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Release Date: December 14, 1998
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H.10(512) December 11, 1998
FOREIGN EXCHANGE RATES
FOR THE WEEK ENDING DECEMBER 11, 1998
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 DOLLAR)
MONETARY
COUNTRY UNIT Dec. 7 Dec. 8 Dec. 9 Dec. 10 Dec. 11
*AUSTRALIA DOLLAR 0.6204 0.6155 0.6165 0.6195 0.6208
AUSTRIA SCHILLING 11.806 11.760 11.744 11.648 11.604
BELGIUM FRANC 34.61 34.49 34.43 34.14 34.05
BRAZIL REAL 1.2030 1.2028 1.2033 1.2030 1.2043
CANADA DOLLAR 1.5374 1.5437 1.5435 1.5414 1.5422
CHINA,P.R. YUAN 8.2775 8.2775 8.2775 8.2774 8.2774
DENMARK KRONE 6.3825 6.3560 6.3470 6.3085 6.2845
*EURO COMMUNITY ECU 1.1700 1.1740 1.1750 1.1846 1.1880
FINLAND MARKKA 5.1030 5.0815 5.0750 5.0430 5.0200
FRANCE FRANC 5.6245 5.6045 5.5996 5.5530 5.5345
GERMANY D. MARK 1.6773 1.6718 1.6695 1.6550 1.6491
GREECE DRACHMA 281.87 280.60 279.70 278.00 276.60
HONG KONG DOLLAR 7.7483 7.7485 7.7480 7.7485 7.7475
INDIA RUPEE 42.59 42.62 42.60 42.61 42.61
*IRELAND POUND 1.4805 1.4860 1.4876 1.5000 1.5055
ITALY LIRA 1660.95 1655.10 1653.70 1640.00 1633.85
JAPAN YEN 119.63 119.55 118.08 117.07 116.78
MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000
MEXICO PESO 10.010 9.942 9.954 9.950 9.938
NETHERLANDS GUILDER 1.8915 1.8840 1.8815 1.8675 1.8597
*NEW ZEALAND DOLLAR 0.5214 0.5185 0.5155 0.5214 0.5225
NORWAY KRONE 7.4870 7.5260 7.5560 7.5600 7.6650
PORTUGAL ESCUDO 172.05 171.40 171.20 169.84 169.21
SINGAPORE DOLLAR 1.6585 1.6575 1.6490 1.6470 1.6500
SOUTH AFRICA RAND 5.9050 6.0200 5.9800 5.9670 5.9750
SOUTH KOREA WON 1210.00 1217.00 1217.00 1208.00 1210.00
SPAIN PESETA 142.800 142.230 142.050 140.950 140.420
SRI LANKA RUPEE 68.090 67.750 67.830 68.000 68.010
SWEDEN KRONA 8.1504 8.1040 8.0350 8.0465 8.0220
SWITZERLAND FRANC 1.3756 1.3659 1.3603 1.3396 1.3295
TAIWAN DOLLAR 32.400 32.400 32.350 32.300 32.310
THAILAND BAHT 35.960 35.950 35.810 35.780 35.850
*UNITED KINGDOM POUND 1.6530 1.6540 1.6580 1.6670 1.6835
VENEZUELA BOLIVAR 575.75 572.50 564.75 553.25 559.01
MEMO:
UNITED STATES DOLLAR
1)BROAD JAN97=100 115.14 115.03 114.68 114.28 114.15
2)MAJOR CURRENCY MAR73=100 94.07 94.05 93.67 93.11 92.87
3)OITP JAN97=100 127.09 126.83 126.62 126.58 126.70
4)G-10 MAR73=100 95.31 95.09 94.79 94.10 93.74
This release is available online at http://www.federalreserve.gov/release/.
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/) and "Index of the Weighted-Average
Exchange Value of the U.S. Dollar: Revision," Federal Reserve Bulletin, vol. 64 (August 1978),
p. 700. Weights for broad index can be found at http://www.federalreserve.gov/; weights for
the major currencies index and the other important trading partners (OITP) index are derived
from the broad index weights.
* Value is U.S. dollars.
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.
4) A weighted average of the foreign exchange value of the U.S. dollar against the currencies
of the other G-10 countries. We will discontinue publication of this series after December 1998.
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.
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Last update: December 14, 1998