H.10(512) June 8, 2001 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JUNE 8, 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 Jun. 4 Jun. 5 Jun. 6 Jun. 7 Jun. 8 *AUSTRALIA DOLLAR 0.5062 0.5093 0.5141 0.5191 0.5243 BRAZIL REAL 2.3595 2.3900 2.3820 2.3900 2.3740 CANADA DOLLAR 1.5347 1.5328 1.5248 1.5210 1.5215 CHINA, P.R. YUAN 8.2770 8.2769 8.2772 8.2767 8.2767 DENMARK KRONE 8.8200 8.7630 8.8260 8.7670 8.7650 *EMU MEMBERS EURO 0.8449 0.8504 0.8452 0.8506 0.8505 HONG KONG DOLLAR 7.8000 7.7998 7.7998 7.8000 7.7994 INDIA RUPEE 47.06 47.00 47.03 47.00 47.03 JAPAN YEN 119.50 120.27 120.35 119.91 120.60 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 9.139 9.173 9.125 9.119 9.074 *NEW ZEALAND DOLLAR 0.4085 0.4103 0.4112 0.4179 0.4182 NORWAY KRONE 9.4475 9.3650 9.3900 9.3350 9.3450 SINGAPORE DOLLAR 1.8160 1.8120 1.8135 1.8095 1.8094 SOUTH AFRICA RAND 8.0400 8.0480 8.0880 8.0950 8.0650 SOUTH KOREA WON 1285.00 1287.00 1286.00 1286.00 1286.00 SRI LANKA RUPEE 90.450 90.500 89.950 89.900 89.900 SWEDEN KRONA 10.9225 10.8300 10.9240 10.9500 10.9350 SWITZERLAND FRANC 1.7968 1.7805 1.7988 1.7923 1.7927 TAIWAN DOLLAR 34.100 34.080 34.100 34.100 34.100 THAILAND BAHT 45.400 45.000 45.280 45.180 45.140 *UNITED KINGDOM POUND 1.4123 1.4113 1.3906 1.3900 1.3817 VENEZUELA BOLIVAR 715.74 715.80 715.75 716.00 715.75 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 127.52 127.43 127.51 127.23 127.29 2)MAJOR CURRENCY MAR73=100 105.88 105.74 105.94 105.53 105.72 3)OITP JAN97=100 136.33 136.36 136.23 136.19 136.04 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.