H.10(512) March 23, 2001 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING MARCH 23, 2001 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 Mar. 19 Mar. 20 Mar. 21 Mar. 22 Mar. 23 *AUSTRALIA DOLLAR 0.4984 0.4997 0.4936 0.4913 0.4963 BRAZIL REAL 2.1710 2.1000 2.1070 2.1460 2.1720 CANADA DOLLAR 1.5698 1.5611 1.5730 1.5742 1.5667 CHINA, P.R. YUAN 8.2772 8.2772 8.2771 8.2768 8.2773 DENMARK KRONE 8.3025 8.2680 8.3175 8.4075 8.3630 *EMU MEMBERS EURO 0.8985 0.9054 0.8970 0.8881 0.8926 HONG KONG DOLLAR 7.7995 7.7996 7.7995 7.7994 7.7998 INDIA RUPEE 46.72 46.71 46.71 46.74 46.72 JAPAN YEN 122.57 122.73 123.62 123.84 122.64 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 9.573 9.515 9.535 9.585 9.663 *NEW ZEALAND DOLLAR 0.4180 0.4182 0.4145 0.4137 0.4167 NORWAY KRONE 9.0300 9.0010 9.0605 9.1275 9.0600 SINGAPORE DOLLAR 1.7685 1.7765 1.7855 1.7890 1.7847 SOUTH AFRICA RAND 8.0000 7.9775 7.9950 8.0300 7.9700 SOUTH KOREA WON 1298.00 1297.01 1310.00 1324.00 1310.00 SRI LANKA RUPEE 85.550 85.550 85.750 85.750 85.600 SWEDEN KRONA 10.1950 10.1260 10.2540 10.4300 10.2530 SWITZERLAND FRANC 1.7068 1.6957 1.7085 1.7233 1.7155 TAIWAN DOLLAR 32.800 32.785 32.820 32.920 32.850 THAILAND BAHT 43.890 44.070 44.300 44.447 44.220 *UNITED KINGDOM POUND 1.4237 1.4285 1.4310 1.4223 1.4292 VENEZUELA BOLIVAR 705.66 705.26 705.51 706.25 707.25 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 126.69 126.26 126.91 127.47 127.06 2)MAJOR CURRENCY MAR73=100 104.95 104.49 105.27 105.78 105.11 3)OITP JAN97=100 135.85 135.54 135.85 136.37 136.47 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/). Weights for the 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 and dollar indexes took effect with the February 5, 2001, release of this report. * 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. The euro is reported in place of the individual euro-area currencies. These currency rates can be derived from the dollar/euro rate by using the fixed conversion rates (in currencies per euro) given below: 1 EURO = 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 = 340.750 GREEK DRACHMAS 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.