H.10(512) May 12, 2000 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING MAY 12, 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 May. 8 May. 9 May. 10 May. 11 May. 12 *AUSTRALIA DOLLAR 0.5870 0.5828 0.5815 0.5790 0.5810 BRAZIL REAL 1.8050 1.8075 1.8180 1.8200 1.8300 CANADA DOLLAR 1.4927 1.4945 1.4955 1.4900 1.4872 CHINA, P.R. YUAN 8.2798 8.2790 8.2785 8.2782 8.2778 DENMARK KRONE 8.3260 8.2610 8.1980 8.2675 8.2177 *EMU MEMBERS EURO 0.8950 0.9023 0.9097 0.9021 0.9080 GREECE DRACHMA 375.80 372.70 369.80 373.17 370.66 HONG KONG DOLLAR 7.7893 7.7899 7.7898 7.7898 7.7900 INDIA RUPEE 43.70 43.70 44.30 44.44 44.15 JAPAN YEN 109.03 109.61 109.33 108.47 108.74 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 9.483 9.488 9.572 9.583 9.563 *NEW ZEALAND DOLLAR 0.4847 0.4790 0.4775 0.4777 0.4795 NORWAY KRONE 9.0930 9.0510 9.0450 9.1390 9.0115 SINGAPORE DOLLAR 1.7235 1.7295 1.7290 1.7263 1.7278 SOUTH AFRICA RAND 6.9400 7.0900 7.0755 6.9750 7.0400 SOUTH KOREA WON 1109.70 1109.50 1109.20 1113.00 1113.50 SRI LANKA RUPEE 74.400 74.500 74.800 74.550 74.600 SWEDEN KRONA 9.0950 9.0592 9.0575 9.1600 9.0920 SWITZERLAND FRANC 1.7305 1.7219 1.7150 1.7252 1.7090 TAIWAN DOLLAR 30.700 30.650 30.730 30.760 30.750 THAILAND BAHT 38.500 38.680 38.710 39.000 38.900 *UNITED KINGDOM POUND 1.5310 1.5315 1.5153 1.4997 1.5172 VENEZUELA BOLIVAR 677.90 678.00 678.50 679.25 678.40 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 120.69 120.67 120.68 120.84 120.59 2)MAJOR CURRENCY MAR73=100 99.63 99.54 99.33 99.42 99.08 3)OITP JAN97=100 129.86 129.95 130.32 130.58 130.52 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