H.

10(512)
31, 1998

December

FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING JANUARY 1, 1999
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 DOLLAR)

COUNTRY
Jan. 1
*AUSTRALIA
AUSTRIA
BELGIUM
BRAZIL
CANADA
CHINA,P.R.
DENMARK
*EURO COMMUNITY
FINLAND
FRANCE
GERMANY
H

GREECE
HONG KONG
INDIA

O

*IRELAND
ITALY
JAPAN

L

MALAYSIA
MEXICO
NETHERLANDS

I

*NEW ZEALAND
NORWAY
PORTUGAL

D

SINGAPORE
SOUTH AFRICA

MONETARY
UNIT
DOLLAR
SCHILLING
FRANC
REAL
DOLLAR
YUAN
KRONE
ECU
MARKKA
FRANC
D. MARK

Dec. 28

Dec. 29

Dec. 30

Dec. 31

0.6070
11.822
34.63
1.2080
1.5525
8.2782
6.3935
1.1698
5.1085
5.6310
1.6793

0.6114
11.747
34.44
1.2080
1.5520
8.2786
6.3580
1.1753
5.0765
5.5990
1.6707

0.6129
11.802
34.53
1.2082
1.5492
8.2787
6.3795
1.1682
5.0910
5.6155
1.6765

0.6123
11.720
34.36
1.2085
1.5375
8.2789
6.3625
1.1739
5.0645
5.5870
1.6670

282.25
7.7465
42.58

280.86
7.7485
42.60

283.10
7.7480
42.58

279.90
7.7476
42.52

1.4790
1663.00
115.88

1.4865
1654.00
115.42

1.4810
1659.80
114.88

1.4905
1654.00
113.08

3.8000
9.845
1.8930

3.8000
9.860
1.8820

3.8000
9.940
1.8892

3.8000
9.901
1.8770

DOLLAR
KRONE
ESCUDO

0.5200
7.6550
172.30

0.5243
7.6010
171.29

0.5262
7.5980
171.86

0.5270
7.5800
170.65

DOLLAR
RAND

1.6570
5.8825

1.6565
5.8800

1.6575
5.8700

1.6510
5.8950

DRACHMA
DOLLAR
RUPEE
POUND
LIRA
YEN
RINGGIT
PESO
GUILDER

A

SOUTH KOREA

WON

SPAIN
SRI LANKA
SWEDEN

PESETA
RUPEE
KRONA

142.950
68.000
8.1350

142.060
68.390
8.0860

142.630
68.450
8.1170

142.150
68.460
8.1030

FRANC
DOLLAR
BAHT
POUND
BOLIVAR

1.3720
32.310
36.950
1.6745
564.25

1.3630
32.310
37.150
1.6836
564.90

1.3805
32.280
36.800
1.6665
565.00

1.3735
32.270
36.500
1.6628
565.00

DOLLAR
JAN97=100
MAR73=100
JAN97=100
MAR73=100

114.72
93.55
126.93
94.88

114.50
93.22
126.97
94.42

114.59
93.26
127.13
94.70

113.97
92.53
126.85
94.14

Y

SWITZERLAND
TAIWAN
THAILAND
*UNITED KINGDOM
VENEZUELA

MEMO:
UNITED STATES
1)BROAD
2)MAJOR CURRENCY
3)OITP
4)G-10

1210.30

1210.00

1203.00

1206.00

This release is available online at http://www.federalreserve.gov/release/.
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/;
weights for
the major currencies index and the other important trading partners (OITP) index
are derived
from the broad index weights.
* Value is U.S. dollars.
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.
4) A weighted average of the foreign exchange value of the U.S. dollar against
the currencies
of the other G-10 countries. We will discontinue publication of this series after
December 1998.
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.