H.10(512) April 4, 2003 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING APRIL 4, 2003 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. 31 Apr. 1 Apr. 2 Apr. 3 Apr. 4 *AUSTRALIA DOLLAR 0.6045 0.6045 0.5997 0.5996 0.6010 BRAZIL REAL 3.3320 3.3290 3.2850 3.2400 3.2330 CANADA DOLLAR 1.4695 1.4729 1.4762 1.4760 1.4720 CHINA, P.R. YUAN 8.2774 8.2773 8.2770 8.2771 8.2771 DENMARK KRONE 6.8138 6.8085 6.8995 6.9130 6.9324 *EMU MEMBERS EURO 1.0900 1.0904 1.0765 1.0736 1.0711 HONG KONG DOLLAR 7.7995 7.7995 7.7993 7.7995 7.7996 INDIA RUPEE 47.53 47.45 47.40 47.43 47.44 JAPAN YEN 118.07 118.25 119.17 119.55 120.05 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 10.782 10.732 10.673 10.666 10.679 *NEW ZEALAND DOLLAR 0.5538 0.5545 0.5497 0.5483 0.5416 NORWAY KRONE 7.2760 7.2040 7.2650 7.2450 7.2544 SINGAPORE DOLLAR 1.7645 1.7714 1.7720 1.7790 1.7763 SOUTH AFRICA RAND 7.9000 7.8800 7.9700 7.8900 7.9400 SOUTH KOREA WON 1252.00 1262.00 1255.40 1256.00 1258.00 SRI LANKA RUPEE 96.970 96.900 96.960 96.980 96.970 SWEDEN KRONA 8.4735 8.4830 8.5850 8.5650 8.5927 SWITZERLAND FRANC 1.3538 1.3537 1.3794 1.3809 1.3875 TAIWAN DOLLAR 34.750 34.800 34.800 34.810 34.825 THAILAND BAHT 42.860 42.900 42.990 43.070 43.100 *UNITED KINGDOM POUND 1.5790 1.5767 1.5659 1.5718 1.5597 VENEZUELA BOLIVAR 1600.00 1600.00 1600.00 1600.00 1600.00 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 122.93 122.96 123.35 123.40 123.54 2)MAJOR CURRENCY MAR73=100 93.73 93.83 94.58 94.70 94.85 3)OITP JAN97=100 146.63 146.54 146.15 146.06 146.13 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 January 30, 2003 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.