H.10(512) July 16, 2004 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING JULY 16, 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 Jul. 12 Jul. 13 Jul. 14 Jul. 15 Jul. 16 *AUSTRALIA DOLLAR 0.7280 0.7216 0.7225 0.7235 0.7310 BRAZIL REAL 3.0425 3.0460 3.0270 3.0250 3.0000 CANADA DOLLAR 1.3188 1.3259 1.3225 1.3240 1.3092 CHINA, P.R. YUAN 8.2768 8.2768 8.2767 8.2767 8.2766 DENMARK KRONE 5.9925 6.0455 6.0070 6.0078 5.9810 *EMU MEMBERS EURO 1.2409 1.2302 1.2385 1.2373 1.2437 HONG KONG DOLLAR 7.7997 7.7998 7.7998 7.8003 7.8000 INDIA RUPEE 45.72 45.86 45.95 46.08 45.96 JAPAN YEN 108.24 109.37 109.13 109.52 108.77 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 11.503 11.495 11.468 11.495 11.430 *NEW ZEALAND DOLLAR 0.6612 0.6557 0.6522 0.6506 0.6581 NORWAY KRONE 6.8160 6.9140 6.8550 6.8840 6.8230 SINGAPORE DOLLAR 1.6957 1.7038 1.7031 1.7058 1.7010 SOUTH AFRICA RAND 6.0400 6.1150 6.0600 6.0950 5.9631 SOUTH KOREA WON 1147.60 1149.60 1152.60 1161.70 1164.70 SRI LANKA RUPEE 103.000 103.000 102.950 103.050 103.000 SWEDEN KRONA 7.4210 7.4850 7.4400 7.4281 7.3910 SWITZERLAND FRANC 1.2243 1.2391 1.2288 1.2340 1.2267 TAIWAN DOLLAR 33.640 33.620 33.685 33.850 33.815 THAILAND BAHT 40.690 40.740 40.790 40.920 40.830 *UNITED KINGDOM POUND 1.8640 1.8540 1.8564 1.8545 1.8708 VENEZUELA BOLIVAR 1920.00 1920.00 1920.00 1920.00 1920.00 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 114.41 114.94 114.67 114.86 114.25 2)MAJOR CURRENCY MAR73=100 85.67 86.34 86.00 86.13 85.47 3)OITP JAN97=100 145.23 145.34 145.28 145.53 145.21 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.