H.10(512) January 30, 2004 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JANUARY 30, 2004 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 Jan. 26 Jan. 27 Jan. 28 Jan. 29 Jan. 30 *AUSTRALIA DOLLAR 0.7730 0.7805 0.7788 0.7585 0.7625 BRAZIL REAL 2.8430 2.8650 2.8800 2.9450 2.9240 CANADA DOLLAR 1.3130 1.3048 1.3218 1.3340 1.3265 CHINA, P.R. YUAN 8.2771 8.2771 8.2771 8.2770 8.2768 DENMARK KRONE 5.9345 5.8930 5.8980 6.0200 5.9820 *EMU MEMBERS EURO 1.2552 1.2643 1.2620 1.2389 1.2452 HONG KONG DOLLAR 7.7670 7.7644 7.7680 7.7750 7.7775 INDIA RUPEE 45.36 45.38 45.36 45.29 45.32 JAPAN YEN 106.15 105.56 105.52 106.09 105.84 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 10.934 10.880 10.897 11.097 11.012 *NEW ZEALAND DOLLAR 0.6727 0.6795 0.6785 0.6673 0.6705 NORWAY KRONE 6.8640 6.8130 6.9197 7.0730 7.0161 SINGAPORE DOLLAR 1.6943 1.6950 1.6914 1.7035 1.6936 SOUTH AFRICA RAND 7.1926 7.0800 6.9200 7.0735 7.0700 SOUTH KOREA WON 1181.00 1180.00 1172.00 1173.00 1174.00 SRI LANKA RUPEE 98.200 97.500 97.600 97.480 97.330 SWEDEN KRONA 7.3080 7.2450 7.2490 7.4100 7.4120 SWITZERLAND FRANC 1.2484 1.2389 1.2430 1.2621 1.2593 TAIWAN DOLLAR 33.730 33.510 33.330 33.360 33.390 THAILAND BAHT 39.320 39.130 39.120 39.280 39.250 *UNITED KINGDOM POUND 1.8200 1.8277 1.8370 1.8112 1.8215 VENEZUELA BOLIVAR 1600.00 1600.00 1600.00 1600.00 1600.00 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 112.99 112.50 112.74 113.88 113.46 2)MAJOR CURRENCY MAR73=100 84.99 84.45 84.79 85.88 85.49 3)OITP JAN97=100 142.63 142.39 142.36 143.31 142.92 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. The source for exchange rates not listed in the table above but used in the calculation of the broad and OITP indexes is Reuters Limited. * 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.