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H.10(512) October 12, 2004
FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING OCTOBER 8, 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)
| COUNTRY | MONETARY UNIT | Oct. 4 | Oct. 5 | Oct. 6 | Oct. 7 | Oct. 8 |
|---|---|---|---|---|---|---|
| *AUSTRALIA | DOLLAR | 0.7207 | 0.7232 | 0.7236 | 0.7267 | 0.7352 |
| BRAZIL | REAL | 2.8240 | 2.8230 | 2.8370 | 2.8545 | 2.8175 |
| CANADA | DOLLAR | 1.2726 | 1.2625 | 1.2592 | 1.2577 | 1.2512 |
| CHINA, P.R. | YUAN | 8.2766 | 8.2766 | 8.2766 | 8.2766 | 8.2768 |
| DENMARK | KRONE | 6.0649 | 6.0427 | 6.0500 | 6.0580 | 5.9905 |
| *EMU MEMBERS | EURO | 1.2274 | 1.2316 | 1.2298 | 1.2286 | 1.2418 |
| HONG KONG | DOLLAR | 7.7984 | 7.7980 | 7.7990 | 7.7975 | 7.7850 |
| INDIA | RUPEE | 45.85 | 45.86 | 45.86 | 45.86 | 45.80 |
| JAPAN | YEN | 111.13 | 111.21 | 111.34 | 111.15 | 109.44 |
| MALAYSIA | RINGGIT | 3.8000 | 3.8000 | 3.8000 | 3.8000 | 3.8000 |
| MEXICO | PESO | 11.354 | 11.313 | 11.279 | 11.281 | 11.242 |
| *NEW ZEALAND | DOLLAR | 0.6695 | 0.6732 | 0.6755 | 0.6755 | 0.6833 |
| NORWAY | KRONE | 6.7657 | 6.7268 | 6.7325 | 6.7400 | 6.6825 |
| SINGAPORE | DOLLAR | 1.6880 | 1.6871 | 1.6915 | 1.6893 | 1.6810 |
| SOUTH AFRICA | RAND | 6.4800 | 6.5337 | 6.5200 | 6.6340 | 6.5520 |
| SOUTH KOREA | WON | 1150.00 | 1149.00 | 1153.00 | 1151.00 | 1149.00 |
| SRI LANKA | RUPEE | 103.650 | 103.680 | 103.700 | 103.700 | 103.730 |
| SWEDEN | KRONA | 7.3810 | 7.3412 | 7.3475 | 7.3600 | 7.3030 |
| SWITZERLAND | FRANC | 1.2663 | 1.2620 | 1.2638 | 1.2645 | 1.2488 |
| TAIWAN | DOLLAR | 33.890 | 33.930 | 33.925 | 33.925 | 33.740 |
| THAILAND | BAHT | 41.420 | 41.470 | 41.440 | 41.430 | 41.340 |
| *UNITED KINGDOM | POUND | 1.7827 | 1.7828 | 1.7790 | 1.7822 | 1.7935 |
| VENEZUELA | BOLIVAR | 1920.00 | 1920.00 | 1920.00 | 1920.00 | 1920.00 |
| MEMO: | ||||||
| UNITED STATES | DOLLAR | |||||
| 1)BROAD | JAN97=100 | 114.38 | 114.10 | 114.11 | 114.08 | 113.33 |
| 2)MAJOR CURRENCY | MAR73=100 | 85.98 | 85.66 | 85.68 | 85.63 | 84.81 |
| 3)OITP | JAN97=100 | 144.51 | 144.37 | 144.36 | 144.38 | 143.98 |
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
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please call publication services at Federal Reserve Board at (202) 452-3244.