H.10(512)                                                               February 23, 2001



 FOREIGN EXCHANGE RATES

 FOR THE WEEK ENDING FEBRUARY 23, 2001

 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       Feb. 19      Feb. 20      Feb. 21      Feb. 22      Feb. 23

 *AUSTRALIA      DOLLAR                      0.5224       0.5234       0.5246       0.5218
  BRAZIL         REAL            H           2.0090       2.0190       2.0440       2.0470
  CANADA         DOLLAR                      1.5399       1.5370       1.5378       1.5378
  CHINA, P.R.    YUAN                        8.2767       8.2772       8.2769       8.2774
  DENMARK        KRONE           O           8.2080       8.2300       8.2320       8.2080
 *EMU MEMBERS    EURO                        0.9096       0.9077       0.9069       0.9095
  HONG KONG      DOLLAR                      7.8000       7.8000       7.8000       7.7999
  INDIA          RUPEE           L          46.66        46.65        46.63        46.65
  JAPAN          YEN                       115.57       116.45       116.53       116.15
  MALAYSIA       RINGGIT                     3.8000       3.8000       3.8000       3.8000
  MEXICO         PESO            I           9.680        9.700        9.735        9.714
 *NEW ZEALAND    DOLLAR                      0.4278       0.4295       0.4302       0.4305
  NORWAY         KRONE                       9.0550       9.0825       9.0970       9.0370
  SINGAPORE      DOLLAR          D           1.7400       1.7445       1.7445       1.7448
  SOUTH AFRICA   RAND                        7.7640       7.8000       7.8400       7.8500
  SOUTH KOREA    WON                      1234.00      1240.00      1241.10      1249.10
  SRI LANKA      RUPEE           A          85.400       85.500       87.000       87.000
  SWEDEN         KRONA                       9.8765       9.9400       9.9730       9.9530
  SWITZERLAND    FRANC                       1.6870       1.6897       1.6903       1.6885
  TAIWAN         DOLLAR          Y          32.300       32.300       32.380       32.400
  THAILAND       BAHT                       42.790       42.940       43.020       43.060
 *UNITED KINGDOM POUND                       1.4436       1.4385       1.4447       1.4470
  VENEZUELA      BOLIVAR                   704.25       704.50       705.15       704.50

  MEMO:
  UNITED STATES   DOLLAR
1)BROAD          JAN97=100                 124.15       124.41       124.53       124.42
2)MAJOR CURRENCY MAR73=100                 102.20       102.43       102.45       102.28
3)OITP           JAN97=100                 134.19       134.44       134.69       134.72


 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/). 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 (OITP) index are derived from the broad index
 weights. The most recent annual revision to the trade weights and dollar indexes took effect
 with the February 5, 2001, 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.

 The euro is reported in place of the individual euro-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

 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.