H.

10(512) 15, 2005

July

FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JULY 15, 2005 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. 15 *AUSTRALIA 0.7488 BRAZIL 2.3384 CANADA 1.2206 CHINA, P.R. 8.2765 DENMARK 6.1972 *EMU MEMBERS 1.2037 HONG KONG 7.7772 INDIA 43.45 JAPAN 112.32 MALAYSIA 3.8000 MEXICO 10.618 *NEW ZEALAND 0.6737 NORWAY 6.6003 SINGAPORE 1.6875 SOUTH AFRICA 6.6450

Jul. 11 0.7478 2.3455 1.2115 8.2765 6.1790 1.2066 7.7776 43.51 111.76 3.8000 10.701 0.6789 6.5475 1.6949 6.7350

Jul. 12 0.7559 2.3353 1.2048 8.2765 6.1139 1.2200 7.7787 43.45 110.94 3.8000 10.689 0.6847 6.4774 1.6860 6.5345

Jul. 13 0.7478 2.3455 1.2073 8.2765 6.1696 1.2090 7.7792 43.46 112.08 3.8000 10.692 0.6714 6.5280 1.6924 6.6700

Jul. 14 0.7518 2.3370 1.2071 8.2765 6.1698 1.2089 7.7773 43.48 112.14 3.8000 10.636 0.6760 6.5554 1.6890 6.6200

SOUTH KOREA 1038.00 SRI LANKA 100.500 SWEDEN 7.8077 SWITZERLAND 1.2962 TAIWAN 31.950 THAILAND 41.780 *UNITED KINGDOM 1.7533 VENEZUELA 2144.60

WON RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR

1040.50 100.090 7.8465 1.2886 31.930 41.990 1.7563 2144.60

1035.00 100.080 7.7225 1.2754 31.820 41.730 1.7753 2144.60

1040.00 99.750 7.7584 1.2900 31.880 41.890 1.7554 2144.60

1032.00 100.400 7.7762 1.2899 31.930 41.850 1.7585 2144.60

MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 112.21 2)MAJOR CURRENCY MAR73=100 85.80 3)OITP JAN97=100 138.71

112.08 85.44 139.06

111.46 84.69 138.81

111.98 85.32 139.00

111.86 85.31 138.70

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 February 2005, and is reflected in the February 7, 2005 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

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.