H.10(512) October 3, 2003 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING OCTOBER 3, 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 Sep. 29 Sep. 30 Oct. 1 Oct. 2 Oct. 3 *AUSTRALIA DOLLAR 0.6745 0.6797 0.6830 0.6846 0.6814 BRAZIL REAL 2.9360 2.9280 2.9060 2.8960 2.8860 CANADA DOLLAR 1.3552 1.3507 1.3481 1.3388 1.3418 CHINA, P.R. YUAN 8.2770 8.2771 8.2771 8.2771 8.2770 DENMARK KRONE 6.4160 6.3729 6.3450 6.3380 6.4105 *EMU MEMBERS EURO 1.1578 1.1650 1.1708 1.1717 1.1596 HONG KONG DOLLAR 7.7530 7.7445 7.7395 7.7310 7.7110 INDIA RUPEE 45.85 45.78 45.70 45.43 45.33 JAPAN YEN 111.07 111.43 110.61 110.59 110.90 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 11.040 11.003 10.969 11.158 11.245 *NEW ZEALAND DOLLAR 0.5910 0.5950 0.5981 0.5992 0.5935 NORWAY KRONE 7.0000 7.0557 7.0200 6.9725 7.0802 SINGAPORE DOLLAR 1.7305 1.7305 1.7280 1.7263 1.7270 SOUTH AFRICA RAND 7.1400 6.9575 6.9150 6.8475 6.9150 SOUTH KOREA WON 1150.60 1150.20 1151.90 1150.00 1148.00 SRI LANKA RUPEE 94.520 94.460 94.570 94.640 94.700 SWEDEN KRONA 7.7040 7.7502 7.7285 7.6700 7.7685 SWITZERLAND FRANC 1.3312 1.3208 1.3148 1.3140 1.3353 TAIWAN DOLLAR 33.780 33.780 33.830 33.780 33.750 THAILAND BAHT 40.080 40.050 39.740 39.600 39.600 *UNITED KINGDOM POUND 1.6642 1.6620 1.6667 1.6750 1.6630 VENEZUELA BOLIVAR 1600.00 1600.00 1600.00 1600.00 1600.00 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 117.57 117.35 117.00 116.97 117.41 2)MAJOR CURRENCY MAR73=100 87.69 87.47 87.09 86.83 87.35 3)OITP JAN97=100 144.03 143.86 143.66 144.11 144.27 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.