G.5(405) June 29, 2001 FOREIGN EXCHANGE RATES THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN JUNE 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 2001 2001 2000 COUNTRY UNIT June May April June *AUSTRALIA DOLLAR 0.5180 0.5199 0.5016 0.5949 BRAZIL REAL 2.3788 2.2926 2.1934 1.8099 CANADA DOLLAR 1.5245 1.5411 1.5578 1.4770 CHINA, P.R. YUAN 8.2770 8.2770 8.2771 8.2772 DENMARK KRONE 8.7397 8.5256 8.3657 7.8501 *EMU MEMBERS EURO 0.8530 0.8753 0.8925 0.9505 GREECE DRACHMA N.A. N.A. N.A. 354.14 HONG KONG DOLLAR 7.7997 7.7999 7.7993 7.7934 INDIA RUPEE 47.04 46.95 46.79 44.76 JAPAN YEN 122.35 121.77 123.77 106.13 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 9.088 9.148 9.328 9.834 *NEW ZEALAND DOLLAR 0.4141 0.4218 0.4069 0.4705 NORWAY KRONE 9.3014 9.1380 9.0920 8.6807 SINGAPORE DOLLAR 1.8170 1.8141 1.8118 1.7277 SOUTH AFRICA RAND 8.0595 7.9789 8.0783 6.9147 SOUTH KOREA WON 1295.05 1298.90 1327.76 1117.94 SRI LANKA RUPEE 90.371 90.848 88.205 76.736 SWEDEN KRONA 10.7930 10.3513 10.2035 8.7471 SWITZERLAND FRANC 1.7856 1.7528 1.7131 1.6420 TAIWAN DOLLAR 34.328 33.203 32.940 30.830 THAILAND BAHT 45.263 45.525 45.494 39.087 *UNITED KINGDOM POUND 1.4020 1.4265 1.4348 1.5092 VENEZUELA BOLIVAR 717.27 714.86 710.39 680.96 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 127.58 126.77 126.97 118.94 2)MAJOR CURRENCY MAR73=100 105.91 105.03 105.09 96.66 3)OITP JAN97=100 136.43 135.92 136.30 130.66 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