H.10(512) August 1, 2003 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING AUGUST 1, 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. 28 Jul. 29 Jul. 30 Jul. 31 Aug. 1 *AUSTRALIA DOLLAR 0.6639 0.6653 0.6525 0.6474 0.6538 BRAZIL REAL 2.8985 2.9290 2.9500 2.9650 3.0050 CANADA DOLLAR 1.3827 1.3857 1.4002 1.4074 1.3960 CHINA, P.R. YUAN 8.2775 8.2776 8.2773 8.2774 8.2272 DENMARK KRONE 6.4645 6.4837 6.5405 6.6165 6.6050 *EMU MEMBERS EURO 1.1497 1.1466 1.1367 1.1231 1.1252 HONG KONG DOLLAR 7.7993 7.7995 7.7992 7.7990 7.7993 INDIA RUPEE 46.15 46.13 46.15 46.15 46.18 JAPAN YEN 119.42 119.78 120.55 120.42 120.00 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 10.470 10.485 10.477 10.585 10.590 *NEW ZEALAND DOLLAR 0.5872 0.5911 0.5834 0.5789 0.5857 NORWAY KRONE 7.1535 7.1903 7.2195 7.2880 7.2575 SINGAPORE DOLLAR 1.7511 1.7555 1.7580 1.7595 1.7605 SOUTH AFRICA RAND 7.3576 7.3725 7.3933 7.3801 7.4500 SOUTH KOREA WON 1183.00 1178.70 1180.00 1181.00 1185.00 SRI LANKA RUPEE 97.200 97.150 97.150 97.160 97.130 SWEDEN KRONA 7.9865 8.0108 8.0770 8.2200 8.2235 SWITZERLAND FRANC 1.3456 1.3497 1.3642 1.3736 1.3668 TAIWAN DOLLAR 34.400 34.370 34.400 34.410 34.440 THAILAND BAHT 42.030 42.040 42.060 42.000 42.030 *UNITED KINGDOM POUND 1.6272 1.6225 1.6167 1.6090 1.6045 VENEZUELA BOLIVAR 1600.00 1600.00 1600.00 1600.00 1600.00 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 118.99 119.22 119.81 120.38 120.14 2)MAJOR CURRENCY MAR73=100 90.14 90.37 91.15 91.72 91.35 3)OITP JAN97=100 143.06 143.24 143.30 143.73 143.78 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.