H.

10(512) 7, 2000

July

FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JULY 7, 2000 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 DRACHMA DOLLAR RUPEE YEN RINGGIT PESO DOLLAR KRONE DOLLAR

COUNTRY Jul. 7 *AUSTRALIA 0.5901 BRAZIL 1.7990 CANADA 1.4810 CHINA, P.R. 8.2793 DENMARK 7.8675 *EMU MEMBERS 0.9484 GREECE 355.50 HONG KONG 7.7968 INDIA 44.78 JAPAN 107.81 MALAYSIA 3.8000 MEXICO 9.508 *NEW ZEALAND 0.4605 NORWAY 8.5925 SINGAPORE 1.7370

Jul. 3 0.5996 1.8090 1.4793 8.2786 7.8300 0.9526 353.70 7.7960 44.72 105.64 3.8000 9.553 0.4675 8.5880 1.7327

Jul. 4

Jul. 5 0.5907

Jul. 6 0.5909 1.7980 1.4850 8.2791 7.8330 0.9527 353.60 7.7964 44.81 107.37 3.8000 9.557 0.4605 8.6000 1.7367

H

1.8050 1.4909 8.2787

O

7.8180 0.9548 352.75

L

7.7962 44.69 106.91

I

3.8000 9.515 0.4608

D

8.5880 1.7380

SOUTH AFRICA 6.8450 SOUTH KOREA 1119.00 SRI LANKA 79.350 SWEDEN 8.9150 SWITZERLAND 1.6278 TAIWAN 30.880 THAILAND 39.750 *UNITED KINGDOM 1.5143 VENEZUELA 684.00

RAND WON RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR

6.8125 1113.90 79.250 8.7925 1.6323 30.830 39.390 1.5135 682.50 Y A

6.7850 1117.50 79.350 8.8300 1.6220 30.850 39.600 1.5120 683.01

6.8500 1117.50 79.350 8.8660 1.6250 30.880 39.600 1.5120 683.25

MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 119.63 2)MAJOR CURRENCY MAR73=100 97.24 3)OITP JAN97=100 131.24

119.08 96.56 131.06

119.47 97.02 131.23

119.55 97.08 131.33

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/) 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/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 has produced revised index values that appear in the dollar indexes starting with the November 1, 1999, release. * 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. 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 = = = = = = = = = = = 13.7603 40.3399 5.94573 6.55957 1.95583 .787564 1936.27 40.3399 2.20371 200.482 166.386 AUSTRIAN SCHILLINGS BELGIAN FRANCS FINNISH MARKKAS FRENCH FRANCS GERMAN MARKS IRISH POUNDS ITALIAN LIRE LUXEMBOURG FRANCS NETHERLANDS GUILDERS PORTUGUESE ESCUDOS SPANISH PESETAS