Federal Reserve Statistical Release, G.5, Foreign Exchange Rates (Monthly); title with eagle logo links to Statistical Release home page
Release Date: June 02, 2003
Release dates | Dollar indexes, summary measures | Currency weights
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G.5(405) May 30, 2003
 

 

 

FOREIGN EXCHANGE RATES
 

THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN MAY 2003 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)
COUNTRYMONETARY
UNIT
2003
May
2003
April
2003
March
2002
May
 *AUSTRALIA        DOLLAR          0.6468       0.6100       0.6015       0.5498 
  BRAZIL           REAL            2.9517       3.1090       3.4567       2.4753 
  CANADA           DOLLAR          1.3840       1.4582       1.4761       1.5502 
  CHINA, P.R.      YUAN            8.2769       8.2772       8.2773       8.2770 
  DENMARK          KRONE           6.4268       6.8381       6.8807       8.1098 
 *EMU MEMBERS      EURO            1.1556       1.0862       1.0797       0.9170 
  HONG KONG        DOLLAR          7.7991       7.7996       7.7991       7.7994 
  INDIA            RUPEE          47.11        47.39        47.68        49.02   
  JAPAN            YEN           117.37       119.90       118.69       126.38   
  MALAYSIA         RINGGIT         3.8000       3.8000       3.8000       3.8000 
  MEXICO           PESO           10.253       10.589       10.905        9.510  
 *NEW ZEALAND      DOLLAR          0.5756       0.5518       0.5537       0.4610 
  NORWAY           KRONE           6.8145       7.2032       7.2760       8.2050 
  SINGAPORE        DOLLAR          1.7357       1.7771       1.7551       1.8004 
  SOUTH AFRICA     RAND            7.6604       7.6634       8.0506      10.1615 
  SOUTH KOREA      WON          1201.23      1231.10      1237.20      1262.20   
  SRI LANKA        RUPEE          97.230       97.004       96.943       96.318  
  SWEDEN           KRONA           7.9213       8.4314       8.5440      10.0642 
  SWITZERLAND      FRANC           1.3111       1.3783       1.3614       1.5889 
  TAIWAN           DOLLAR         34.697       34.824       34.721       34.454  
  THAILAND         BAHT           42.217       42.929       42.783       42.816  
 *UNITED KINGDOM   POUND           1.6224       1.5739       1.5825       1.4598 
  VENEZUELA        BOLIVAR      1600.00      1600.00      1600.00       985.80   
                       
  MEMO:                
  UNITED STATES    DOLLAR        
1)BROAD            JAN97=100     
2)MAJOR CURRENCY   MAR73=100      89.67        93.98        94.28       103.89   
3)OITP             JAN97=100     142.75       145.15       147.26       139.83   
                       
 

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 January 30, 2003, 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
 

 

 


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