G.5(405) July 31, 2002 FOREIGN EXCHANGE RATES THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN JULY 2002 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 2002 2002 2002 2001 COUNTRY UNIT July June May July *AUSTRALIA DOLLAR 0.5538 0.5682 0.5498 0.5089 BRAZIL REAL 2.9414 2.7144 2.4753 2.4731 CANADA DOLLAR 1.5456 1.5318 1.5502 1.5308 CHINA, P.R. YUAN 8.3223 8.2767 8.2770 8.2769 DENMARK KRONE 7.4807 7.7775 8.1098 8.6442 *EMU MEMBERS EURO 0.9935 0.9561 0.9170 0.8615 HONG KONG DOLLAR 7.8000 7.8000 7.7994 7.7999 INDIA RUPEE 48.79 48.98 49.02 47.18 JAPAN YEN 117.90 123.29 126.38 124.50 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 9.779 9.767 9.510 9.168 *NEW ZEALAND DOLLAR 0.4809 0.4886 0.4610 0.4081 NORWAY KRONE 7.4694 7.7533 8.2050 9.2566 SINGAPORE DOLLAR 1.7524 1.7831 1.8004 1.8233 SOUTH AFRICA RAND 10.1032 10.1841 10.1615 8.2094 SOUTH KOREA WON 1179.99 1219.70 1262.20 1305.24 SRI LANKA RUPEE 96.265 96.408 96.318 90.314 SWEDEN KRONA 9.3474 9.5376 10.0642 10.7603 SWITZERLAND FRANC 1.4718 1.5399 1.5889 1.7570 TAIWAN DOLLAR 33.272 33.889 34.454 34.821 THAILAND BAHT 41.257 42.160 42.816 45.641 *UNITED KINGDOM POUND 1.5565 1.4837 1.4598 1.4148 VENEZUELA BOLIVAR 1317.38 1212.07 985.80 722.72 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 124.25 125.96 127.35 127.65 2)MAJOR CURRENCY MAR73=100 98.97 101.42 104.09 106.11 3)OITP JAN97=100 140.60 140.70 139.71 137.20 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, 2002, 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