H.10(512) March 8, 2002 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING MARCH 8, 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 Mar. 4 Mar. 5 Mar. 6 Mar. 7 Mar. 8 *AUSTRALIA DOLLAR 0.5202 0.5207 0.5216 0.5253 0.5235 BRAZIL REAL 2.3410 2.3360 2.3520 2.3650 2.3500 CANADA DOLLAR 1.5900 1.5905 1.5835 1.5823 1.5857 CHINA, P.R. YUAN 8.2767 8.2770 8.2766 8.2771 8.2771 DENMARK KRONE 8.5325 8.5435 8.4750 8.4510 8.4935 *EMU MEMBERS EURO 0.8705 0.8699 0.8772 0.8795 0.8752 HONG KONG DOLLAR 7.7995 7.7997 7.7998 7.7997 7.8000 INDIA RUPEE 48.72 48.72 48.71 48.76 48.76 JAPAN YEN 132.20 132.31 130.85 127.07 128.21 MALAYSIA RINGGIT 3.8005 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 9.080 9.078 9.087 9.076 9.071 *NEW ZEALAND DOLLAR 0.4262 0.4260 0.4285 0.4301 0.4305 NORWAY KRONE 8.8475 8.8320 8.7980 8.7650 8.8120 SINGAPORE DOLLAR 1.8260 1.8242 1.8250 1.8176 1.8215 SOUTH AFRICA RAND 10.9750 11.0050 11.0220 11.5900 11.6800 SOUTH KOREA WON 1318.20 1316.40 1316.30 1314.50 1314.30 SRI LANKA RUPEE 93.900 94.200 94.400 94.400 94.500 SWEDEN KRONA 10.3925 10.3890 10.3160 10.3090 10.3720 SWITZERLAND FRANC 1.6970 1.6977 1.6819 1.6730 1.6810 TAIWAN DOLLAR 35.090 35.070 35.030 34.990 34.950 THAILAND BAHT 43.610 43.620 43.530 43.270 43.370 *UNITED KINGDOM POUND 1.4228 1.4212 1.4238 1.4245 1.4227 VENEZUELA BOLIVAR 981.00 945.26 976.26 966.25 936.25 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 129.59 129.60 129.15 128.51 128.83 2)MAJOR CURRENCY MAR73=100 108.34 108.40 107.63 106.72 107.23 3)OITP JAN97=100 138.34 138.27 138.41 138.31 138.28 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.