H.

10(512) 22, 2005

July

FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JULY 22, 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. 22 *AUSTRALIA 0.7661 BRAZIL 2.3773 CANADA 1.2180 CHINA, P.R. 8.1111 DENMARK 6.1756 *EMU MEMBERS 1.2079 HONG KONG 7.7733 INDIA 43.40 JAPAN 110.98 MALAYSIA 3.7825 MEXICO 10.631 *NEW ZEALAND 0.6870 NORWAY 6.5831 SINGAPORE 1.6584 SOUTH AFRICA 6.6350

Jul. 18 0.7541 2.3265 1.2154 8.2765 6.1752 1.2077 7.7760 43.47 111.62 3.8000 10.586 0.6785 6.6129 1.6848 6.6650

Jul. 19 0.7492 2.3420 1.2186 8.2765 6.2147 1.2001 7.7770 43.48 112.95 3.8000 10.620 0.6740 6.6738 1.6910 6.7150

Jul. 20 0.7540 2.3575 1.2218 8.2765 6.1924 1.2046 7.7777 43.46 113.42 3.8000 10.657 0.6743 6.6158 1.6890 6.6755

Jul. 21 0.7630 2.3500 1.2177 8.2765 6.1631 1.2113 7.7685 43.05 110.47 3.8000 10.591 0.6845 6.5706 1.6535 6.5830

SOUTH KOREA 1018.50 SRI LANKA 100.350 SWEDEN 7.8187 SWITZERLAND 1.2951 TAIWAN 31.610 THAILAND 41.360 *UNITED KINGDOM 1.7413 VENEZUELA 2144.60

WON RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR

1032.50 100.310 7.7829 1.2916 31.870 41.720 1.7523 2144.60

1043.50 100.200 7.8437 1.3035 32.000 41.950 1.7364 2144.60

1043.50 100.400 7.8461 1.2971 31.890 42.120 1.7303 2144.60

1035.00 100.330 7.8070 1.2887 31.940 41.320 1.7471 2144.60

MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 111.55 2)MAJOR CURRENCY MAR73=100 85.45 3)OITP JAN97=100 137.58

111.89 85.46 138.48

112.43 86.03 138.83

112.50 86.07 138.97

111.70 85.26 138.37

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.