G.5(405) September 30, 2003 FOREIGN EXCHANGE RATES THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN SEPTEMBER 2003 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. (Currency units per U.S. dollar except as noted) MONETARY 2003 2003 2003 2002 COUNTRY UNIT September August July September *AUSTRALIA DOLLAR 0.6635 0.6518 0.6607 0.5465 BRAZIL REAL 2.9204 3.0053 2.8833 3.3548 CANADA DOLLAR 1.3634 1.3963 1.3821 1.5761 CHINA, P.R. YUAN 8.2772 8.2770 8.2773 8.2760 DENMARK KRONE 6.5953 6.6653 6.5425 7.5752 *EMU MEMBERS EURO 1.1267 1.1155 1.1365 0.9806 HONG KONG DOLLAR 7.7850 7.7990 7.7990 7.7999 INDIA RUPEE 45.85 45.96 46.22 48.46 JAPAN YEN 114.80 118.66 118.70 121.08 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 10.923 10.783 10.458 10.071 *NEW ZEALAND DOLLAR 0.5843 0.5829 0.5864 0.4702 NORWAY KRONE 7.2782 7.4096 7.2924 7.5018 SINGAPORE DOLLAR 1.7466 1.7533 1.7551 1.7682 SOUTH AFRICA RAND 7.3060 7.3945 7.5458 10.5967 SOUTH KOREA WON 1165.40 1178.60 1181.16 1211.61 SRI LANKA RUPEE 95.284 96.975 97.153 96.207 SWEDEN KRONA 8.0426 8.2821 8.0929 9.3400 SWITZERLAND FRANC 1.3743 1.3811 1.3611 1.4931 TAIWAN DOLLAR 33.995 34.318 34.396 34.573 THAILAND BAHT 40.483 41.656 41.808 42.893 *UNITED KINGDOM POUND 1.6155 1.5939 1.6221 1.5563 VENEZUELA BOLIVAR 1600.00 1600.00 1600.00 1458.39 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 119.03 120.43 119.11 126.65 2)MAJOR CURRENCY MAR73=100 89.68 91.48 90.42 100.43 3)OITP JAN97=100 144.06 144.32 142.84 144.10 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/). 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 (OITIP) index are derived from the broad index weights. The most recent annual revision to the trade weights and the dollar indexes took effect with the January 30, 2003, 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. 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. The euro is reported in place of the individual eure-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