H.10(512)                                                                   June 29, 2001



 FOREIGN EXCHANGE RATES

 FOR THE WEEK ENDING JUNE 29, 2001

 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
   COUNTRY         UNIT       Jun. 25      Jun. 26      Jun. 27      Jun. 28      Jun. 29

 *AUSTRALIA      DOLLAR         0.5157       0.5198       0.5178       0.5110       0.5100
  BRAZIL         REAL           2.3120       2.3140       2.3320       2.2870       2.3050
  CANADA         DOLLAR         1.5195       1.5142       1.5176       1.5233       1.5175
  CHINA, P.R.    YUAN           8.2768       8.2768       8.2768       8.2770       8.2767
  DENMARK        KRONE          8.6575       8.6565       8.6375       8.7900       8.7850
 *EMU MEMBERS    EURO           0.8611       0.8623       0.8621       0.8470       0.8474
  HONG KONG      DOLLAR         7.7998       7.8000       7.7998       7.7998       7.8000
  INDIA          RUPEE         47.06        47.07        47.04        47.06        47.09
  JAPAN          YEN          124.02       123.82       124.25       124.63       124.73
  MALAYSIA       RINGGIT        3.8000       3.8000       3.8000       3.8000       3.8000
  MEXICO         PESO           9.063        9.065        9.073        9.088        9.060
 *NEW ZEALAND    DOLLAR         0.4137       0.4158       0.4170       0.4103       0.4047
  NORWAY         KRONE          9.2190       9.1910       9.1750       9.2930       9.3290
  SINGAPORE      DOLLAR         1.8192       1.8205       1.8215       1.8230       1.8225
  SOUTH AFRICA   RAND           8.0490       8.0210       8.0400       8.0650       8.0500
  SOUTH KOREA    WON         1303.00      1301.00      1300.00      1304.00      1303.00
  SRI LANKA      RUPEE         90.600       90.650       90.650       90.750       90.800
  SWEDEN         KRONA         10.6420      10.7315      10.7350      10.8500      10.8810
  SWITZERLAND    FRANC          1.7655       1.7655       1.7648       1.7983       1.7968
  TAIWAN         DOLLAR        34.450       34.440       34.500       34.520       34.480
  THAILAND       BAHT          45.140       45.230       45.250       45.300       45.270
 *UNITED KINGDOM POUND          1.4130       1.4154       1.4190       1.4070       1.4077
  VENEZUELA      BOLIVAR      718.50       718.75       719.25       719.35       719.35

  MEMO:
  UNITED STATES   DOLLAR
1)BROAD          JAN97=100    127.44       127.30       127.44       128.09       127.98
2)MAJOR CURRENCY MAR73=100    105.72       105.50       105.66       106.61       106.49
3)OITP           JAN97=100    136.41       136.42       136.51       136.54       136.46


 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 February 5, 2001, 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  AUSTRIAN SCHILLINGS
                =  40.3399  BELGIAN FRANCS
                =  5.94573  FINNISH MARKKAS
                =  6.55957  FRENCH FRANCS
                =  1.95583  GERMAN MARKS
                =  .787564  IRISH POUNDS
                =  1936.27  ITALIAN LIRE
                =  40.3399  LUXEMBOURG FRANCS
                =  2.20371  NETHERLANDS GUILDERS
                =  200.482  PORTUGUESE ESCUDOS
                =  166.386  SPANISH PESETAS
                =  340.750  GREEK DRACHMAS

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 please call publication services at Federal Reserve Board at (202) 452-3244.