H.10(512) January 17, 2003 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JANUARY 17, 2003 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 Jan. 13 Jan. 14 Jan. 15 Jan. 16 Jan. 17 *AUSTRALIA DOLLAR 0.5833 0.5832 0.5848 0.5870 0.5909 BRAZIL REAL 3.3070 3.2650 3.3200 3.2890 3.3730 CANADA DOLLAR 1.5423 1.5396 1.5353 1.5366 1.5355 CHINA, P.R. YUAN 8.2768 8.2800 8.2770 8.2771 8.2771 DENMARK KRONE 7.0535 7.0295 7.0260 7.0270 6.9715 *EMU MEMBERS EURO 1.0535 1.0571 1.0576 1.0569 1.0660 HONG KONG DOLLAR 7.7990 7.7991 7.7990 7.7990 7.7992 INDIA RUPEE 47.96 47.95 47.97 47.96 47.96 JAPAN YEN 119.03 117.96 117.91 118.02 117.88 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 10.540 10.534 10.493 10.510 10.582 *NEW ZEALAND DOLLAR 0.5382 0.5382 0.5380 0.5431 0.5511 NORWAY KRONE 6.9520 6.9375 6.8940 6.8720 6.8290 SINGAPORE DOLLAR 1.7375 1.7328 1.7342 1.7333 1.7330 SOUTH AFRICA RAND 8.6650 8.8400 8.7537 8.8700 8.8800 SOUTH KOREA WON 1177.00 1176.00 1175.00 1171.00 1173.50 SRI LANKA RUPEE 96.800 96.800 96.800 96.800 96.800 SWEDEN KRONA 8.6985 8.6720 8.6700 8.6760 8.6245 SWITZERLAND FRANC 1.3868 1.3840 1.3829 1.3828 1.3678 TAIWAN DOLLAR 34.510 34.480 34.440 34.400 34.420 THAILAND BAHT 42.790 42.600 42.700 42.690 42.740 *UNITED KINGDOM POUND 1.6030 1.6070 1.6029 1.6073 1.6173 VENEZUELA BOLIVAR 1587.50 1653.50 1693.50 1733.00 1780.00 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 124.35 124.03 123.95 123.97 123.87 2)MAJOR CURRENCY MAR73=100 96.79 96.40 96.30 96.34 95.95 3)OITP JAN97=100 144.66 144.53 144.50 144.48 144.95 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.