H.10(512) February 25, 2000 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING FEBRUARY 25, 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 DOLLAR) MONETARY COUNTRY UNIT Feb. 21 Feb. 22 Feb. 23 Feb. 24 Feb. 25 *AUSTRALIA DOLLAR 0.6257 0.6196 0.6144 0.6175 BRAZIL REAL H 1.7850 1.7900 1.7820 1.7740 CANADA DOLLAR 1.4595 1.4651 1.4587 1.4505 CHINA, P.R. YUAN 8.2773 8.2780 8.2780 8.2786 DENMARK KRONE O 7.4035 7.4360 7.5010 7.6345 *EMU MEMBERS EURO 1.0060 1.0017 0.9931 0.9763 GREECE DRACHMA 331.85 333.30 336.55 342.35 HONG KONG DOLLAR L 7.7825 7.7826 7.7830 7.7830 INDIA RUPEE 43.65 43.68 43.65 43.65 JAPAN YEN 111.04 111.11 110.95 110.98 MALAYSIA RINGGIT I 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 9.427 9.413 9.382 9.378 *NEW ZEALAND DOLLAR 0.4917 0.4855 0.4867 0.4882 NORWAY KRONE D 8.1450 8.1775 8.2055 8.3120 SINGAPORE DOLLAR 1.7085 1.7140 1.7165 1.7110 SOUTH AFRICA RAND 6.3130 6.3350 6.3290 6.3120 SOUTH KOREA WON A 1135.00 1136.00 1144.00 1137.00 SRI LANKA RUPEE 73.600 73.600 73.750 73.750 SWEDEN KRONA 8.5395 8.5770 8.6190 8.6950 SWITZERLAND FRANC Y 1.5983 1.6082 1.6200 1.6475 TAIWAN DOLLAR 30.800 30.800 30.850 30.800 THAILAND BAHT 38.220 38.090 38.220 37.880 *UNITED KINGDOM POUND 1.6165 1.6047 1.5981 1.5908 VENEZUELA BOLIVAR 661.35 661.26 662.05 661.75 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 117.30 117.53 117.68 117.86 2)MAJOR CURRENCY MAR73=100 94.99 95.35 95.52 95.96 3)OITP JAN97=100 129.30 129.27 129.33 129.06 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. * 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 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