H.

10(512) 3, 2003

January

FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JANUARY 3, 2003 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 Jan. 3 *AUSTRALIA 0.5655 BRAZIL 3.4306 CANADA 1.5665 CHINA, P.R. 8.2768 DENMARK 7.1280 *EMU MEMBERS 1.0418 HONG KONG 7.7990 INDIA 48.03 JAPAN 119.85 MALAYSIA 3.8000 MEXICO 10.375 *NEW ZEALAND 0.5246 NORWAY 6.9560 SINGAPORE 1.7440 SOUTH AFRICA 8.4400

Dec. 30 0.5636 3.5450 1.5792 8.2773 7.1000 1.0460 7.7992 47.96 118.38 3.8000 10.373 0.5255 6.9610 1.7352 8.6700

Dec. 31 0.5625 3.5400 1.5800 8.2800 7.0850 1.0485 7.7988 48.00 118.75 3.8000 10.425 0.5239 6.9375 1.7352 8.5850

Jan. 1

Jan. 2 0.5629

H

3.5425 1.5750 8.2800

O

7.1684 1.0361 7.7988

L

48.05 119.86 3.8000

I

10.354 0.5222 7.0020

D

1.7448 8.5400

SOUTH KOREA 1197.30 SRI LANKA 96.750 SWEDEN 8.7170 SWITZERLAND 1.3975 TAIWAN 34.760 THAILAND 43.000 *UNITED KINGDOM 1.6045 VENEZUELA 1407.50

WON RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR

1197.20 96.750 8.7600 1.3922 34.790 43.300 1.6044 1391.50

1186.30 96.750 8.6950 1.3833 34.700 43.200 1.6095 1390.50 Y A

1190.00 96.750 8.7920 1.4015 34.740 43.170 1.5975 1393.50

MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 125.03 2)MAJOR CURRENCY MAR73=100 97.84 3)OITP JAN97=100 144.53

124.98 97.68 144.69

124.97 97.65 144.70

125.33 98.23 144.59

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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