H.

10(512) 27, 1999

August

FOREIGN EXCHANGE RATES FOR THE WEEK ENDING AUGUST 27, 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) MONETARY UNIT DOLLAR REAL DOLLAR YUAN KRONE EURO DRACHMA DOLLAR RUPEE YEN RINGGIT PESO DOLLAR KRONE DOLLAR

COUNTRY Aug. 27 *AUSTRALIA 0.6320 BRAZIL 1.9400 CANADA 1.4920 CHINA, P.R. 8.2773 DENMARK 7.1070 *EMU MEMBERS 1.0460 GREECE 312.08 HONG KONG 7.7650 INDIA 43.53 JAPAN 111.68 MALAYSIA 3.8000 MEXICO 9.390 *NEW ZEALAND 0.5130 NORWAY 7.9520 SINGAPORE 1.6880

Aug. 23 0.6359 1.8620 1.4955 8.2772 7.0490 1.0553 309.75 7.7641 43.53 111.73 3.8000 9.344 0.5310 7.8750 1.6830

Aug. 24 0.6370 1.9025 1.4955 8.2775 7.0710 1.0506 310.68 7.7648 43.65 111.53 3.8000 9.318 0.5270 7.8500 1.6910

Aug. 25 0.6334 1.9360 1.4960 8.2773 7.1005 1.0461 311.85 7.7645 43.55 111.18 3.8000 9.310 0.5158 7.9510 1.6910

Aug. 26 0.6300 1.9100 1.5026 8.2773 7.1220 1.0441 312.85 7.7645 43.55 111.83 3.8000 9.337 0.5120 7.9900 1.6920

SOUTH AFRICA 6.0975 SOUTH KOREA 1183.00 SRI LANKA 71.900 SWEDEN 8.3250 SWITZERLAND 1.5303 TAIWAN 31.900 THAILAND 38.350 *UNITED KINGDOM 1.5885 VENEZUELA 619.35

RAND WON RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR

6.0790 1198.00 72.050 8.2900 1.5145 31.980 38.330 1.6076 617.75

6.0975 1199.00 72.050 8.2850 1.5242 31.980 38.355 1.5946 617.75

6.1140 1192.00 71.800 8.3360 1.5315 31.950 38.350 1.5865 618.60

6.0950 1191.00 72.150 8.3550 1.5339 31.950 38.380 1.5876 618.50

MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 116.69 2)MAJOR CURRENCY MAR73=100 94.95 3)OITP JAN97=100 129.50

116.37 94.64 129.22

116.56 94.80 129.43

116.61 94.92 129.33

116.84 95.26 129.32

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. 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. As of the January 11, 1999 release, the euro is reported in place of the individual euro-area currencies. These currency rates can be derived from the euro rate by using the fixed conversion rates (in currencies per euro) given below: 1 EUR = = = = = = = = = = = 40.3399 1.95583 166.386 6.55957 .787564 1936.27 40.3399 2.20371 13.7603 200.482 5.94573 BELGIAN FRANCS GERMAN MARKS SPANISH PESETAS FRENCH FRANCS IRISH POUNDS ITALIAN LIRE LUXEMBOURG FRANCS DUTCH GUILDERS AUSTRIAN SCHILLINGS PORTUGUESE ESCUDOS FINNISH MARKKAS