC

1.4066

1.4090

1.4075

DOLLAR

32.500

32.550

32.550

BAHT

36.350

36.200

36.150

POUND

1.6540

1.6582

L

I

D

A

Y

1.6613

BOLIVAR

570.25

570.75

571.80

DOLLAR
JAN97=100

115.54

115.63

115.63

MAR73=100

94.94

94.95

95.01

JAN97=100

126.57

126.78

126.68

MAR73=100

96.49

96.49

96.49

This release is available online at http://www.federalreserve.gov/release/.
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/) and "Index of the
Weighted-Average

Exchange Value of the U.S. Dollar: Revision," Federal Reserve Bulletin, vol. 64
(August 1978),
p. 700. Weights for broad index can be found at http://www.federalreserve.gov/;
weights for
the major currencies index and the other important trading partners (OITP) index
are derived
from the broad index weights.
* Value is U.S. dollars.
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.
4) A weighted average of the foreign exchange value of the U.S. dollar against
the currencies
of the other G-10 countries. We will discontinue publication of this series after
December 1998.
For information about your subscription to this release or about receiving it in
document form,
please call publication services at Federal Reserve Board at (202) 452-3244.