H.10(512) December 17, 1999 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING DECEMBER 17, 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 Dec. 13 Dec. 14 Dec. 15 Dec. 16 Dec. 17 *AUSTRALIA DOLLAR 0.6330 0.6352 0.6357 0.6425 0.6426 BRAZIL REAL 1.8560 1.8470 1.8520 1.8430 1.8000 CANADA DOLLAR 1.4796 1.4823 1.4837 1.4785 1.4778 CHINA, P.R. YUAN 8.2795 8.2794 8.2794 8.2794 8.2794 DENMARK KRONE 7.3560 7.3970 7.3965 7.3140 7.3680 *EMU MEMBERS EURO 1.0120 1.0067 1.0066 1.0169 1.0088 GREECE DRACHMA 326.10 327.85 328.15 324.76 327.35 HONG KONG DOLLAR 7.7750 7.7753 7.7747 7.7728 7.7720 INDIA RUPEE 43.57 43.60 43.54 43.55 43.55 JAPAN YEN 103.26 103.47 103.54 103.04 103.27 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 9.412 9.413 9.374 9.363 9.330 *NEW ZEALAND DOLLAR 0.4908 0.4948 0.4926 0.5080 0.5070 NORWAY KRONE 8.0130 8.0560 8.0490 7.9875 7.9905 SINGAPORE DOLLAR 1.6780 1.6800 1.6765 1.6753 1.6743 SOUTH AFRICA RAND 6.1275 6.1300 6.1575 6.1420 6.1475 SOUTH KOREA WON 1128.00 1134.00 1135.00 1131.00 1130.50 SRI LANKA RUPEE 71.750 72.100 72.200 72.150 71.950 SWEDEN KRONA 8.4970 8.5390 8.5270 8.4690 8.5010 SWITZERLAND FRANC 1.5834 1.5895 1.5903 1.5758 1.5888 TAIWAN DOLLAR 31.650 31.650 31.700 31.680 31.680 THAILAND BAHT 38.570 38.650 38.430 38.030 38.200 *UNITED KINGDOM POUND 1.6232 1.6110 1.6085 1.6123 1.6070 VENEZUELA BOLIVAR 643.00 644.11 644.00 644.00 644.00 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 116.30 116.51 116.47 115.99 116.14 2)MAJOR CURRENCY MAR73=100 93.47 93.78 93.84 93.26 93.58 3)OITP JAN97=100 129.44 129.42 129.21 129.03 128.84 This release is available online at http://www.federalreserve.gov/releases/H10. 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/releases/H10/Weights; weights for the major currencies index and the other important trading partners (OITP) index are derived from the broad index weights. The most recent annual revision to the trade weights has produced revised index values that appear in the dollar indexes starting with the November 1, 1999, release. * 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 = 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