H.10(512) October 15, 1999 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING OCTOBER 15, 1999 The Board of Governors of the Federal Reserve System is advised that the Federal Reserve Bank of New York has certified for customs purposes the following noon buying rates in New York City for cable transfers payable in foreign currencies: (RATES IN CURRENCY UNITS PER DOLLAR) MONETARY COUNTRY UNIT Oct. 11 Oct. 12 Oct. 13 Oct. 14 Oct. 15 *AUSTRALIA DOLLAR 0.6555 0.6490 0.6500 0.6475 BRAZIL REAL H 1.9500 1.9610 1.9640 1.9880 CANADA DOLLAR 1.4748 1.4815 1.4822 1.4853 CHINA, P.R. YUAN 8.2772 8.2777 8.2774 8.2775 DENMARK KRONE O 6.9247 6.9075 6.8825 6.8290 *EMU MEMBERS EURO 1.0737 1.0758 1.0799 1.0887 GREECE DRACHMA 306.15 305.80 304.75 302.45 HONG KONG DOLLAR L 7.7695 7.7695 7.7695 7.7701 INDIA RUPEE 43.55 43.56 43.55 43.56 JAPAN YEN 106.28 107.45 106.96 105.43 MALAYSIA RINGGIT I 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 9.469 9.520 9.645 9.720 *NEW ZEALAND DOLLAR 0.5167 0.5116 0.5108 0.5113 NORWAY KRONE D 7.7170 7.7265 7.7110 7.6675 SINGAPORE DOLLAR 1.6795 1.6845 1.6785 1.6740 SOUTH AFRICA RAND 6.0775 6.1200 6.1187 6.1350 SOUTH KOREA WON A 1205.00 1205.20 1207.50 1206.00 SRI LANKA RUPEE 71.900 71.900 71.950 72.050 SWEDEN KRONA 8.0940 8.1075 8.1095 8.1050 SWITZERLAND FRANC Y 1.4832 1.4790 1.4735 1.4592 TAIWAN DOLLAR 31.830 31.830 31.830 31.840 THAILAND BAHT 39.470 39.630 39.400 39.230 *UNITED KINGDOM POUND 1.6535 1.6532 1.6575 1.6684 VENEZUELA BOLIVAR 630.50 630.50 630.20 631.00 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 115.11 115.51 115.47 115.12 2)MAJOR CURRENCY MAR73=100 92.21 92.56 92.33 91.77 3)OITP JAN97=100 130.41 130.82 131.12 131.26 This release is available online at http://www.federalreserve.gov/release/. 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/) and "Index of the Weighted-Average Exchange Value of the U.S. Dollar: Revision," Federal Reserve Bulletin, vol. 64 (August 1978), p. 700. Weights for broad index can be found at http://www.federalreserve.gov/; weights for the major currencies index and the other important trading partners (OITP) index are derived from the broad index weights. * Value is U.S. dollars. 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. As of the January 11, 1999 release, the euro is reported in place of the individual euro-area currencies. These currency rates can be derived from the euro rate by using the fixed conversion rates (in currencies per euro) given below: 1 EUR = 40.3399 BELGIAN FRANCS = 1.95583 GERMAN MARKS = 166.386 SPANISH PESETAS = 6.55957 FRENCH FRANCS = .787564 IRISH POUNDS = 1936.27 ITALIAN LIRE = 40.3399 LUXEMBOURG FRANCS = 2.20371 DUTCH GUILDERS = 13.7603 AUSTRIAN SCHILLINGS = 200.482 PORTUGUESE ESCUDOS = 5.94573 FINNISH MARKKAS