H.10(512) February 14, 2003 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING FEBRUARY 14, 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 Feb. 10 Feb. 11 Feb. 12 Feb. 13 Feb. 14 *AUSTRALIA DOLLAR 0.5894 0.5893 0.5900 0.5960 0.5921 BRAZIL REAL 3.6050 3.5810 3.5950 3.6400 3.6640 CANADA DOLLAR 1.5315 1.5303 1.5290 1.5199 1.5191 CHINA, P.R. YUAN 8.2773 8.2775 8.2778 8.2773 8.2773 DENMARK KRONE 6.9300 6.9170 6.9375 6.8625 6.8820 *EMU MEMBERS EURO 1.0740 1.0747 1.0716 1.0834 1.0799 HONG KONG DOLLAR 7.7998 7.7995 7.7997 7.8000 7.7995 INDIA RUPEE 47.69 47.70 47.89 47.87 47.92 JAPAN YEN 121.25 121.19 121.30 120.49 120.41 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 10.986 10.955 10.978 10.970 10.887 *NEW ZEALAND DOLLAR 0.5488 0.5489 0.5492 0.5537 0.5517 NORWAY KRONE 6.9475 6.9500 6.9730 6.9600 6.9710 SINGAPORE DOLLAR 1.7580 1.7538 1.7582 1.7540 1.7538 SOUTH AFRICA RAND 8.5701 8.3850 8.3650 8.3580 8.3150 SOUTH KOREA WON 1196.60 1206.00 1199.40 1203.50 1196.50 SRI LANKA RUPEE 96.900 96.890 96.890 96.850 96.870 SWEDEN KRONA 8.5450 8.5120 8.5245 8.4100 8.4430 SWITZERLAND FRANC 1.3660 1.3653 1.3700 1.3559 1.3618 TAIWAN DOLLAR 34.780 34.710 34.710 34.710 34.819 THAILAND BAHT 43.180 43.090 43.020 43.030 43.120 *UNITED KINGDOM POUND 1.6275 1.6193 1.6155 1.6209 1.6105 VENEZUELA BOLIVAR 1923.50 1923.50 1923.50 1600.00 1600.00 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 124.86 124.81 124.91 124.32 124.33 2)MAJOR CURRENCY MAR73=100 95.81 95.79 95.90 95.15 95.30 3)OITP JAN97=100 147.79 147.70 147.76 147.63 147.38 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 30, 2003 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.