G.5(405) November 29, 2002 FOREIGN EXCHANGE RATES THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN NOVEMBER 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 November October September November *AUSTRALIA DOLLAR 0.5613 0.5502 0.5465 0.5165 BRAZIL REAL 3.5924 3.7966 3.3548 2.5481 CANADA DOLLAR 1.5715 1.5780 1.5761 1.5922 CHINA, P.R. YUAN 8.2772 8.2772 8.2760 8.2769 DENMARK KRONE 7.4201 7.5732 7.5752 8.3832 *EMU MEMBERS EURO 1.0013 0.9812 0.9806 0.8883 HONG KONG DOLLAR 7.7994 7.7995 7.7999 7.7996 INDIA RUPEE 48.29 48.39 48.46 48.04 JAPAN YEN 121.61 123.91 121.08 122.41 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 10.195 10.094 10.071 9.225 *NEW ZEALAND DOLLAR 0.4973 0.4818 0.4702 0.4158 NORWAY KRONE 7.3157 7.4873 7.5018 8.9296 SINGAPORE DOLLAR 1.7653 1.7843 1.7682 1.8295 SOUTH AFRICA RAND 9.6509 10.3058 10.5967 9.7388 SOUTH KOREA WON 1210.20 1240.19 1211.61 1282.10 SRI LANKA RUPEE 96.426 96.402 96.207 92.670 SWEDEN KRONA 9.0652 9.2846 9.3400 10.6117 SWITZERLAND FRANC 1.4658 1.4932 1.4931 1.6509 TAIWAN DOLLAR 34.673 34.947 34.573 34.498 THAILAND BAHT 43.353 43.640 42.893 44.411 *UNITED KINGDOM POUND 1.5711 1.5575 1.5563 1.4356 VENEZUELA BOLIVAR 1358.61 1440.50 1458.39 745.10 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 126.38 127.69 126.67 127.33 2)MAJOR CURRENCY MAR73=100 99.83 101.24 100.68 105.64 3)OITP JAN97=100 144.43 145.28 143.71 137.19 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