H.10(512) December 20, 2002 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING DECEMBER 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 Dec. 16 Dec. 17 Dec. 18 Dec. 19 Dec. 20 *AUSTRALIA DOLLAR 0.5660 0.5660 0.5650 0.5650 0.5618 BRAZIL REAL 3.5980 3.5800 3.5325 3.4650 3.4390 CANADA DOLLAR 1.5627 1.5510 1.5538 1.5478 1.5525 CHINA, P.R. YUAN 8.2773 8.2776 8.2774 8.2800 8.2800 DENMARK KRONE 7.2750 7.2345 7.2460 7.2640 7.2335 *EMU MEMBERS EURO 1.0210 1.0267 1.0254 1.0217 1.0268 HONG KONG DOLLAR 7.7990 7.7986 7.7980 7.7980 7.7985 INDIA RUPEE 48.18 48.16 48.15 48.11 48.03 JAPAN YEN 121.28 121.27 121.12 120.86 120.52 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 10.195 10.208 10.240 10.192 10.195 *NEW ZEALAND DOLLAR 0.5135 0.5174 0.5143 0.5165 0.5150 NORWAY KRONE 7.1400 7.1175 7.1250 7.1270 7.0980 SINGAPORE DOLLAR 1.7490 1.7480 1.7457 1.7450 1.7442 SOUTH AFRICA RAND 8.7400 9.1100 8.9500 9.0000 8.9250 SOUTH KOREA WON 1203.40 1204.00 1202.00 1202.00 1205.00 SRI LANKA RUPEE 96.750 96.750 96.750 96.750 96.750 SWEDEN KRONA 8.9020 8.8695 8.8680 8.9160 8.8650 SWITZERLAND FRANC 1.4448 1.4323 1.4296 1.4310 1.4250 TAIWAN DOLLAR 34.750 34.740 34.800 34.840 34.800 THAILAND BAHT 43.190 43.100 43.060 43.000 43.100 *UNITED KINGDOM POUND 1.5905 1.5963 1.6000 1.5986 1.6015 VENEZUELA BOLIVAR 1296.50 1275.00 1256.00 1275.00 1335.00 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 125.56 125.25 125.29 125.18 125.10 2)MAJOR CURRENCY MAR73=100 98.83 98.38 98.42 98.37 98.23 3)OITP JAN97=100 144.12 144.14 144.14 143.95 144.01 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.