FRB: May 2004 Statistical Supplement--Foreign Exchange Rates and Indexes of the Foreign Exchange Value of the U.S. Dollar

Statistical Supplement | May 2004

Statistical Supplement to the Federal Reserve Bulletin, May 2004

3.28 Foreign Exchange Rates and Indexes of the Foreign Exchange Value of the U.S. Dollar¹
Item		2001	2002	2003	2003			2004
Currency units per U.S. dollar except as noted
Item		2001	2002	2003	Oct	Nov	Dec	Jan	Feb	Mar
		Exchange rates
Country/Currency Unit
1	Australia/dollar²	51.69	54.37	65.24	69.48	71.58	73.91	77.17	77.70	74.96
2	Brazil/real	2.3527	2.9213	3.0750	2.8628	2.9150	2.9255	2.8533	2.9342	2.9067
3	Canada/dollar	1.5487	1.5704	1.4008	1.3221	1.3130	1.3128	1.2958	1.3299	1.3286
4	China, P.R./yuan	8.2770	8.2770	8.2772	8.2768	8.2769	8.2770	8.2770	8.2771	8.2771
5	Denmark/krone	8.3323	7.8862	6.5774	6.3449	6.3526	6.0537	5.8952	5.8956	6.0757
6	European Monetary Union/euro³	0.8952	0.9454	1.1321	1.1714	1.1710	1.2298	1.2638	1.2640	1.2261
7	Greece/drachma	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.	n.a.
8	Hong Kong/dollar	7.7997	7.7997	7.7875	7.7427	7.7637	7.7645	7.7663	7.7748	7.7930
9	India/rupee	47.22	48.63	46.59	45.40	45.55	45.57	45.46	45.27	44.97
10	Japan/yen	121.57	125.22	115.94	109.50	109.18	107.74	106.27	106.71	108.52
11	Malaysia/ringgit	3.8000	3.8000	3.8000	3.8000	3.8000	3.8000	3.8000	3.8000	3.8000
12	Mexico/peso	9.337	9.663	10.793	11.180	11.149	11.252	10.920	11.032	11.019

13	New Zealand/dollar²	42.02	46.45	58.22	60.20	62.85	64.71	67.38	69.16	66.07
14	Norway/krone	8.9964	7.9839	7.0803	7.0331	7.0054	6.7128	6.8117	6.9508	6.9598
15	Singapore/dollar	1.7930	1.7908	1.7429	1.7345	1.7282	1.7107	1.6965	1.6869	1.6996
16	South Africa/rand	8.6093	10.5176	7.5550	6.9644	6.7205	6.5374	6.9398	6.7542	6.6140
17	South Korea/won	1,292.01	1,250.31	1,192.08	1,169.34	1,186.39	1,192.34	1,183.35	1,167.53	1,166.29
18	Sri Lanka/rupee	89.602	95.773	96.541	94.560	96.011	96.413	98.009	98.507	97.522
19	Sweden/krona	10.3425	9.7233	8.0787	7.6957	7.6799	7.3395	7.2334	7.2630	7.5322
20	Switzerland/franc	1.6891	1.5567	1.3450	1.3222	1.3318	1.2643	1.2391	1.2448	1.2778
21	Taiwan/dollar	33.824	34.536	34.405	33.875	34.036	34.056	33.669	33.214	33.252
22	Thailand/baht	44.532	43.019	41.556	39.761	39.935	39.745	39.124	39.116	39.470
23	United Kingdom/pound²	143.96	150.25	163.47	167.92	168.97	175.16	182.55	186.73	182.61
24	Venezuela/bolivar	724.10	1,161.19	1,613.43	1,600.00	1,600.00	1,599.86	1,600.00	1,818.95	1,920.00
		Indexes⁴
Nominal
25	Broad (January 1997=100)⁵	125.91	126.75	119.28	116.21	116.07	114.51	112.54	113.10	114.26
26	Major currencies (March 1973=100)⁶	107.66	105.98	93.04	88.82	88.51	86.27	84.43	84.97	86.48
27	Other important trading partners (January 1997=100)⁷	135.86	140.55	144.03	143.84	144.10	144.27	142.54	142.97	143.15

Real
28	Broad (March 1973=100)⁵	111.38^r	111.59^r	104.88^r	102.28^r	101.53^r	99.90^r	98.46^r	99.20^r	100.52
29	Major currencies (March 1973=100)⁶	112.18	110.60	97.66	93.49^r	92.87^r	90.27^r	88.86^r	89.80^r	91.60
30	Other important trading partners (March 1973=100)⁷	120.11^r	122.74^r	124.54^r	124.20^r	123.19^r	123.05^r	121.45^r	121.90^r	122.53

1. Averages of certified noon buying rates in New York for cable transfers. Data in this table also appear in the Board's G.5 (405) monthly statistical release, available at: www.federalreserve.gov/releases. Return to table

2. U.S. cents per currency unit. Return to table

3. The euro is reported in place of the individual euro area currencies. By convention, the rate is reported in U.S. dollars per euro. The bilateral currency rates can be derived from the euro rate by using the fixed conversion rates (in currencies per euro) as shown below:

Euro equals: 13.7603 Austrian schillings; 40.3399 Belgian francs; 5.94573 Finnish markkas; 6.55957 French francs; 1.95583 German marks; .787564 Irish pounds; 1,936.27 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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4. Starting with the January 2004 Statistical Supplement to the Federal Reserve Bulletin, revised index values resulting from the periodic revision of data that underlie the calculated trade weights are reported. For more information on the indexes of the foreign exchange value of the dollar, see Federal Reserve Bulletin, vol. 84 (October 1998), pp. 811-818. Return to table

5. Weighted average of the foreign exchange value of the U.S. dollar against the currencies of a broad group of U.S. trading partners. The weight for each currency is computed as an average of U.S. bilateral import shares from and export shares to the issuing country and of a measure of the importance to U.S. exporters of that country's trade in third country markets. The source for exchange rates not listed in the table above but used in the calculation of this index is Reuters Limited. Return to table

6. Weighted average of the foreign exchange value of the U.S. dollar against a subset of broad index currencies that circulate widely outside the country of issue. The weight for each currency is its broad index weight scaled so that the weights of the subset of currencies in the index sum to one. Return to table

7. Weighted average of the foreign exchange value of the U.S. dollar against a subset of broad index currencies that do not circulate widely outside the country of issue. The weight for each currency is its broad index weight scaled so that the weights of the subset of currencies in the index sum to one. The source for exchange rates not listed in the table above but used in the calculation of this index is Reuters Limited. Return to table

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Last update: January 10, 2006