H.

10(512) 7, 1999

September

FOREIGN EXCHANGE RATES FOR THE WEEK ENDING SEPTEMBER 3, 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 Sep. 3 *AUSTRALIA 0.6467 BRAZIL 1.9030 CANADA 1.4909 CHINA, P.R. 8.2775 DENMARK 7.0120 *EMU MEMBERS 1.0605 GREECE 308.00 HONG KONG 7.7656 INDIA 43.57 JAPAN 110.09 MALAYSIA 3.8000 MEXICO 9.344 *NEW ZEALAND 0.5186 NORWAY 7.8425 SINGAPORE 1.6875

Aug. 30 0.6326 1.9480 1.4925 8.2771 7.1160 1.0445 312.40 7.7651 43.56 111.13 3.8000 9.410 0.5128 7.9480 1.6882

Aug. 31 0.6380 1.9250 1.4965 8.2770 7.0280 1.0581 308.45 7.7660 43.55 109.30 3.8000 9.393 0.5168 7.8300 1.6835

Sep. 1 0.6390 1.9170 1.4858 8.2771 7.0255 1.0582 308.35 7.7655 43.55 109.35 3.8000 9.336 0.5140 7.8225 1.6825

Sep. 2 0.6447 1.9240 1.4950 8.2773 6.9554 1.0689 305.33 7.7652 43.60 109.24 3.8000 9.376 0.5185 7.7870 1.6855

SOUTH AFRICA 6.0120 SOUTH KOREA 1192.00 SRI LANKA 72.000 SWEDEN 8.1960 SWITZERLAND 1.5073 TAIWAN 31.850 THAILAND 38.850 *UNITED KINGDOM 1.6028 VENEZUELA 623.55

RAND WON RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR

6.0910 1184.50 72.400 8.3440 1.5332 31.900 38.330 1.5875 620.50

6.0950 1181.00 72.050 8.2290 1.5130 31.900 38.333 1.6086 620.55

6.0320 1185.00 71.950 8.2120 1.5135 31.880 38.820 1.6023 621.50

6.0475 1191.00 71.800 8.1620 1.4938 31.850 38.860 1.6091 622.75

MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 116.11 2)MAJOR CURRENCY MAR73=100 94.01 3)OITP JAN97=100 129.69

116.72 94.89 129.67

116.05 94.03 129.49

115.91 93.86 129.46

115.87 93.64 129.76

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