H.10 DAILY UPDATE: WEB RELEASE ONLY For immediate release FOREIGN EXCHANGE RATES November 21, 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 Nov. 17 Nov. 18 Nov. 19 Nov. 20 Nov. 21 *AUSTRALIA DOLLAR 0.6562 0.6575 0.6501 0.6191 0.6254 BRAZIL REAL 2.3035 2.2985 2.3894 2.3950 2.4560 CANADA DOLLAR 1.2213 1.2237 1.2370 1.2850 1.2849 CHINA, P.R. YUAN 6.8264 6.8239 6.8295 6.8340 6.8302 DENMARK KRONE 5.8523 5.8700 5.9163 5.9482 5.9484 *EMU MEMBERS EURO 1.2726 1.2690 1.2595 1.2525 1.2531 HONG KONG DOLLAR 7.7499 7.7500 7.7498 7.7497 7.7509 INDIA RUPEE 49.1900 49.5100 49.8400 50.1200 49.5300 JAPAN YEN 97.0300 97.3800 96.7500 94.9800 95.4200 MALAYSIA RINGGIT 3.5974 3.6010 3.6080 3.6210 3.6200 MEXICO PESO 13.0800 13.1450 13.1513 13.5610 13.9350 *NEW ZEALAND DOLLAR 0.5601 0.5550 0.5506 0.5312 0.5313 NORWAY KRONE 6.9724 6.9966 7.0089 7.1412 7.2169 SINGAPORE DOLLAR 1.5212 1.5270 1.5279 1.5306 1.5302 SOUTH AFRICA RAND 10.1250 10.1700 10.3600 10.6400 10.6225 SOUTH KOREA WON 1410.0000 1447.4000 1445.9000 1496.0000 1493.3000 SRI LANKA RUPEE 110.0000 110.0000 109.9500 109.9000 110.0000 SWEDEN KRONA 7.9335 7.9931 8.1123 8.2498 8.4380 SWITZERLAND FRANC 1.1954 1.1976 1.2103 1.2197 1.2237 TAIWAN DOLLAR 33.1600 33.2300 33.2600 33.4200 33.4000 THAILAND BAHT 34.9300 35.0000 34.9500 35.1200 35.2000 *UNITED KINGDOM POUND 1.5030 1.5042 1.5095 1.4789 1.4816 VENEZUELA BOLIVAR 2.1446 2.1446 2.1446 2.1446 2.1446 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 109.9161 110.2417 110.7226 112.0537 112.4503 2)MAJOR CURRENCY MAR73=100 83.0380 83.2318 83.6735 84.8443 84.9132 3)OITP JAN97=100 138.1683 138.6648 139.1384 140.5365 141.4195 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