H.

10(512) 22, 1999

October

FOREIGN EXCHANGE RATES FOR THE WEEK ENDING OCTOBER 22, 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 Oct. 22 *AUSTRALIA 0.6503 BRAZIL 1.9800 CANADA 1.4759 CHINA, P.R. 8.2773 DENMARK 6.9658 *EMU MEMBERS 1.0678 GREECE 309.20 HONG KONG 7.7705 INDIA 43.50 JAPAN 105.81 MALAYSIA 3.8000 MEXICO 9.598 *NEW ZEALAND 0.5156 NORWAY 7.7540 SINGAPORE 1.6660

Oct. 18 0.6440 1.9880 1.4952 8.2774 6.8425 1.0863 303.30 7.7698 43.52 104.93 3.8000 9.733 0.5080 7.7050 1.6768

Oct. 19 0.6486 1.9900 1.4910 8.2773 6.8635 1.0833 303.90 7.7700 43.40 105.50 3.8000 9.673 0.5110 7.7045 1.6745

Oct. 20 0.6463 2.0070 1.4905 8.2774 6.9070 1.0765 306.00 7.7695 43.50 106.16 3.8000 9.615 0.5133 7.7230 1.6748

Oct. 21 0.6470 1.9940 1.4860 8.2772 6.8760 1.0808 305.30 7.7700 43.50 105.96 3.8000 9.648 0.5147 7.7015 1.6700

SOUTH AFRICA 6.1375 SOUTH KOREA 1205.50 SRI LANKA 71.520 SWEDEN 8.1400 SWITZERLAND 1.4975 TAIWAN 31.820 THAILAND 39.140 *UNITED KINGDOM 1.6584 VENEZUELA 631.51

RAND WON RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR

6.1585 1204.00 72.050 8.1650 1.4620 31.820 39.650 1.6720 631.60

6.1375 1206.00 71.690 8.1360 1.4681 31.830 39.500 1.6708 630.81

6.1265 1205.00 71.950 8.1700 1.4790 31.830 39.300 1.6643 632.00

6.1475 1206.00 71.580 8.1210 1.4730 31.830 39.250 1.6765 632.00

MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 115.12 2)MAJOR CURRENCY MAR73=100 92.30 3)OITP JAN97=100 130.26

115.21 91.91 131.25

115.21 92.03 131.01

115.38 92.40 130.76

115.05 92.09 130.49

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. The most recent annual revision to the trade weights has produced revised index values that will appear in the dollar indexes starting November 1, 1999 release. * 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 = = = = = = = = = = = 13.7603 40.3399 5.94573 6.55957 1.95583 .787564 1936.27 40.3399 2.20371 200.482 166.386 AUSTRIAN SCHILLINGS BELGIAN FRANCS FINNISH MARKKAS FRENCH FRANCS GERMAN MARKS IRISH POUNDS ITALIAN LIRE LUXEMBOURG FRANCS NETHERLANDS GUILDERS PORTUGUESE ESCUDOS SPANISH PESETAS