H.10(512) May 9, 2003 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING MAY 9, 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 May. 5 May. 6 May. 7 May. 8 May. 9 *AUSTRALIA DOLLAR 0.6343 0.6383 0.6362 0.6424 0.6448 BRAZIL REAL 2.9950 2.9980 2.9650 2.9050 2.8780 CANADA DOLLAR 1.4134 1.4085 1.4010 1.3950 1.3930 CHINA, P.R. YUAN 8.2771 8.2770 8.2769 8.2768 8.2768 DENMARK KRONE 6.5883 6.5413 6.5472 6.4820 6.4580 *EMU MEMBERS EURO 1.1271 1.1354 1.1340 1.1453 1.1498 HONG KONG DOLLAR 7.7993 7.7991 7.7992 7.7990 7.7991 INDIA RUPEE 47.30 47.28 47.28 47.25 47.20 JAPAN YEN 118.64 117.94 116.51 116.65 117.20 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 10.195 10.256 10.218 10.179 10.113 *NEW ZEALAND DOLLAR 0.5665 0.5705 0.5655 0.5739 0.5764 NORWAY KRONE 6.9940 6.9110 6.9265 6.8740 6.8480 SINGAPORE DOLLAR 1.7591 1.7430 1.7390 1.7415 1.7405 SOUTH AFRICA RAND 7.2900 7.2900 7.3275 7.2300 7.2700 SOUTH KOREA WON 1217.00 1201.00 1199.00 1199.00 1202.00 SRI LANKA RUPEE 97.200 97.200 97.200 97.210 97.200 SWEDEN KRONA 8.0670 8.0055 8.0250 7.9650 7.9720 SWITZERLAND FRANC 1.3440 1.3331 1.3264 1.3172 1.3114 TAIWAN DOLLAR 34.800 34.700 34.700 34.650 34.650 THAILAND BAHT 42.680 42.600 42.500 42.550 42.560 *UNITED KINGDOM POUND 1.6060 1.6140 1.5930 1.6034 1.6045 VENEZUELA BOLIVAR 1600.00 1600.00 1600.00 1600.00 1600.00 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 119.90 119.49 119.18 118.75 118.59 2)MAJOR CURRENCY MAR73=100 91.40 90.89 90.62 90.14 90.06 3)OITP JAN97=100 143.05 142.96 142.65 142.40 142.16 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.