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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

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