H.10(512) February 28, 2003 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING FEBRUARY 28, 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. 24 Feb. 25 Feb. 26 Feb. 27 Feb. 28 *AUSTRALIA DOLLAR 0.6057 0.6053 0.6075 0.6054 0.6075 BRAZIL REAL 3.5970 3.6080 3.5885 3.5660 3.5650 CANADA DOLLAR 1.4944 1.4928 1.4939 1.4954 1.4880 CHINA, P.R. YUAN 8.2777 8.2778 8.2774 8.2775 8.2775 DENMARK KRONE 6.8890 6.8890 6.8810 6.9030 6.8925 *EMU MEMBERS EURO 1.0783 1.0782 1.0797 1.0763 1.0779 HONG KONG DOLLAR 7.7992 7.7989 7.7990 7.7991 7.7991 INDIA RUPEE 47.74 47.74 47.67 47.66 47.66 JAPAN YEN 117.78 117.14 117.19 117.58 118.22 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 10.984 11.064 11.038 11.023 11.029 *NEW ZEALAND DOLLAR 0.5654 0.5657 0.5652 0.5620 0.5580 NORWAY KRONE 7.0415 7.0707 7.0830 7.1980 7.1680 SINGAPORE DOLLAR 1.7390 1.7325 1.7355 1.7361 1.7374 SOUTH AFRICA RAND 8.1438 8.1000 8.0800 8.0200 8.0955 SOUTH KOREA WON 1187.10 1192.00 1186.00 1186.00 1193.70 SRI LANKA RUPEE 96.870 96.900 96.880 96.900 96.920 SWEDEN KRONA 8.4650 8.4530 8.4210 8.4820 8.5050 SWITZERLAND FRANC 1.3592 1.3538 1.3550 1.3598 1.3557 TAIWAN DOLLAR 34.760 34.720 34.780 34.750 34.780 THAILAND BAHT 42.810 42.690 42.750 42.680 42.800 *UNITED KINGDOM POUND 1.5860 1.5727 1.5806 1.5798 1.5737 VENEZUELA BOLIVAR 1600.00 1600.00 1600.00 1600.00 1600.00 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 123.72 123.75 123.65 123.77 123.78 2)MAJOR CURRENCY MAR73=100 94.47 94.38 94.32 94.54 94.48 3)OITP JAN97=100 147.34 147.59 147.43 147.33 147.46 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.