H.

10(512) 28, 2000

July

FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JULY 28, 2000 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 U.S. dollar except as noted) MONETARY UNIT DOLLAR REAL DOLLAR YUAN KRONE EURO DRACHMA DOLLAR RUPEE YEN RINGGIT PESO DOLLAR KRONE DOLLAR

COUNTRY Jul. 28 *AUSTRALIA 0.5872 BRAZIL 1.7860 CANADA 1.4776 CHINA, P.R. 8.2794 DENMARK 8.0660 *EMU MEMBERS 0.9246 GREECE 364.90 HONG KONG 7.7987 INDIA 44.96 JAPAN 109.63 MALAYSIA 3.8000 MEXICO 9.364 *NEW ZEALAND 0.4573 NORWAY 8.8550 SINGAPORE 1.7350

Jul. 24 0.5860 1.7970 1.4639 8.2798 8.0050 0.9314 362.00 7.7960 44.77 108.92 3.8000 9.329 0.4597 8.7840 1.7447

Jul. 25 0.5849 1.7900 1.4653 8.2797 7.9400 0.9391 359.38 7.7971 44.95 109.30 3.8000 9.359 0.4597 8.7195 1.7455

Jul. 26 0.5904 1.7930 1.4665 8.2796 7.9215 0.9413 358.28 7.7981 44.98 109.28 3.8000 9.362 0.4607 8.7050 1.7428

Jul. 27 0.5891 1.7845 1.4713 8.2793 7.9960 0.9331 361.60 7.7975 44.95 109.15 3.8000 9.370 0.4584 8.8070 1.7346

SOUTH AFRICA 6.9750 SOUTH KOREA 1117.00 SRI LANKA 78.400 SWEDEN 9.1600 SWITZERLAND 1.6753 TAIWAN 31.070 THAILAND 41.420 *UNITED KINGDOM 1.5025 VENEZUELA 688.00

RAND WON RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR

6.9550 1114.20 78.440 8.9825 1.6700 31.095 40.760 1.5140 687.00

6.9600 1116.00 78.590 8.9440 1.6528 31.100 40.990 1.5190 687.85

6.9450 1115.60 78.400 8.9460 1.6493 31.080 41.190 1.5154 688.10

6.9420 1115.00 78.400 9.0985 1.6605 31.080 40.920 1.5116 688.65

MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 120.43 2)MAJOR CURRENCY MAR73=100 98.54 3)OITP JAN97=100 131.05

119.83 97.79 130.81

119.79 97.60 131.04

119.78 97.54 131.12

119.99 97.94 130.96

This release is available online at http://www.federalreserve.gov/releases/H10. 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/releases/H10/Weights; 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 appear in the dollar indexes starting with the November 1, 1999, release. * U.S. dollars per currency unit. 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