H.10(512) January 14, 2005 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JANUARY 14, 2005 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 Jan. 10 Jan. 11 Jan. 12 Jan. 13 Jan. 14 *AUSTRALIA DOLLAR 0.7596 0.7642 0.7680 0.7670 0.7586 BRAZIL REAL 2.6955 2.7120 2.6961 2.6990 2.7040 CANADA DOLLAR 1.2194 1.2142 1.1982 1.2005 1.2188 CHINA, P.R. YUAN 8.2765 8.2765 8.2765 8.2765 8.2765 DENMARK KRONE 5.6746 5.6530 5.6010 5.6331 5.6758 *EMU MEMBERS EURO 1.3109 1.3161 1.3281 1.3207 1.3106 HONG KONG DOLLAR 7.7946 7.7955 7.7929 7.7915 7.7962 INDIA RUPEE 43.82 43.68 43.53 43.52 43.55 JAPAN YEN 104.32 103.42 102.26 102.55 102.50 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 11.255 11.217 11.172 11.198 11.238 *NEW ZEALAND DOLLAR 0.6949 0.7002 0.7070 0.7065 0.6981 NORWAY KRONE 6.2675 6.2278 6.1726 6.1952 6.2558 SINGAPORE DOLLAR 1.6440 1.6363 1.6313 1.6310 1.6374 SOUTH AFRICA RAND 5.9760 5.9550 5.9350 6.0057 6.0225 SOUTH KOREA WON 1053.00 1045.00 1042.00 1036.00 1043.00 SRI LANKA RUPEE 97.950 98.100 98.150 98.400 95.750 SWEDEN KRONA 6.8856 6.8616 6.8179 6.8465 6.9050 SWITZERLAND FRANC 1.1792 1.1758 1.1649 1.1726 1.1821 TAIWAN DOLLAR 32.215 31.980 31.850 31.690 31.885 THAILAND BAHT 39.120 39.000 38.850 38.670 38.680 *UNITED KINGDOM POUND 1.8751 1.8796 1.8932 1.8832 1.8695 VENEZUELA BOLIVAR 1915.20 1915.20 1915.20 1915.20 1915.20 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 109.77 109.37 108.61 108.81 109.43 2)MAJOR CURRENCY MAR73=100 81.23 80.83 79.99 80.30 80.97 3)OITP JAN97=100 141.40 141.09 140.70 140.62 140.98 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.