H.10(512)                                                              September 20, 2002



 FOREIGN EXCHANGE RATES

 FOR THE WEEK ENDING SEPTEMBER 20, 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       Sep. 16      Sep. 17      Sep. 18      Sep. 19      Sep. 20

 *AUSTRALIA      DOLLAR         0.5487       0.5474       0.5485       0.5510       0.5464
  BRAZIL         REAL           3.1900       3.2245       3.3450       3.4110       3.4350
  CANADA         DOLLAR         1.5830       1.5791       1.5835       1.5727       1.5730
  CHINA, P.R.    YUAN           8.2768       8.2769       8.2669       8.2669       8.2769
  DENMARK        KRONE          7.6400       7.6720       7.5885       7.5710       7.5520
 *EMU MEMBERS    EURO           0.9723       0.9685       0.9789       0.9817       0.9839
  HONG KONG      DOLLAR         7.7996       7.7996       7.7999       7.7998       7.8000
  INDIA          RUPEE         48.43        48.45        48.43        48.44        48.46
  JAPAN          YEN          122.17       122.64       121.49       121.48       123.16
  MALAYSIA       RINGGIT        3.8000       3.8000       3.8000       3.8000       3.8000
  MEXICO         PESO           9.969        9.955       10.010       10.075       10.254
 *NEW ZEALAND    DOLLAR         0.4710       0.4695       0.4704       0.4748       0.4707
  NORWAY         KRONE          7.5490       7.5790       7.5055       7.4595       7.4880
  SINGAPORE      DOLLAR         1.7815       1.7790       1.7724       1.7712       1.7783
  SOUTH AFRICA   RAND          10.7300      10.5800      10.6000      10.5487      10.5900
  SOUTH KOREA    WON         1220.00      1218.60      1213.00      1210.00      1210.00
  SRI LANKA      RUPEE         96.150       96.150       96.160       96.230       96.230
  SWEDEN         KRONA          9.3640       9.4130       9.3030       9.2430       9.1930
  SWITZERLAND    FRANC          1.5100       1.5202       1.4982       1.4920       1.4880
  TAIWAN         DOLLAR        34.750       34.780       34.690       34.610       34.770
  THAILAND       BAHT          43.350       43.030       42.940       43.000       43.340
 *UNITED KINGDOM POUND          1.5440       1.5343       1.5525       1.5545       1.5558
  VENEZUELA      BOLIVAR     1453.51      1446.50      1451.51      1455.51      1468.00

  MEMO:
  UNITED STATES   DOLLAR
1)BROAD          JAN97=100    127.02       127.16       126.82       126.70       127.23
2)MAJOR CURRENCY MAR73=100    101.39       101.61       100.98       100.63       100.90
3)OITP           JAN97=100    143.37       143.35       143.56       143.86       144.71


 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

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 please call publication services at Federal Reserve Board at (202) 452-3244.

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