H.10(512)                                                              September 11, 2000



 FOREIGN EXCHANGE RATES

 FOR THE WEEK ENDING SEPTEMBER 8, 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
   COUNTRY         UNIT       Sep. 4       Sep. 5       Sep. 6       Sep. 7       Sep. 8

 *AUSTRALIA      DOLLAR                      0.5699       0.5655       0.5579       0.5557
  BRAZIL         REAL            H           1.8278       1.8210       1.8221       1.8220
  CANADA         DOLLAR                      1.4752       1.4843       1.4777       1.4781
  CHINA, P.R.    YUAN                        8.2790       8.2794       8.2790       8.2794
  DENMARK        KRONE           O           8.4100       8.5720       8.5275       8.6110
 *EMU MEMBERS    EURO                        0.8876       0.8702       0.8740       0.8664
  GREECE         DRACHMA                   380.75       388.80       387.00       390.50
  HONG KONG      DOLLAR          L           7.7989       7.7985       7.7995       7.7985
  INDIA          RUPEE                      45.74        45.65        46.05        45.73
  JAPAN          YEN                       105.88       106.08       105.10       106.03
  MALAYSIA       RINGGIT         I           3.8000       3.8000       3.8000       3.8000
  MEXICO         PESO                        9.255        9.318        9.314        9.327
 *NEW ZEALAND    DOLLAR                      0.4262       0.4250       0.4172       0.4186
  NORWAY         KRONE           D           9.0850       9.2240       9.1850       9.2540
  SINGAPORE      DOLLAR                      1.7270       1.7320       1.7323       1.7372
  SOUTH AFRICA   RAND                        7.0340       7.0850       7.1050       7.0950
  SOUTH KOREA    WON             A        1105.50      1107.40      1111.00      1109.50
  SRI LANKA      RUPEE                      78.200       78.340       78.320       78.250
  SWEDEN         KRONA                       9.4725       9.6575       9.5600       9.6515
  SWITZERLAND    FRANC           Y           1.7488       1.7780       1.7720       1.7869
  TAIWAN         DOLLAR                     31.080       31.100       31.100       31.100
  THAILAND       BAHT                       41.250       41.400       41.420       41.610
 *UNITED KINGDOM POUND                       1.4522       1.4455       1.4380       1.4196
  VENEZUELA      BOLIVAR                   690.40       690.25       690.25       690.51

  MEMO:
  UNITED STATES   DOLLAR
1)BROAD          JAN97=100                 120.85       121.61       121.34       121.79
2)MAJOR CURRENCY MAR73=100                  99.44       100.41        99.97       100.62
3)OITP           JAN97=100                 130.57       130.81       130.88       130.91


 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  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