H.

10(512) 2, 1999

April

FOREIGN EXCHANGE RATES FOR THE WEEK ENDING APRIL 2, 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 Apr. 2 *AUSTRALIA 0.6345 BRAZIL 1.7350 CANADA 1.4968 CHINA, P.R. 8.2794 DENMARK 6.8945 *EMU MEMBERS 1.0782 GREECE 302.65 HONG KONG 7.7500 INDIA 42.50 JAPAN 120.60 MALAYSIA 3.8000 MEXICO 9.510 *NEW ZEALAND 0.5335 NORWAY 7.7460 SINGAPORE 1.7320

Mar. 29 0.6323 1.7750 1.5125 8.2797 6.9380 1.0716 304.50 7.7497 42.48 119.78 3.8000 9.514 0.5336 7.7950 1.7331

Mar. 30 0.6270 1.7350 1.5125 8.2800 6.9245 1.0732 303.40 7.7493 42.50 120.10 3.8000 9.540 0.5308 7.7950 1.7330

Mar. 31 0.6340 1.7200 1.5092 8.2800 6.8780 1.0808 301.86 7.7500 42.50 118.43 3.8000 9.521 0.5340 7.7280 1.7275

Apr. 1 0.6354 1.7300 1.5023 8.2796 6.8970 1.0782 301.90 7.7499 42.50 120.19 3.8000 9.518 0.5345 7.7530 1.7295

SOUTH AFRICA 6.1750 SOUTH KOREA 1225.20 SRI LANKA 69.550 SWEDEN 8.2380 SWITZERLAND 1.4810 TAIWAN 33.180 THAILAND 37.730 *UNITED KINGDOM 1.6023 VENEZUELA 583.75

RAND WON RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR

6.2335 1226.20 69.380 8.3450 1.4877 33.200 37.660 1.6140 583.15

6.2150 1230.00 69.450 8.3370 1.4890 33.200 37.670 1.6115 584.00

6.1700 1228.00 69.450 8.2130 1.4775 33.170 37.580 1.6140 583.75

6.1700 1225.00 69.550 8.2465 1.4810 33.200 37.720 1.6063 583.75

MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 117.53 2)MAJOR CURRENCY MAR73=100 95.90 3)OITP JAN97=100 129.95

117.79 96.19 130.09

117.78 96.25 129.97

117.23 95.56 129.79

117.52 95.90 129.93

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