Effective January 1, 2009, the Federal Reserve Board is discontinuing publication of the H.10 Daily Update, 
 which provides U.S. dollar exchange rates against other currencies certified for customs purposes by the 
 Federal Reserve Bank of New York and summary measures of the foreign exchange value of the dollar.  
 The Federal Reserve Bank of New York also has issued notification that it will discontinue publication 
 of these foreign exchange rates on its web site.  
 The Federal Reserve Board will still make the certified exchange rates available.  Effective January 5, 2009,
 the Board will publish the daily exchange rate data in a weekly version of the H.10 release, reinstituting the
 weekly publication, which had been discontinued in May 2006.  The webpage that links to historical data from 
 the H.10 release will also be updated once per week to pick up the daily data from the previous week.





 H.10 DAILY UPDATE: WEB RELEASE ONLY                               For immediate release
 FOREIGN EXCHANGE RATES                                            December 31, 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       Dec. 29      Dec. 30      Dec. 31      Jan. 1       Jan. 2

 *AUSTRALIA      DOLLAR         0.6950       0.6906       0.6983
  BRAZIL         REAL           2.3975       2.3291       2.3180
  CANADA         DOLLAR         1.2162       1.2215       1.2240
  CHINA, P.R.    YUAN           6.8447       6.8295       6.8225
  DENMARK        KRONE          5.2335       5.2895       5.3497
 *EMU MEMBERS    EURO           1.4232       1.4085       1.3919
  HONG KONG      DOLLAR         7.7500       7.7498       7.7499
  INDIA          RUPEE         48.2500      48.0500      48.5800
  JAPAN          YEN           90.2000      90.3700      90.7900
  MALAYSIA       RINGGIT        3.4780       3.4770       3.4500
  MEXICO         PESO          13.5225      13.7600      13.8320
 *NEW ZEALAND    DOLLAR         0.5825       0.5770       0.5815
  NORWAY         KRONE          7.0047       7.0030       6.9756
  SINGAPORE      DOLLAR         1.4370       1.4372       1.4377
  SOUTH AFRICA   RAND           9.4600       9.3500       9.3000
  SOUTH KOREA    WON         1262.0000    1257.4000    1262.0000
  SRI LANKA      RUPEE        113.6200     113.3000     112.9000
  SWEDEN         KRONA          7.7354       7.7875       7.8770
  SWITZERLAND    FRANC          1.0414       1.0567       1.0673
  TAIWAN         DOLLAR        32.9900      32.7600      32.7600
  THAILAND       BAHT          34.9700      34.7100      34.7200
 *UNITED KINGDOM POUND          1.4591       1.4395       1.4619
  VENEZUELA      BOLIVAR        2.1446       2.1446       2.1446

  MEMO:
  UNITED STATES   DOLLAR
1)BROAD          JAN97=100    106.6383     107.0459     107.3574
2)MAJOR CURRENCY MAR73=100     78.4987      79.0638      79.4142
3)OITP           JAN97=100    137.5822     137.6436     137.8345


 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