H.

10(512)
4, 1998

December

FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING DECEMBER 4, 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
Dec. 4
*AUSTRALIA
0.6175
AUSTRIA
11.810
BELGIUM
34.64
BRAZIL
1.2022
CANADA
1.5350
CHINA,P.R.
8.2777
DENMARK
6.3770
*EURO COMMUNITY
1.1700
FINLAND
5.1000
FRANCE
5.6265
GERMANY
1.6794
GREECE
282.30
HONG KONG
7.7472
INDIA
42.58
*IRELAND
1.4800

MONETARY
UNIT
DOLLAR

Nov. 30
0.6280

Dec. 1
0.6305

Dec. 2
0.6310

Dec. 3
0.6245

SCHILLING

11.936

11.822

11.756

11.764

FRANC

34.99

34.67

34.47

34.50

REAL

1.2010

1.2016

1.2020

1.2024

DOLLAR

1.5235

1.5330

1.5368

1.5338

YUAN

8.2782

8.2782

8.2780

8.2779

KRONE

6.4475

6.3925

6.3585

6.3610

ECU

1.1573

1.1675

1.1736

1.1732

MARKKA

5.1650

5.1095

5.0855

5.0870

FRANC

5.6890

5.6342

5.6044

5.6094

D. MARK

1.6966

1.6808

1.6720

1.6725

DRACHMA
DOLLAR
RUPEE
POUND

284.55
7.7430
42.65
1.4640

283.28
7.7455
42.61
1.4778

281.30
7.7465
42.61
1.4864

281.18
7.7465
42.56
1.4850

ITALY
1661.30
JAPAN
119.35
MALAYSIA
3.8000
MEXICO
9.995
NETHERLANDS
1.8912
*NEW ZEALAND
0.5213
NORWAY
7.4475
PORTUGAL
172.09
SINGAPORE
1.6585
SOUTH AFRICA
5.8950
SOUTH KOREA
1217.00
SPAIN
142.780
SRI LANKA
68.100
SWEDEN
8.0900
SWITZERLAND
1.3710
TAIWAN
32.400
THAILAND
35.980
*UNITED KINGDOM
1.6615
VENEZUELA
575.70
MEMO:
UNITED STATES
1)BROAD
115.05
2)MAJOR CURRENCY
93.93
3)OITP
127.10
4)G-10
95.20

LIRA
YEN
RINGGIT
PESO

1679.25

1664.00

1654.75

1655.60

123.21

122.20

120.17

118.79

3.8000
10.005

3.8000
10.027

3.8000

3.8000

9.970

9.993

GUILDER

1.9124

1.8949

1.8840

1.8845

DOLLAR

0.5270

0.5245

0.5275

0.5232

KRONE

7.4850

7.4425

7.4325

7.4275

ESCUDO

173.92

172.41

171.50

171.48

DOLLAR

1.6500

1.6455

1.6470

1.6460

RAND

5.6950

5.6650

5.6575

5.7350

WON
PESETA
RUPEE

1247.00

1246.00

1240.00

1230.00

144.230

143.040

142.270

142.250

67.950

67.940

68.000

68.000

KRONA

8.1350

8.1225

8.0650

8.0420

FRANC

1.3963

1.3783

1.3700

1.3667

DOLLAR

32.500

32.500

32.470

32.550

BAHT

36.150

36.200

36.150

35.950

POUND

1.6485

1.6540

1.6625

1.6645

BOLIVAR

572.85

573.70

574.25

575.15

DOLLAR
JAN97=100

115.65

115.40

114.98

114.79

MAR73=100

94.85

94.50

93.95

93.64

JAN97=100

126.98

126.99

126.88

126.96

MAR73=100

96.31

95.65

95.05

94.88

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.