H.10(512)                                                                    May 15, 2006



 FOREIGN EXCHANGE RATES

 FOR THE WEEK ENDING MAY 12, 2006

 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       May. 8       May. 9       May. 10      May. 11      May. 12

 *AUSTRALIA      DOLLAR         0.7697       0.7724       0.7763       0.7781       0.7728
  BRAZIL         REAL           2.0605       2.0600       2.0555       2.0925       2.1340
  CANADA         DOLLAR         1.1116       1.1022       1.1005       1.0989       1.1085
  CHINA, P.R.    YUAN           8.0070       8.0042       8.0032       8.0038       8.0056
  DENMARK        KRONE          5.8626       5.8484       5.8251       5.8024       5.7841
 *EMU MEMBERS    EURO           1.2720       1.2747       1.2799       1.2855       1.2888
  HONG KONG      DOLLAR         7.7510       7.7517       7.7517       7.7526       7.7532
  INDIA          RUPEE         44.82        44.84        44.84        44.88        44.89
  JAPAN          YEN          111.55       111.31       110.55       110.26       110.49
  MALAYSIA       RINGGIT        3.5920       3.5880       3.5800       3.5800       3.5825
  MEXICO         PESO          10.946       10.933       10.841       10.865       11.053
 *NEW ZEALAND    DOLLAR         0.6329       0.6280       0.6277       0.6316       0.6291
  NORWAY         KRONE          6.1249       6.1129       6.0712       6.0266       6.0142
  SINGAPORE      DOLLAR         1.5674       1.5673       1.5632       1.5630       1.5686
  SOUTH AFRICA   RAND           6.0575       6.0420       6.0440       6.0425       6.2375
  SOUTH KOREA    WON          927.40       931.60       928.80       935.20       932.77
  SRI LANKA      RUPEE        102.840      102.880      102.740      102.650      102.650
  SWEDEN         KRONA          7.3210       7.3002       7.2867       7.2857       7.2632
  SWITZERLAND    FRANC          1.2276       1.2223       1.2186       1.2106       1.2020
  TAIWAN         DOLLAR        31.320       31.490       31.280       31.450       31.350
  THAILAND       BAHT          37.510       37.580       37.590       37.630       37.900
 *UNITED KINGDOM POUND          1.8584       1.8632       1.8648       1.8842       1.8911
  VENEZUELA      BOLIVAR     2144.60      2144.60      2144.60      2144.60      2144.60

  MEMO:
  UNITED STATES   DOLLAR
1)BROAD          JAN97=100    107.08       106.85       106.51       106.43       106.77
2)MAJOR CURRENCY MAR73=100     80.93        80.59        80.31        80.02        80.16
3)OITP           JAN97=100    134.28       134.31       133.92       134.24       134.89


 This release is available online at http://www.federalreserve.gov/releases/H10.

 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 to the trade weights and dollar indexes took effect
 in early December 2005, and is reflected in the December 19, 2005 release of this weekly 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.

 *  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

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 please call publication services at Federal Reserve Board at (202) 452-3244.

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