H.

10(512) 12, 2002

July

FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JULY 12, 2002 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. 12 *AUSTRALIA 0.5595 BRAZIL 2.8215 CANADA 1.5299 CHINA, P.R. 8.2767 DENMARK 7.5100 *EMU MEMBERS 0.9904 HONG KONG 7.8000 INDIA 48.80 JAPAN 116.73 MALAYSIA 3.8000 MEXICO 9.726 *NEW ZEALAND 0.4842 NORWAY 7.4170 SINGAPORE 1.7441 SOUTH AFRICA 9.9700

Jul. 8 0.5644 2.8590 1.5208 8.2767 7.5225 0.9869 7.8000 48.84 118.66 3.8000 9.933 0.4905 7.4000 1.7627 10.1500

Jul. 9 0.5688 2.8455 1.5145 8.2766 7.4750 0.9938 7.8000 48.82 117.85 3.8000 9.867 0.4927 7.3600 1.7545 9.9962

Jul. 10 0.5672 2.8540 1.5203 8.2767 7.5170 0.9890 7.8000 48.82 117.94 3.8000 9.833 0.4903 7.3760 1.7515 10.0200

Jul. 11 0.5593 2.8320 1.5223 8.2768 7.4840 0.9927 7.8000 48.81 116.62 3.8000 9.813 0.4855 7.3560 1.7480 10.1100

SOUTH KOREA 1177.00 SRI LANKA 96.300 SWEDEN 9.3220 SWITZERLAND 1.4832 TAIWAN 33.180 THAILAND 41.070 *UNITED KINGDOM 1.5500 VENEZUELA 1286.00

WON RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR

1195.00 96.330 9.2950 1.4893 33.410 41.490 1.5348 1352.25

1177.20 96.320 9.2875 1.4820 33.280 41.270 1.5465 1356.25

1174.40 96.330 9.3950 1.4888 33.180 41.152 1.5483 1261.25

1174.50 96.300 9.3530 1.4793 33.180 41.180 1.5545 1291.00

MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 123.80 2)MAJOR CURRENCY MAR73=100 98.41 3)OITP JAN97=100 140.71

124.51 98.78 141.85

123.88 98.20 141.31

123.97 98.50 140.97

123.73 98.14 141.01

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 with the January 7, 2002, release of this report. * 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

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