H.

10(512) 23, 2004

July

FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JULY 23, 2004 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. 23 *AUSTRALIA 0.7102 BRAZIL 3.0455 CANADA 1.3219 CHINA, P.R. 8.2766 DENMARK 6.1350 *EMU MEMBERS 1.2122 HONG KONG 7.8005 INDIA 46.35 JAPAN 110.11 MALAYSIA 3.8000 MEXICO 11.439 *NEW ZEALAND 0.6360 NORWAY 7.0135 SINGAPORE 1.7259 SOUTH AFRICA 6.2250

Jul. 19 0.7334 2.9980 1.3082 8.2766 5.9820 1.2431 7.8000 46.11 108.28 3.8000 11.379 0.6591 6.8250 1.6997 5.9050

Jul. 20 0.7313 3.0025 1.3099 8.2767 6.0080 1.2377 7.8002 46.10 108.38 3.8000 11.401 0.6571 6.8660 1.7039 5.9700

Jul. 21 0.7131 3.0435 1.3242 8.2766 6.0850 1.2224 7.8000 46.13 110.10 3.8000 11.466 0.6377 6.9350 1.7160 6.0950

Jul. 22 0.7152 3.0430 1.3136 8.2766 6.0580 1.2273 7.8000 46.30 109.68 3.8000 11.446 0.6428 6.9160 1.7169 6.0700

SOUTH KOREA 1166.60 SRI LANKA 102.950 SWEDEN 7.5870 SWITZERLAND 1.2632 TAIWAN 33.965 THAILAND 41.150 *UNITED KINGDOM 1.8321 VENEZUELA 1920.00

WON RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR

1157.70 103.030 7.3990 1.2281 33.840 40.780 1.8734 1920.00

1160.60 102.880 7.4390 1.2381 33.870 40.830 1.8556 1920.00

1158.60 102.700 7.5175 1.2549 33.835 41.090 1.8354 1920.00

1162.60 102.700 7.4940 1.2461 33.850 41.080 1.8470 1920.00

MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 115.55 2)MAJOR CURRENCY MAR73=100 87.01 3)OITP JAN97=100 145.68

114.10 85.37 144.99

114.37 85.65 145.15

115.31 86.75 145.52

114.96 86.28 145.52

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 in early December 2003, and is reflected in the December 22, 2003 release of this weekly report. The source for exchange rates not listed in the table above but used in the calculation of the broad and OITP indexes is Reuters Limited. * 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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