H.10(512)                                                                December 1, 2000



 FOREIGN EXCHANGE RATES

 FOR THE WEEK ENDING DECEMBER 1, 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       Nov. 27      Nov. 28      Nov. 29      Nov. 30      Dec. 1

 *AUSTRALIA      DOLLAR         0.5261       0.5223       0.5228       0.5262       0.5372
  BRAZIL         REAL           1.9625       1.9800       1.9580       1.9722       1.9810
  CANADA         DOLLAR         1.5348       1.5371       1.5405       1.5355       1.5389
  CHINA, P.R.    YUAN           8.2780       8.2777       8.2774       8.2777       8.2775
  DENMARK        KRONE          8.7725       8.2780       8.6975       8.5767       8.5100
 *EMU MEMBERS    EURO           0.8500       0.8547       0.8577       0.8694       0.8765
  GREECE         DRACHMA      400.50       398.48       397.10       391.80       388.75
  HONG KONG      DOLLAR         7.8000       7.8005       7.7999       7.8000       7.8001
  INDIA          RUPEE         46.90        46.93        46.95        46.87        46.89
  JAPAN          YEN          110.70       110.23       111.28       110.93       111.15
  MALAYSIA       RINGGIT        3.8000       3.8000       3.8000       3.8000       3.8000
  MEXICO         PESO           9.371        9.412        9.396        9.410        9.420
 *NEW ZEALAND    DOLLAR         0.4060       0.4057       0.4042       0.4092       0.4150
  NORWAY         KRONE          9.4325       9.3930       9.3700       9.2840       9.2475
  SINGAPORE      DOLLAR         1.7542       1.7560       1.7575       1.7547       1.7490
  SOUTH AFRICA   RAND           7.7710       7.7875       7.7740       7.7500       7.6550
  SOUTH KOREA    WON         1189.00      1189.00      1204.00      1217.00      1211.00
  SRI LANKA      RUPEE         81.000       81.100       81.200       81.200       81.100
  SWEDEN         KRONA         10.2425      10.1694      10.1330      10.0400       9.9000
  SWITZERLAND    FRANC          1.7803       1.7633       1.7595       1.7365       1.7285
  TAIWAN         DOLLAR        32.900       32.850       33.080       33.080       33.050
  THAILAND       BAHT          43.520       43.720       43.920       43.805       43.770
 *UNITED KINGDOM POUND          1.4155       1.4182       1.4209       1.4210       1.4373
  VENEZUELA      BOLIVAR      697.50       697.00       697.00       697.50       697.65

  MEMO:
  UNITED STATES   DOLLAR
1)BROAD          JAN97=100    125.14       125.04       125.22       124.83       124.58
2)MAJOR CURRENCY MAR73=100    103.67       103.39       103.55       102.87       102.55
3)OITP           JAN97=100    134.06       134.27       134.42       134.60       134.54


 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