H.10(512) June 16, 2000 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JUNE 16, 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 Jun. 12 Jun. 13 Jun. 14 Jun. 15 Jun. 16 *AUSTRALIA DOLLAR 0.5912 0.5973 0.6007 0.6015 0.6083 BRAZIL REAL 1.8050 1.8120 1.8125 1.8120 1.8080 CANADA DOLLAR 1.4765 1.4697 1.4695 1.4758 1.4708 CHINA, P.R. YUAN 8.2771 8.2770 8.2768 8.2768 8.2768 DENMARK KRONE 7.8200 7.7550 7.7780 7.8280 7.7310 *EMU MEMBERS EURO 0.9544 0.9619 0.9590 0.9530 0.9648 GREECE DRACHMA 352.30 349.60 350.80 352.30 348.85 HONG KONG DOLLAR 7.7940 7.7936 7.7925 7.7940 7.7942 INDIA RUPEE 44.85 44.80 44.72 44.80 44.83 JAPAN YEN 106.65 106.79 106.89 106.52 106.22 MALAYSIA RINGGIT 3.8005 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 9.857 9.788 9.788 9.847 9.924 *NEW ZEALAND DOLLAR 0.4707 0.4720 0.4757 0.4690 0.4785 NORWAY KRONE 8.6910 8.6265 8.5730 8.6360 8.5755 SINGAPORE DOLLAR 1.7225 1.7213 1.7215 1.7245 1.7258 SOUTH AFRICA RAND 7.0280 7.0050 6.9300 6.9000 6.8300 SOUTH KOREA WON 1113.40 1114.40 1114.50 1115.00 1116.40 SRI LANKA RUPEE 75.250 75.250 75.160 75.200 75.200 SWEDEN KRONA 8.6910 8.6120 8.5330 8.6250 8.6015 SWITZERLAND FRANC 1.6356 1.6255 1.6318 1.6386 1.6178 TAIWAN DOLLAR 30.800 30.800 30.800 30.850 30.900 THAILAND BAHT 39.050 38.990 39.070 39.070 39.180 *UNITED KINGDOM POUND 1.5120 1.5130 1.5023 1.5103 1.5165 VENEZUELA BOLIVAR 680.74 680.81 681.50 681.75 682.01 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 119.39 119.04 119.13 119.36 119.04 2)MAJOR CURRENCY MAR73=100 96.70 96.30 96.45 96.66 96.03 3)OITP JAN97=100 131.59 131.39 131.36 131.58 131.85 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