H.

10(512) 26, 1999

March

FOREIGN EXCHANGE RATES FOR THE WEEK ENDING MARCH 26, 1999 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) MONETARY UNIT DOLLAR REAL DOLLAR YUAN KRONE EURO DRACHMA DOLLAR RUPEE YEN RINGGIT PESO DOLLAR KRONE DOLLAR

COUNTRY Mar. 26 *AUSTRALIA 0.6352 BRAZIL 1.7700 CANADA 1.5135 CHINA, P.R. 8.2800 DENMARK 6.9220 *EMU MEMBERS 1.0743 GREECE 302.40 HONG KONG 7.7495 INDIA 42.50 JAPAN 120.30 MALAYSIA 3.8000 MEXICO 9.590 *NEW ZEALAND 0.5360 NORWAY 7.8030 SINGAPORE 1.7355

Mar. 22 0.6336 1.8700 1.5078 8.2792 6.8159 1.0915 294.80 7.7495 42.50 118.14 3.8000 9.715 0.5334 7.7460 1.7297

Mar. 23 0.6382 1.8550 1.5065 8.2795 6.8145 1.0918 295.50 7.7490 42.50 118.02 3.8000 9.670 0.5365 7.7440 1.7315

Mar. 24 0.6394 1.8450 1.5040 8.2796 6.8070 1.0921 297.25 7.7492 42.50 117.35 3.8000 9.688 0.5404 7.7500 1.7253

Mar. 25 0.6363 1.8050 1.5105 8.2798 6.8390 1.0871 298.00 7.7495 42.50 118.05 3.8000 9.645 0.5373 7.7670 1.7272

SOUTH AFRICA 6.2650 SOUTH KOREA 1223.70 SRI LANKA 69.370 SWEDEN 8.3350 SWITZERLAND 1.4845 TAIWAN 33.180 THAILAND 37.685 *UNITED KINGDOM 1.6205 VENEZUELA 584.01

RAND WON RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR

6.1750 1224.00 69.520 8.1980 1.4640 33.130 37.590 1.6280 581.30

6.2400 1226.50 69.520 8.1980 1.4586 33.150 37.530 1.6372 582.25

6.2025 1224.40 69.400 8.2500 1.4575 33.150 37.600 1.6410 583.50

6.2050 1225.00 69.400 8.2580 1.4681 33.175 37.650 1.6314 584.76

MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 117.94 2)MAJOR CURRENCY MAR73=100 96.19 3)OITP JAN97=100 130.48

117.32 95.11 130.83

117.18 94.98 130.70

117.08 94.77 130.83

117.40 95.24 130.79

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. 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. As of the January 11, 1999 release, the euro is reported in place of the individual euro-area currencies. These currency rates can be derived from the euro rate by using the fixed conversion rates (in currencies per euro) given below: 1 EUR = = = = = = = = = = = 40.3399 1.95583 166.386 6.55957 .787564 1936.27 40.3399 2.20371 13.7603 200.482 5.94573 BELGIAN FRANCS GERMAN MARKS SPANISH PESETAS FRENCH FRANCS IRISH POUNDS ITALIAN LIRE LUXEMBOURG FRANCS DUTCH GUILDERS AUSTRIAN SCHILLINGS PORTUGUESE ESCUDOS FINNISH MARKKAS