H.10(512) January 2, 2004 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JANUARY 2, 2004 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 Dec. 29 Dec. 30 Dec. 31 Jan. 1 Jan. 2 *AUSTRALIA DOLLAR 0.7422 0.7482 0.7520 0.7576 BRAZIL REAL 2.8700 2.8990 2.8950 H 2.8840 CANADA DOLLAR 1.3103 1.3036 1.2923 1.2900 CHINA, P.R. YUAN 8.2769 8.2767 8.2767 8.2769 DENMARK KRONE 5.9830 5.9475 5.9150 O 5.9141 *EMU MEMBERS EURO 1.2485 1.2521 1.2597 1.2592 HONG KONG DOLLAR 7.7635 7.7645 7.7640 7.7645 INDIA RUPEE 45.66 45.57 45.55 L 45.68 JAPAN YEN 106.93 107.00 107.13 106.95 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 11.235 11.199 11.242 I 11.095 *NEW ZEALAND DOLLAR 0.6487 0.6535 0.6557 0.6588 NORWAY KRONE 6.7490 6.7235 6.6660 6.6590 SINGAPORE DOLLAR 1.7024 1.7034 1.6990 D 1.7022 SOUTH AFRICA RAND 6.7310 6.5875 6.7000 6.5650 SOUTH KOREA WON 1198.00 1197.40 1192.00 1195.10 SRI LANKA RUPEE 96.450 96.930 96.800 A 97.450 SWEDEN KRONA 7.2700 7.2620 7.1950 7.1903 SWITZERLAND FRANC 1.2493 1.2452 1.2380 1.2390 TAIWAN DOLLAR 34.060 34.030 33.990 Y 33.980 THAILAND BAHT 39.650 39.660 39.630 39.540 *UNITED KINGDOM POUND 1.7705 1.7786 1.7842 1.7902 VENEZUELA BOLIVAR 1600.00 1600.00 1600.00 1600.00 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 113.89 113.65 113.34 113.11 2)MAJOR CURRENCY MAR73=100 85.51 85.25 84.81 84.71 3)OITP JAN97=100 144.08 143.97 144.01 143.55 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 in early December 2003, and is reflected in the December 22, 2003 release of this weekly 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.