G.5(405) February 2, 2000 FOREIGN EXCHANGE RATES THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN JANUARY 2000 TOGETHER WITH COMPARABLE FIGURES FOR OTHER MONTHS. AVERAGES ARE BASED ON DAILY NOON BUYING RATES FOR CABLE TRANSFERS IN NEW YORK CITY CERTIFIED FOR CUSTOMS PURPOSES BY THE FEDERAL RESERVE BANK OF NEW YORK. (RATES IN CURRENCY UNITS PER DOLLAR) MONETARY 2000 1999 1999 1999 COUNTRY UNIT January December November January *AUSTRALIA DOLLAR 0.6560 0.6410 0.6388 0.6320 BRAZIL REAL 1.8057 1.8442 1.9314 1.5120 CANADA DOLLAR 1.4486 1.4722 1.4674 1.5194 CHINA, P.R. YUAN 8.2792 8.2794 8.2782 8.2789 DENMARK KRONE 7.3492 7.3597 7.2019 6.4194 *EMU MEMBERS EURO 1.0131 1.0110 1.0328 1.1591 GREECE DRACHMA 326.86 326.19 318.24 278.91 HONG KONG DOLLAR 7.7791 7.7728 7.7718 7.7486 INDIA RUPEE 43.59 43.52 43.46 42.55 JAPAN YEN 105.30 102.58 104.65 113.29 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 9.494 9.427 9.416 10.128 *NEW ZEALAND DOLLAR 0.5127 0.5087 0.5122 0.5388 NORWAY KRONE 8.0241 8.0113 7.9367 7.4532 SINGAPORE DOLLAR 1.6757 1.6745 1.6699 1.6791 SOUTH AFRICA RAND 6.1309 6.1503 6.1424 5.9931 SOUTH KOREA WON 1130.99 1136.80 1176.98 1175.11 SRI LANKA RUPEE 73.140 72.018 72.040 68.629 SWEDEN KRONA 8.4918 8.4910 8.3586 7.8188 SWITZERLAND FRANC 1.5903 1.5841 1.5543 1.3856 TAIWAN DOLLAR 30.890 31.625 31.794 32.300 THAILAND BAHT 37.380 38.227 38.749 36.622 *UNITED KINGDOM POUND 1.6404 1.6132 1.6205 1.6498 VENEZUELA BOLIVAR 652.81 644.28 634.80 569.80 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 115.95 116.09 116.08 115.16 2)MAJOR CURRENCY MAR73=100 93.14 93.23 92.87 91.77 3)OITP JAN97=100 129.14 129.34 129.93 129.55 This release is available online at http://www.federalreserve.gov/releases/G5. 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 December 1, 1999, release. * Value is U.S. dollars. 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 January 1, 1999, the euro is reported in place of the individual eure-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