H.10(512) March 16, 2001 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING MARCH 16, 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 Mar. 12 Mar. 13 Mar. 14 Mar. 15 Mar. 16 *AUSTRALIA DOLLAR 0.5096 0.5031 0.4981 0.4944 0.4940 BRAZIL REAL 2.0650 2.0620 2.0750 2.1025 2.1290 CANADA DOLLAR 1.5505 1.5477 1.5528 1.5595 1.5669 CHINA, P.R. YUAN 8.2784 8.2783 8.2778 8.2776 8.2771 DENMARK KRONE 8.0280 8.1600 8.1670 8.2510 8.3700 *EMU MEMBERS EURO 0.9300 0.9148 0.9133 0.9046 0.8929 HONG KONG DOLLAR 7.7999 7.7998 7.7999 7.8001 7.7997 INDIA RUPEE 46.57 46.70 46.69 46.66 46.69 JAPAN YEN 120.63 120.20 120.97 122.23 122.85 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 9.665 9.631 9.571 9.593 9.622 *NEW ZEALAND DOLLAR 0.4204 0.4157 0.4162 0.4119 0.4135 NORWAY KRONE 8.8400 8.9800 8.9630 9.0725 9.1440 SINGAPORE DOLLAR 1.7618 1.7612 1.7670 1.7700 1.7775 SOUTH AFRICA RAND 7.7760 7.7900 7.8610 7.8482 7.9475 SOUTH KOREA WON 1280.00 1276.00 1278.00 1286.00 1295.00 SRI LANKA RUPEE 84.500 84.600 85.100 85.500 85.500 SWEDEN KRONA 9.8300 10.0135 10.0101 10.0980 10.2490 SWITZERLAND FRANC 1.6555 1.6838 1.6840 1.7002 1.7160 TAIWAN DOLLAR 32.480 32.570 32.530 32.610 32.730 THAILAND BAHT 43.780 43.580 43.675 43.970 44.000 *UNITED KINGDOM POUND 1.4670 1.4513 1.4497 1.4436 1.4265 VENEZUELA BOLIVAR 705.00 705.25 705.00 705.00 705.75 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 124.95 125.26 125.44 126.08 126.85 2)MAJOR CURRENCY MAR73=100 102.61 103.19 103.53 104.32 105.18 3)OITP JAN97=100 135.46 135.25 135.13 135.38 135.85 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.