H.10(512) April 2, 2004 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING APRIL 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 Mar. 29 Mar. 30 Mar. 31 Apr. 1 Apr. 2 *AUSTRALIA DOLLAR 0.7484 0.7531 0.7620 0.7671 0.7584 BRAZIL REAL 2.9390 2.9190 2.9070 2.8925 2.8985 CANADA DOLLAR 1.3097 1.3080 1.3100 1.3101 1.3140 CHINA, P.R. YUAN 8.2771 8.2771 8.2770 8.2769 8.2769 DENMARK KRONE 6.1295 6.1000 6.0575 6.0255 6.1500 *EMU MEMBERS EURO 1.2141 1.2202 1.2292 1.2358 1.2109 HONG KONG DOLLAR 7.7975 7.7963 7.7930 7.7883 7.7870 INDIA RUPEE 44.00 44.07 43.40 43.40 43.75 JAPAN YEN 105.52 105.61 104.18 103.70 104.55 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 11.160 11.229 11.183 11.182 11.172 *NEW ZEALAND DOLLAR 0.6529 0.6568 0.6650 0.6678 0.6583 NORWAY KRONE 6.9440 6.9010 6.8600 6.8200 6.9310 SINGAPORE DOLLAR 1.6890 1.6836 1.6750 1.6720 1.6750 SOUTH AFRICA RAND 6.4000 6.3350 6.3235 6.3450 6.4120 SOUTH KOREA WON 1157.80 1154.00 1146.70 1141.40 1141.80 SRI LANKA RUPEE 97.750 97.490 97.850 98.000 97.850 SWEDEN KRONA 7.6305 7.5920 7.5500 7.4650 7.6160 SWITZERLAND FRANC 1.2872 1.2790 1.2677 1.2627 1.2932 TAIWAN DOLLAR 33.150 33.090 33.000 32.890 33.000 THAILAND BAHT 39.620 39.600 39.280 39.160 39.190 *UNITED KINGDOM POUND 1.8163 1.8283 1.8400 1.8564 1.8293 VENEZUELA BOLIVAR 1920.00 1920.00 1920.00 1920.00 1920.00 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 114.04 113.89 113.35 113.04 113.81 2)MAJOR CURRENCY MAR73=100 86.00 85.75 85.24 84.89 85.92 3)OITP JAN97=100 143.51 143.60 143.15 142.99 143.03 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. The source for exchange rates not listed in the table above but used in the calculation of the broad and OITP indexes is Reuters Limited. * 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.