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Daily Update

The weekly release is posted on Monday. Daily updates of the weekly release are posted Tuesday through Friday on this site.


H.10 DAILY UPDATE: WEB RELEASE ONLY For immediate release
FOREIGN EXCHANGE RATES April 2, 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 Mar. 29 Mar. 30 Mar. 31 Apr. 1 Apr. 2

*AUSTRALIA DOLLAR 0.7484 0.7531 0.7620 0.7671 0.7584
BRAZIL REAL 2.9390 2.9190 2.9070 2.8925 2.8985
CANADA DOLLAR 1.3097 1.3080 1.3100 1.3101 1.3140
CHINA, P.R. YUAN 8.2771 8.2771 8.2770 8.2769 8.2769
DENMARK KRONE 6.1295 6.1000 6.0575 6.0255 6.1500
*EMU MEMBERS EURO 1.2141 1.2202 1.2292 1.2358 1.2109
HONG KONG DOLLAR 7.7975 7.7963 7.7930 7.7883 7.7870
INDIA RUPEE 44.00 44.07 43.40 43.40 43.75
JAPAN YEN 105.52 105.61 104.18 103.70 104.55
MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000
MEXICO PESO 11.160 11.229 11.183 11.182 11.172
*NEW ZEALAND DOLLAR 0.6529 0.6568 0.6650 0.6678 0.6583
NORWAY KRONE 6.9440 6.9010 6.8600 6.8200 6.9310
SINGAPORE DOLLAR 1.6890 1.6836 1.6750 1.6720 1.6750
SOUTH AFRICA RAND 6.4000 6.3350 6.3235 6.3450 6.4120
SOUTH KOREA WON 1157.80 1154.00 1146.70 1141.40 1141.80
SRI LANKA RUPEE 97.750 97.490 97.850 98.000 97.850
SWEDEN KRONA 7.6305 7.5920 7.5500 7.4650 7.6160
SWITZERLAND FRANC 1.2872 1.2790 1.2677 1.2627 1.2932
TAIWAN DOLLAR 33.150 33.090 33.000 32.890 33.000
THAILAND BAHT 39.620 39.600 39.280 39.160 39.190
*UNITED KINGDOM POUND 1.8163 1.8283 1.8400 1.8564 1.8293
VENEZUELA BOLIVAR 1920.00 1920.00 1920.00 1920.00 1920.00

MEMO:
UNITED STATES DOLLAR
1)BROAD JAN97=100 114.04 113.89 113.35 113.04 113.81
2)MAJOR CURRENCY MAR73=100 86.00 85.75 85.24 84.89 85.92
3)OITP JAN97=100 143.51 143.60 143.15 142.99 143.03


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 of the currency weights and dollar indexes took effect
with the December 16, 2003, release of this 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



http://www.federalreserve.gov/releases/e15/default.htm

http://www.federalreserve.gov/Releases/G5/Current/default.htm

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