H.10 DAILY UPDATE: WEB RELEASE ONLY For immediate release FOREIGN EXCHANGE RATES October 10, 2008 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 Oct. 6 Oct. 7 Oct. 8 Oct. 9 Oct. 10 *AUSTRALIA DOLLAR 0.7139 0.7216 0.6690 0.7015 0.6531 BRAZIL REAL 2.1646 2.2310 2.4060 2.2000 2.2972 CANADA DOLLAR 1.1027 1.1055 1.1246 1.1483 1.1900 CHINA, P.R. YUAN 6.8420 6.8171 6.8171 6.8202 6.8357 DENMARK KRONE 5.5221 5.4675 5.4478 5.4622 5.5298 *EMU MEMBERS EURO 1.3508 1.3649 1.3680 1.3646 1.3471 HONG KONG DOLLAR 7.7699 7.7736 7.7695 7.7602 7.7590 INDIA RUPEE 47.7700 47.7800 48.0000 48.0000 48.4100 JAPAN YEN 101.2600 102.3000 99.7300 100.6700 99.4400 MALAYSIA RINGGIT 3.5001 3.4900 3.4980 3.4955 3.5135 MEXICO PESO 11.7030 12.1150 13.1390 12.3788 12.9806 *NEW ZEALAND DOLLAR 0.6264 0.6362 0.6017 0.6171 0.5960 NORWAY KRONE 6.2428 6.1447 6.1485 6.1489 6.2937 SINGAPORE DOLLAR 1.4686 1.4622 1.4660 1.4727 1.4830 SOUTH AFRICA RAND 8.8405 8.8600 9.2275 9.0025 9.4300 SOUTH KOREA WON 1267.4000 1328.4000 1415.2500 1381.4000 1306.4000 SRI LANKA RUPEE 107.9600 108.0000 107.9500 107.9700 107.9700 SWEDEN KRONA 7.2172 7.0776 7.0807 7.0828 7.1693 SWITZERLAND FRANC 1.1456 1.1399 1.1272 1.1311 1.1221 TAIWAN DOLLAR 32.3400 32.3700 32.4500 32.4400 32.4400 THAILAND BAHT 34.4100 34.5100 34.3200 34.2600 34.3400 *UNITED KINGDOM POUND 1.7380 1.7592 1.7310 1.7225 1.7037 VENEZUELA BOLIVAR 2.1446 2.1446 2.1446 2.1446 2.1446 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 104.1100 104.4932 105.9706 105.4992 106.9137 2)MAJOR CURRENCY MAR73=100 78.0055 77.7890 78.0071 78.6711 79.9361 3)OITP JAN97=100 131.9572 133.3033 136.7209 134.3580 135.8003 For more information on exchange rate indexes for the U.S. dollar, see "Indexes of the Foreign Exchange Value of the Dollar," Federal Reserve Bulletin, 91:1 (Winter 2005), pp. 1-8 (http://www.federalreserve.gov/pubs/bulletin/2005/winter05_index.pdf). 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 January 2, 2007 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 Bloomberg L.P. * 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 = 239.640 SLOVENIAN TOLAR