H.10(512) December 7, 2001 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING DECEMBER 7, 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 Dec. 3 Dec. 4 Dec. 5 Dec. 6 Dec. 7 *AUSTRALIA DOLLAR 0.5183 0.5155 0.5170 0.5182 0.5156 BRAZIL REAL 2.4630 2.4270 2.4238 2.4270 2.4000 CANADA DOLLAR 1.5762 1.5729 1.5716 1.5767 1.5725 CHINA, P.R. YUAN 8.2770 8.2771 8.2772 8.2773 8.2772 DENMARK KRONE 8.3730 8.3685 8.4080 8.3540 8.3680 *EMU MEMBERS EURO 0.8897 0.8898 0.8856 0.8916 0.8905 HONG KONG DOLLAR 7.7990 7.7995 7.7998 7.7997 7.7992 INDIA RUPEE 47.93 47.93 47.94 47.90 47.86 JAPAN YEN 123.90 124.28 124.40 124.83 125.66 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 9.205 9.223 9.219 9.245 9.218 *NEW ZEALAND DOLLAR 0.4154 0.4120 0.4145 0.4163 0.4146 NORWAY KRONE 8.9790 8.9955 9.0130 8.9575 8.9570 SINGAPORE DOLLAR 1.8380 1.8360 1.8355 1.8291 1.8339 SOUTH AFRICA RAND 10.3600 10.5962 10.8260 10.9300 11.1700 SOUTH KOREA WON 1278.00 1274.10 1270.90 1274.40 1274.00 SRI LANKA RUPEE 93.300 93.300 93.300 93.300 93.300 SWEDEN KRONA 10.7285 10.6600 10.6100 10.4980 10.4610 SWITZERLAND FRANC 1.6550 1.6545 1.6639 1.6553 1.6590 TAIWAN DOLLAR 34.460 34.460 34.460 34.460 34.460 THAILAND BAHT 43.990 44.100 43.970 43.910 43.830 *UNITED KINGDOM POUND 1.4217 1.4216 1.4164 1.4250 1.4315 VENEZUELA BOLIVAR 747.75 748.25 749.00 749.25 750.00 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 127.59 127.57 127.66 127.60 127.60 2)MAJOR CURRENCY MAR73=100 105.57 105.58 105.76 105.64 105.74 3)OITP JAN97=100 137.01 136.94 136.87 136.92 136.77 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.