H.10(512)                                                               December 23, 2005



 FOREIGN EXCHANGE RATES

 FOR THE WEEK ENDING DECEMBER 23, 2005

 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. 19      Dec. 20      Dec. 21      Dec. 22      Dec. 23

 *AUSTRALIA      DOLLAR         0.7424       0.7328       0.7321       0.7314       0.7279
  BRAZIL         REAL           2.3755       2.3523       2.3085       2.3230       2.3115
  CANADA         DOLLAR         1.1633       1.1733       1.1691       1.1665       1.1654
  CHINA, P.R.    YUAN           8.0730       8.0740       8.0765       8.0775       8.0762
  DENMARK        KRONE          6.2146       6.2939       6.3120       6.2758       6.2930
 *EMU MEMBERS    EURO           1.1996       1.1848       1.1816       1.1883       1.1857
  HONG KONG      DOLLAR         7.7516       7.7518       7.7520       7.7523       7.7525
  INDIA          RUPEE         44.94        45.14        45.17        45.14        45.11
  JAPAN          YEN          116.01       117.01       117.40       116.55       116.38
  MALAYSIA       RINGGIT        3.7797       3.7792       3.7792       3.7795       3.7797
  MEXICO         PESO          10.717       10.687       10.642       10.651       10.678
 *NEW ZEALAND    DOLLAR         0.6902       0.6819       0.6780       0.6720       0.6730
  NORWAY         KRONE          6.6788       6.7966       6.8023       6.7710       6.7854
  SINGAPORE      DOLLAR         1.6621       1.6654       1.6676       1.6693       1.6656
  SOUTH AFRICA   RAND           6.3500       6.3600       6.3780       6.3700       6.3380
  SOUTH KOREA    WON         1014.80      1016.50      1018.10      1016.05      1013.50
  SRI LANKA      RUPEE        102.010      102.000      102.000      102.040      102.050
  SWEDEN         KRONA          7.8424       7.9606       7.9716       7.9618       7.9807
  SWITZERLAND    FRANC          1.2932       1.3110       1.3153       1.3103       1.3140
  TAIWAN         DOLLAR        33.180       33.250       33.250       33.210       33.130
  THAILAND       BAHT          40.910       40.920       40.920       40.920       40.870
 *UNITED KINGDOM POUND          1.7641       1.7544       1.7402       1.7395       1.7326
  VENEZUELA      BOLIVAR     2144.60      2144.60      2145.00      2144.60      2144.60

  MEMO:
  UNITED STATES   DOLLAR
1)BROAD          JAN97=100    111.36       111.93       111.93       111.69       111.73
2)MAJOR CURRENCY MAR73=100     85.07        85.92        86.04        85.69        85.76
3)OITP           JAN97=100    137.98       137.91       137.72       137.73       137.70


 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 "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/). 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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