H.10(512) December 19, 2003 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING DECEMBER 19, 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 Dec. 15 Dec. 16 Dec. 17 Dec. 18 Dec. 19 *AUSTRALIA DOLLAR 0.7429 0.7436 0.7408 0.7374 0.7365 BRAZIL REAL 2.9220 2.9375 2.9360 2.9330 2.9300 CANADA DOLLAR 1.3129 1.3185 1.3250 1.3295 1.3405 CHINA, P.R. YUAN 8.2772 8.2771 8.2769 8.2765 8.2770 DENMARK KRONE 6.0540 6.0375 6.0125 6.0152 6.0060 *EMU MEMBERS EURO 1.2290 1.2328 1.2381 1.2376 1.2380 HONG KONG DOLLAR 7.7635 7.7630 7.7637 7.7654 7.7651 INDIA RUPEE 45.55 45.50 45.55 45.50 45.54 JAPAN YEN 107.52 107.60 107.42 107.92 107.94 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 11.294 11.292 11.270 11.208 11.233 *NEW ZEALAND DOLLAR 0.6486 0.6506 0.6481 0.6450 0.6440 NORWAY KRONE 6.6930 6.6750 6.7125 6.7545 6.7110 SINGAPORE DOLLAR 1.7100 1.7059 1.7090 1.7084 1.7095 SOUTH AFRICA RAND 6.3200 6.3750 6.5300 6.6700 6.9250 SOUTH KOREA WON 1183.00 1192.00 1188.70 1189.00 1194.00 SRI LANKA RUPEE 96.450 96.350 96.300 96.140 96.050 SWEDEN KRONA 7.3420 7.3275 7.2850 7.3380 7.3260 SWITZERLAND FRANC 1.2635 1.2595 1.2553 1.2555 1.2565 TAIWAN DOLLAR 34.030 34.020 34.020 34.050 34.050 THAILAND BAHT 39.730 39.640 39.680 39.680 39.650 *UNITED KINGDOM POUND 1.7450 1.7510 1.7615 1.7673 1.7675 VENEZUELA BOLIVAR 1600.00 1600.00 1600.00 1600.00 1600.00 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 114.51 114.53 114.44 114.50 114.69 2)MAJOR CURRENCY MAR73=100 86.27 86.26 86.18 86.35 86.56 3)OITP JAN97=100 144.26 144.34 144.27 144.07 144.19 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 in early December 2003, and is reflected in the December 22, 2003 release of this weekly 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.