G.5(405) January 31, 2001 FOREIGN EXCHANGE RATES THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN JANUARY 2001 TOGETHER WITH COMPARABLE FIGURES FOR OTHER MONTHS. AVERAGES ARE BASED ON DAILY NOON BUYING RATES FOR CABLE TRANSFERS IN NEW YORK CITY CERTIFIED FOR CUSTOMS PURPOSES BY THE FEDERAL RESERVE BANK OF NEW YORK. (Currency units per U.S. dollar except as noted) MONETARY 2001 2000 2000 2000 COUNTRY UNIT January December November January *AUSTRALIA DOLLAR 0.5552 0.5466 0.5218 0.6560 BRAZIL REAL 1.9561 1.9632 1.9483 1.8057 CANADA DOLLAR 1.5032 1.5219 1.5426 1.4486 CHINA, P.R. YUAN 8.2776 8.2771 8.2774 8.2792 DENMARK KRONE 7.9629 8.3059 8.6992 7.3492 *EMU MEMBERS EURO 0.9376 0.8983 0.8552 1.0131 GREECE DRACHMA N.A. 379.58 397.94 326.86 HONG KONG DOLLAR 7.7998 7.7991 7.7991 7.7791 INDIA RUPEE 46.61 46.78 46.82 43.59 JAPAN YEN 116.67 112.21 109.01 105.30 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 9.769 9.467 9.508 9.494 *NEW ZEALAND DOLLAR 0.4442 0.4297 0.3990 0.5127 NORWAY KRONE 8.7817 9.0616 9.3524 8.0241 SINGAPORE DOLLAR 1.7380 1.7361 1.7478 1.6757 SOUTH AFRICA RAND 7.7786 7.6439 7.6889 6.1309 SOUTH KOREA WON 1272.63 1216.94 1156.54 1130.99 SRI LANKA RUPEE 85.833 82.030 80.380 73.140 SWEDEN KRONA 9.4910 9.6604 10.0965 8.4918 SWITZERLAND FRANC 1.6305 1.6855 1.7779 1.5903 TAIWAN DOLLAR 32.721 33.123 32.433 30.890 THAILAND BAHT 43.149 43.246 43.791 37.380 *UNITED KINGDOM POUND 1.4775 1.4629 1.4258 1.6404 VENEZUELA BOLIVAR 700.02 698.85 695.77 652.81 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 123.63 123.76 124.69 115.95 2)MAJOR CURRENCY MAR73=100 100.31 101.34 103.16 93.14 3)OITP JAN97=100 135.95 134.53 133.79 129.14 This release is available online at http://www.federalreserve.gov/releases/G5. 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 (OITIP) index are derived from the broad index weights. The most recent annual revision to the trade weights and the dollar indexes took effect with the February 1, 2001, 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. 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. The euro is reported in place of the individual eure-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