H.10(512) May 2, 2003 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING MAY 2, 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 Apr. 28 Apr. 29 Apr. 30 May. 1 May. 2 *AUSTRALIA DOLLAR 0.6192 0.6200 0.6262 0.6318 0.6298 BRAZIL REAL 2.9910 2.9085 2.8870 2.9125 2.9100 CANADA DOLLAR 1.4504 1.4460 1.4336 1.4191 1.4221 CHINA, P.R. YUAN 8.2770 8.2770 8.2771 8.2771 8.2771 DENMARK KRONE 6.7530 6.7450 6.6400 6.6022 6.6310 *EMU MEMBERS EURO 1.0999 1.1010 1.1180 1.1238 1.1200 HONG KONG DOLLAR 7.7993 7.7994 7.7991 7.7993 7.7993 INDIA RUPEE 47.35 47.37 47.37 47.35 47.35 JAPAN YEN 120.34 120.14 119.07 118.56 119.10 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 10.433 10.333 10.308 10.250 10.195 *NEW ZEALAND DOLLAR 0.5564 0.5567 0.5600 0.5616 0.5627 NORWAY KRONE 7.0530 7.0775 6.9950 6.9501 7.0300 SINGAPORE DOLLAR 1.7779 1.7779 1.7745 1.7696 1.7727 SOUTH AFRICA RAND 7.1900 7.1750 7.2875 7.2730 7.5050 SOUTH KOREA WON 1222.50 1219.00 1215.50 1213.00 1213.00 SRI LANKA RUPEE 97.050 97.150 97.140 97.140 97.170 SWEDEN KRONA 8.3230 8.2850 8.1700 8.1180 8.1470 SWITZERLAND FRANC 1.3695 1.3688 1.3545 1.3420 1.3480 TAIWAN DOLLAR 34.980 34.890 34.850 34.850 34.800 THAILAND BAHT 42.940 42.940 42.860 42.820 42.790 *UNITED KINGDOM POUND 1.5906 1.5904 1.6000 1.6103 1.6020 VENEZUELA BOLIVAR 1600.00 1600.00 1600.00 1600.00 1600.00 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 121.77 121.43 120.61 120.09 120.21 2)MAJOR CURRENCY MAR73=100 93.38 93.21 92.21 91.58 91.90 3)OITP JAN97=100 144.28 143.67 143.41 143.21 142.95 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.