H.10(512)                                                                   July 13, 2001



 FOREIGN EXCHANGE RATES

 FOR THE WEEK ENDING JULY 13, 2001

 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. 9       Jul. 10      Jul. 11      Jul. 12      Jul. 13

 *AUSTRALIA      DOLLAR         0.5096       0.5106       0.5070       0.5048       0.5074
  BRAZIL         REAL           2.4500       2.4980       2.5600       2.5700       2.5590
  CANADA         DOLLAR         1.5203       1.5213       1.5255       1.5280       1.5398
  CHINA, P.R.    YUAN           8.2767       8.2770       8.2769       8.2769       8.2767
  DENMARK        KRONE          8.7830       8.6960       8.6430       8.7230       8.7330
 *EMU MEMBERS    EURO           0.8474       0.8557       0.8614       0.8530       0.8527
  HONG KONG      DOLLAR         7.8000       7.7999       7.8000       7.8000       7.7999
  INDIA          RUPEE         47.19        47.19        47.21        47.20        47.21
  JAPAN          YEN          125.43       125.53       124.06       124.10       124.75
  MALAYSIA       RINGGIT        3.8000       3.8000       3.8000       3.8000       3.8000
  MEXICO         PESO           9.118        9.148        9.295        9.360        9.340
 *NEW ZEALAND    DOLLAR         0.4049       0.4060       0.4057       0.4048       0.4065
  NORWAY         KRONE          9.3470       9.2830       9.2750       9.3250       9.3250
  SINGAPORE      DOLLAR         1.8281       1.8347       1.8365       1.8347       1.8375
  SOUTH AFRICA   RAND           8.2130       8.2500       8.2600       8.2800       8.2600
  SOUTH KOREA    WON         1297.00      1300.00      1309.00      1301.00      1308.00
  SRI LANKA      RUPEE         90.250       90.250       90.200       90.300       90.300
  SWEDEN         KRONA         10.9720      10.8400      10.8080      10.8600      10.8130
  SWITZERLAND    FRANC          1.7964       1.7795       1.7608       1.7725       1.7738
  TAIWAN         DOLLAR        34.600       34.700       35.030       35.000       35.020
  THAILAND       BAHT          45.470       45.490       45.590       45.570       45.700
 *UNITED KINGDOM POUND          1.4081       1.4098       1.4121       1.4065       1.3995
  VENEZUELA      BOLIVAR      720.00       720.50       721.00       721.51       722.00

  MEMO:
  UNITED STATES   DOLLAR
1)BROAD          JAN97=100    128.39       128.30       128.35       128.72       128.99
2)MAJOR CURRENCY MAR73=100    106.71       106.37       105.91       106.36       106.78
3)OITP           JAN97=100    137.10       137.43       138.31       138.46       138.44


 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
 with the February 5, 2001, release of this report.

 *  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.