G.5A(405) January 3, 2006 THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN 2005 TOGETHER WITH COMPARABLE FIGURES FOR OTHER YEARS. 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 COUNTRY UNIT 2005 2004 2003 2002 *AUSTRALIA DOLLAR 0.7627 0.7365 0.6524 0.5437 BRAZIL REAL 2.4352 2.9262 3.0750 2.9213 CANADA DOLLAR 1.2115 1.3017 1.4008 1.5704 CHINA,P.R. YUAN 8.1936 8.2768 8.2772 8.2771 DENMARK KRONE 5.9953 5.9891 6.5774 7.8862 *EMU MEMBERS EURO 1.2449 1.2438 1.1321 0.9454 HONG KONG DOLLAR 7.7775 7.7891 7.7875 7.7996 INDIA RUPEE 44.00 45.26 46.59 48.63 JAPAN YEN 110.11 108.15 115.94 125.22 MALAYSIA RINGGIT 3.7869 3.8000 3.8000 3.8000 MEXICO PESO 10.894 11.290 10.793 9.663 *NEW ZEALAND DOLLAR 0.7049 0.6643 0.5822 0.4645 NORWAY KRONE 6.4412 6.7399 7.0803 7.9839 SINGAPORE DOLLAR 1.6639 1.6902 1.7429 1.7908 SOUTH AFRICA RAND 6.3606 6.4402 7.5550 10.5176 SOUTH KOREA WON 1023.75 1145.24 1192.08 1250.31 SRI LANKA RUPEE 100.383 101.268 96.541 95.773 SWEDEN KRONA 7.4710 7.3480 8.0787 9.7233 SWITZERLAND FRANC 1.2459 1.2428 1.3450 1.5567 TAIWAN DOLLAR 32.131 33.372 34.405 34.536 THAILAND BAHT 40.252 40.271 41.556 43.019 *UNITED KINGDOM POUND 1.8204 1.8330 1.6347 1.5025 VENEZUELA BOLIVAR 2107.13 1886.13 1613.43 1161.19 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 110.81 113.59 119.09 126.66 2)MAJOR CURRENCY MAR73=100 83.78 85.37 93.00 105.99 3)OITP JAN97=100 138.90 143.39 143.54 140.36 This release is available online at http://www.federalreserve.gov/release/. 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/) and "Index of the Weighted-Average Exchange Value of the U.S. Dollar: Revision," Federal Reserve Bulletin, vol. 64 (August 1978), p. 700. Weights for 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 source for exchange rates not listed in the table above but used in the calculation of the broad and OITP indexes is Bloomberg. * 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. As of the January 3, 2000 release, the euro is reported in place of the individual euro-area currencies. These currency rates can be derived from the euro rate by using the fixed conversion rates (in currencies per euro) given below: 1 EUR = 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