H.10(512)                                                               February 22, 2002



 FOREIGN EXCHANGE RATES

 FOR THE WEEK ENDING FEBRUARY 22, 2002

 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       Feb. 18      Feb. 19      Feb. 20      Feb. 21      Feb. 22

 *AUSTRALIA      DOLLAR                      0.5177       0.5171       0.5169       0.5133
  BRAZIL         REAL            H           2.4265       2.4280       2.4220       2.4240
  CANADA         DOLLAR                      1.5885       1.5905       1.5914       1.5945
  CHINA, P.R.    YUAN                        8.2770       8.2768       8.2766       8.2765
  DENMARK        KRONE           O           8.4830       8.5330       8.5360       8.4880
 *EMU MEMBERS    EURO                        0.8764       0.8705       0.8712       0.8757
  HONG KONG      DOLLAR                      7.7994       7.7995       7.7994       7.7994
  INDIA          RUPEE           L          48.67        48.64        48.69        48.79
  JAPAN          YEN                       133.45       133.76       134.27       133.85
  MALAYSIA       RINGGIT                     3.8005       3.8005       3.8000       3.8000
  MEXICO         PESO            I           9.071        9.089        9.078        9.115
 *NEW ZEALAND    DOLLAR                      0.4209       0.4204       0.4186       0.4186
  NORWAY         KRONE                       8.8810       8.9290       8.8960       8.8710
  SINGAPORE      DOLLAR          D           1.8302       1.8290       1.8313       1.8328
  SOUTH AFRICA   RAND                       11.5150      11.4100      11.4400      11.4400
  SOUTH KOREA    WON                      1321.00      1320.00      1318.80      1322.00
  SRI LANKA      RUPEE           A          93.600       93.700       93.700       93.700
  SWEDEN         KRONA                      10.4950      10.5650      10.4995      10.4450
  SWITZERLAND    FRANC                       1.6895       1.6999       1.6987       1.6890
  TAIWAN         DOLLAR          Y          35.100       35.100       35.100       35.100
  THAILAND       BAHT                       43.800       43.770       43.900       43.890
 *UNITED KINGDOM POUND                       1.4302       1.4269       1.4253       1.4301
  VENEZUELA      BOLIVAR                   934.00       955.00       982.00      1073.25

  MEMO:
  UNITED STATES   DOLLAR
1)BROAD          JAN97=100                 129.44       129.71       129.78       129.76
2)MAJOR CURRENCY MAR73=100                 108.31       108.69       108.78       108.55
3)OITP           JAN97=100                 138.05       138.10       138.14       138.43


 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 January 7, 2002, 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.