H.10(512) May 24, 2002 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING MAY 24, 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 May. 20 May. 21 May. 22 May. 23 May. 24 *AUSTRALIA DOLLAR 0.5524 0.5553 0.5584 0.5585 0.5558 BRAZIL REAL 2.4720 2.4745 2.5070 2.5380 2.5340 CANADA DOLLAR 1.5415 1.5387 1.5361 1.5338 1.5350 CHINA, P.R. YUAN 8.2769 8.2769 8.2770 8.2770 8.2771 DENMARK KRONE 8.0750 8.0930 8.0280 8.0570 8.0680 *EMU MEMBERS EURO 0.9213 0.9191 0.9265 0.9233 0.9220 HONG KONG DOLLAR 7.7990 7.7994 7.7997 7.8001 7.7999 INDIA RUPEE 49.06 49.01 49.01 49.07 49.02 JAPAN YEN 125.64 123.83 124.16 124.84 124.71 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 9.494 9.510 9.535 9.527 9.562 *NEW ZEALAND DOLLAR 0.4655 0.4670 0.4715 0.4761 0.4707 NORWAY KRONE 8.1860 8.1940 8.0715 8.0730 8.0725 SINGAPORE DOLLAR 1.7922 1.7890 1.7925 1.8003 1.7990 SOUTH AFRICA RAND 10.0500 10.1100 10.1250 10.1450 10.0360 SOUTH KOREA WON 1253.60 1249.60 1242.20 1241.10 1238.20 SRI LANKA RUPEE 96.400 96.400 96.400 96.400 96.450 SWEDEN KRONA 9.9955 9.9830 9.8690 9.8860 9.9080 SWITZERLAND FRANC 1.5785 1.5798 1.5686 1.5755 1.5827 TAIWAN DOLLAR 34.410 34.370 34.340 34.330 34.360 THAILAND BAHT 42.620 42.590 42.820 42.890 42.880 *UNITED KINGDOM POUND 1.4588 1.4568 1.4589 1.4545 1.4577 VENEZUELA BOLIVAR 1004.00 999.00 997.00 999.00 1003.00 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 126.94 126.68 126.54 126.72 126.81 2)MAJOR CURRENCY MAR73=100 103.57 103.22 102.92 103.16 103.21 3)OITP JAN97=100 139.54 139.49 139.63 139.68 139.82 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.