H.10(512) July 18, 2003 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JULY 18, 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 Jul. 14 Jul. 15 Jul. 16 Jul. 17 Jul. 18 *AUSTRALIA DOLLAR 0.6600 0.6518 0.6565 0.6517 0.6454 BRAZIL REAL 2.8790 2.8400 2.8640 2.8600 2.8700 CANADA DOLLAR 1.3739 1.3927 1.3874 1.3973 1.4114 CHINA, P.R. YUAN 8.2771 8.2772 8.2770 8.2771 8.2770 DENMARK KRONE 6.5850 6.6190 6.6285 6.6600 6.6135 *EMU MEMBERS EURO 1.1298 1.1233 1.1209 1.1164 1.1239 HONG KONG DOLLAR 7.7998 7.7995 7.7998 7.7997 7.7950 INDIA RUPEE 46.06 46.13 46.23 46.23 46.29 JAPAN YEN 117.54 117.24 118.24 118.87 118.40 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 10.385 10.430 10.392 10.339 10.380 *NEW ZEALAND DOLLAR 0.5903 0.5831 0.5855 0.5820 0.5728 NORWAY KRONE 7.3775 7.4293 7.4360 7.4900 7.4024 SINGAPORE DOLLAR 1.7560 1.7553 1.7575 1.7622 1.7612 SOUTH AFRICA RAND 7.5800 7.6600 7.8000 7.7350 7.7050 SOUTH KOREA WON 1176.30 1180.00 1180.00 1180.00 1181.00 SRI LANKA RUPEE 97.140 97.130 97.150 97.150 97.150 SWEDEN KRONA 8.0850 8.1500 8.1820 8.2675 8.2328 SWITZERLAND FRANC 1.3722 1.3818 1.3760 1.3772 1.3673 TAIWAN DOLLAR 34.350 34.350 34.410 34.410 34.410 THAILAND BAHT 41.630 41.500 41.650 41.720 41.760 *UNITED KINGDOM POUND 1.6238 1.5986 1.5952 1.5893 1.5867 VENEZUELA BOLIVAR 1600.00 1600.00 1600.00 1600.00 1600.00 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 118.83 119.35 119.44 119.73 119.84 2)MAJOR CURRENCY MAR73=100 90.25 90.92 91.04 91.52 91.54 3)OITP JAN97=100 142.42 142.53 142.54 142.40 142.64 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.