Averages are based on daily noon buying rates for cable transfers in New York City certified for customs purposes by the Federal Reserve Bank Of New York.
Currency units per U.S. dollar except as noted)
MONETARY 2004 2004 2003
COUNTRY UNIT October September October
*AUSTRALIA DOLLAR 0.7337 0.7028 0.6948
BRAZIL REAL 2.8520 2.8914 2.8628
CANADA DOLLAR 1.2469 1.2881 1.3221
CHINA, P.R. YUAN 8.2765 8.2767 8.2768
DENMARK KRONE 5.9486 6.0866 6.3449
*EMU MEMBERS EURO 1.2507 1.2224 1.1714
HONG KONG DOLLAR 7.7889 7.7995 7.7427
INDIA RUPEE 45.74 46.05 45.40
JAPAN YEN 108.78 110.09 109.50
MALAYSIA RINGGIT 3.8000 3.8000 3.8000
MEXICO PESO 11.404 11.487 11.180
*NEW ZEALAND DOLLAR 0.6846 0.6594 0.6020
NORWAY KRONE 6.5809 6.8416 7.0331
SINGAPORE DOLLAR 1.6767 1.6948 1.7345
SOUTH AFRICA RAND 6.3815 6.5349 6.9644
SOUTH KOREA WON 1141.57 1148.72 1169.34
SRI LANKA RUPEE 103.885 103.326 94.560
SWEDEN KRONA 7.2453 7.4356 7.6957
SWITZERLAND FRANC 1.2330 1.2629 1.3222
TAIWAN DOLLAR 33.775 33.893 33.875
THAILAND BAHT 41.294 41.474 39.760
*UNITED KINGDOM POUND 1.8077 1.7937 1.6792
VENEZUELA BOLIVAR 1918.08 1920.00 1600.00
MEMO:
UNITED STATES DOLLAR
1)BROAD JAN97=100 113.15 114.81 116.21
2)MAJOR CURRENCY MAR73=100 84.32 86.25 88.82
3)OITP JAN97=100 144.50 145.17 143.83
This release is available online at http://www.federalreserve.gov/releases/G5.
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 the dollar indexes took effect
with the December 31, 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.
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.
The euro is reported in place of the individual eure-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
