H.10(512) January 21, 2005 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JANUARY 21, 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. 17 Jan. 18 Jan. 19 Jan. 20 Jan. 21 *AUSTRALIA DOLLAR 0.7578 0.7606 0.7612 0.7712 BRAZIL REAL H 2.7130 2.7040 2.7227 2.6902 CANADA DOLLAR 1.2217 1.2268 1.2334 1.2211 CHINA, P.R. YUAN 8.2765 8.2765 8.2765 8.2765 DENMARK KRONE O 5.7036 5.7027 5.7417 5.7076 *EMU MEMBERS EURO 1.3043 1.3036 1.2959 1.3049 HONG KONG DOLLAR 7.7990 7.7982 7.7990 7.7984 INDIA RUPEE L 43.59 43.61 43.70 43.64 JAPAN YEN 102.36 102.52 103.31 102.85 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 MEXICO PESO I 11.249 11.234 11.250 11.245 *NEW ZEALAND DOLLAR 0.6980 0.7030 0.7056 0.7146 NORWAY KRONE 6.2568 6.2718 6.3257 6.2929 SINGAPORE DOLLAR D 1.6347 1.6303 1.6392 1.6350 SOUTH AFRICA RAND 6.0375 6.0188 6.0550 5.9600 SOUTH KOREA WON 1035.80 1031.00 1031.85 1037.85 SRI LANKA RUPEE A 98.175 98.550 98.500 97.750 SWEDEN KRONA 6.9254 6.9220 6.9711 6.9414 SWITZERLAND FRANC 1.1839 1.1833 1.1904 1.1853 TAIWAN DOLLAR Y 31.880 31.790 31.790 31.840 THAILAND BAHT 38.450 38.430 38.570 38.540 *UNITED KINGDOM POUND 1.8693 1.8742 1.8720 1.8740 VENEZUELA BOLIVAR 1915.20 1915.20 1915.20 1915.20 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 109.55 109.58 109.98 109.54 2)MAJOR CURRENCY MAR73=100 81.15 81.26 81.71 81.15 3)OITP JAN97=100 140.94 140.77 140.96 140.90 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.