H.

10(512) 25, 2003

July

FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JULY 25, 2003 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 DOLLAR RUPEE YEN RINGGIT PESO DOLLAR KRONE DOLLAR RAND

COUNTRY Jul. 25 *AUSTRALIA 0.6642 BRAZIL 2.8935 CANADA 1.3813 CHINA, P.R. 8.2776 DENMARK 6.4568 *EMU MEMBERS 1.1513 HONG KONG 7.7997 INDIA 46.15 JAPAN 118.82 MALAYSIA 3.8000 MEXICO 10.520 *NEW ZEALAND 0.5882 NORWAY 7.1324 SINGAPORE 1.7470 SOUTH AFRICA 7.4250

Jul. 21 0.6518 2.8845 1.4052 8.2768 6.5525 1.1346 7.7995 46.27 118.35 3.8000 10.424 0.5744 7.3600 1.7570 7.6500

Jul. 22 0.6505 2.8810 1.4106 8.2770 6.5620 1.1325 7.7993 46.15 119.34 3.8000 10.438 0.5750 7.3700 1.7580 7.5900

Jul. 23 0.6597 2.8980 1.3990 8.2771 6.4720 1.1484 7.7994 46.16 118.77 3.8000 10.530 0.5811 7.2220 1.7528 7.4950

Jul. 24 0.6648 2.8850 1.3964 8.2772 6.4986 1.1441 7.7994 46.15 119.25 3.8000 10.528 0.5867 7.2245 1.7510 7.5200

SOUTH KOREA 1180.20 SRI LANKA 97.160 SWEDEN 7.9930 SWITZERLAND 1.3430 TAIWAN 34.370 THAILAND 41.970 *UNITED KINGDOM 1.6198 VENEZUELA 1600.00

WON RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR

1178.60 97.150 8.1750 1.3551 34.410 41.720 1.6010 1600.00

1183.00 97.150 8.1950 1.3623 34.410 41.880 1.5978 1600.00

1180.90 97.150 8.0240 1.3460 34.400 42.050 1.6090 1600.00

1179.90 97.160 8.0516 1.3517 34.370 41.930 1.6110 1600.00

MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 118.92 2)MAJOR CURRENCY MAR73=100 90.00 3)OITP JAN97=100 143.14

119.49 91.00 142.72

119.80 91.37 142.85

119.32 90.49 143.25

119.38 90.62 143.18

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/). Weights for the 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 and dollar indexes took effect with the January 30, 2003 release of this report. * 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. The euro is reported in place of the individual euro-area currencies. These currency rates can be derived from the dollar/euro rate by using the fixed conversion rates (in

currencies per euro) given below: 1 EURO = = = = = = = = = = = = 13.7603 40.3399 5.94573 6.55957 1.95583 .787564 1936.27 40.3399 2.20371 200.482 166.386 340.750 AUSTRIAN SCHILLINGS BELGIAN FRANCS FINNISH MARKKAS FRENCH FRANCS GERMAN MARKS IRISH POUNDS ITALIAN LIRE LUXEMBOURG FRANCS NETHERLANDS GUILDERS PORTUGUESE ESCUDOS SPANISH PESETAS GREEK DRACHMAS

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