H.10(512) July 21, 2000 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JULY 21, 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 Jul. 17 Jul. 18 Jul. 19 Jul. 20 Jul. 21 *AUSTRALIA DOLLAR 0.5855 0.5844 0.5750 0.5816 0.5865 BRAZIL REAL 1.8000 1.7980 1.8070 1.8015 1.7940 CANADA DOLLAR 1.4813 1.4783 1.4758 1.4748 1.4715 CHINA, P.R. YUAN 8.2791 8.2796 8.2796 8.2796 8.2795 DENMARK KRONE 7.9720 7.9980 8.0700 8.0235 7.9795 *EMU MEMBERS EURO 0.9351 0.9322 0.9237 0.9292 0.9343 GREECE DRACHMA 360.20 361.10 364.45 362.40 360.85 HONG KONG DOLLAR 7.7973 7.7968 7.7970 7.7970 7.7965 INDIA RUPEE 44.74 44.83 44.85 45.02 44.80 JAPAN YEN 108.53 108.30 108.20 107.89 109.08 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 9.342 9.339 9.415 9.380 9.343 *NEW ZEALAND DOLLAR 0.4579 0.4576 0.4540 0.4609 0.4630 NORWAY KRONE 8.7500 8.7900 8.8540 8.8100 8.7705 SINGAPORE DOLLAR 1.7478 1.7465 1.7460 1.7458 1.7480 SOUTH AFRICA RAND 6.9275 6.9475 6.9800 6.9225 6.9250 SOUTH KOREA WON 1113.10 1113.70 1112.30 1111.60 1113.00 SRI LANKA RUPEE 78.750 78.580 78.500 78.520 78.250 SWEDEN KRONA 8.9680 9.0000 9.0810 9.0200 8.9965 SWITZERLAND FRANC 1.6575 1.6608 1.6781 1.6680 1.6638 TAIWAN DOLLAR 30.960 31.000 31.080 31.130 31.080 THAILAND BAHT 40.310 40.250 40.170 40.230 40.443 *UNITED KINGDOM POUND 1.4920 1.4945 1.4942 1.5094 1.5167 VENEZUELA BOLIVAR 686.20 686.50 686.50 685.50 687.40 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 120.06 120.02 120.27 119.93 119.87 2)MAJOR CURRENCY MAR73=100 98.03 98.02 98.31 97.90 97.86 3)OITP JAN97=100 130.98 130.90 131.04 130.87 130.79 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