H.10(512) October 18, 2002 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING OCTOBER 18, 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 Oct. 14 Oct. 15 Oct. 16 Oct. 17 Oct. 18 *AUSTRALIA DOLLAR 0.5467 0.5487 0.5500 0.5498 BRAZIL REAL H 3.8550 3.8800 3.8800 3.8800 CANADA DOLLAR 1.5857 1.5840 1.5725 1.5723 CHINA, P.R. YUAN 8.2768 8.2768 8.2768 8.2768 DENMARK KRONE O 7.5750 7.5640 7.6450 7.6540 *EMU MEMBERS EURO 0.9810 0.9824 0.9718 0.9708 HONG KONG DOLLAR 7.8000 7.7994 7.7993 7.7991 INDIA RUPEE L 48.36 48.41 48.42 48.44 JAPAN YEN 124.66 124.30 124.80 125.52 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 MEXICO PESO I 10.068 10.070 10.000 9.990 *NEW ZEALAND DOLLAR 0.4795 0.4808 0.4812 0.4811 NORWAY KRONE 7.4370 7.4670 7.6450 7.6275 SINGAPORE DOLLAR D 1.8035 1.7890 1.7850 1.7913 SOUTH AFRICA RAND 10.4450 10.4120 10.3000 10.3800 SOUTH KOREA WON 1260.00 1246.90 1249.00 1244.00 SRI LANKA RUPEE A 96.400 96.400 96.400 96.400 SWEDEN KRONA 9.2410 9.2420 9.3825 9.3840 SWITZERLAND FRANC 1.4958 1.4924 1.5119 1.5140 TAIWAN DOLLAR Y 35.150 34.960 34.850 34.910 THAILAND BAHT 44.190 43.830 43.680 43.800 *UNITED KINGDOM POUND 1.5542 1.5543 1.5525 1.5461 VENEZUELA BOLIVAR 1443.00 1408.01 1373.01 1412.50 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 128.14 127.88 127.91 128.07 2)MAJOR CURRENCY MAR73=100 101.58 101.41 101.68 101.88 3)OITP JAN97=100 145.83 145.46 145.09 145.12 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.