H.10(512) June 2, 2000 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JUNE 2, 2000 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 U.S. dollar except as noted) MONETARY COUNTRY UNIT May. 29 May. 30 May. 31 Jun. 1 Jun. 2 *AUSTRALIA DOLLAR 0.5768 0.5708 0.5721 0.5790 BRAZIL REAL H 1.8325 1.8270 1.8210 1.8070 CANADA DOLLAR 1.5036 1.4977 1.4910 1.4785 CHINA, P.R. YUAN 8.2772 8.2773 8.2771 8.2771 DENMARK KRONE O 8.0120 7.9980 8.0225 7.9150 *EMU MEMBERS EURO 0.9314 0.9328 0.9307 0.9432 GREECE DRACHMA 361.85 360.95 362.50 357.25 HONG KONG DOLLAR L 7.7925 7.7927 7.7920 7.7921 INDIA RUPEE 44.65 44.65 44.65 44.70 JAPAN YEN 106.44 107.74 108.74 108.15 MALAYSIA RINGGIT I 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 9.520 9.511 9.490 9.558 *NEW ZEALAND DOLLAR 0.4601 0.4572 0.4561 0.4664 NORWAY KRONE D 8.9470 8.9260 8.9400 8.8095 SINGAPORE DOLLAR 1.7332 1.7345 1.7320 1.7240 SOUTH AFRICA RAND 7.0515 6.9675 6.9875 6.9300 SOUTH KOREA WON A 1137.00 1130.00 1133.00 1125.20 SRI LANKA RUPEE 75.400 74.770 75.300 75.200 SWEDEN KRONA 9.0020 8.9870 8.9680 8.8245 SWITZERLAND FRANC Y 1.6885 1.6883 1.6878 1.6680 TAIWAN DOLLAR 30.960 30.850 30.900 30.850 THAILAND BAHT 39.250 39.220 39.190 38.920 *UNITED KINGDOM POUND 1.4950 1.4968 1.4915 1.5079 VENEZUELA BOLIVAR 683.50 681.75 681.75 678.01 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 120.23 120.26 120.34 119.63 2)MAJOR CURRENCY MAR73=100 98.21 98.35 98.52 97.57 3)OITP JAN97=100 131.09 130.93 130.83 130.70 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. * 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. 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