G.5(405) October 3, 2005 FOREIGN EXCHANGE RATES THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN SEPTEMBER 2005 TOGETHER WITH COMPARABLE FIGURES FOR OTHER MONTHS. 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 2005 2005 2005 2004 COUNTRY UNIT September August July September *AUSTRALIA DOLLAR 0.7651 0.7614 0.7524 0.7028 BRAZIL REAL 2.2949 2.3609 2.3702 2.8914 CANADA DOLLAR 1.1777 1.2043 1.2229 1.2881 CHINA, P.R. YUAN 8.0919 8.1017 8.2264 8.2767 DENMARK KRONE 6.0973 6.0665 6.1943 6.0866 *EMU MEMBERS EURO 1.2234 1.2295 1.2041 1.2224 HONG KONG DOLLAR 7.7618 7.7709 7.7751 7.7995 INDIA RUPEE 43.85 43.55 43.43 46.05 JAPAN YEN 111.24 110.61 111.95 110.09 MALAYSIA RINGGIT 3.7689 3.7589 3.7872 3.8000 MEXICO PESO 10.786 10.686 10.672 11.487 *NEW ZEALAND DOLLAR 0.6987 0.6956 0.6789 0.6594 NORWAY KRONE 6.3830 6.4367 6.5783 6.8416 SINGAPORE DOLLAR 1.6820 1.6623 1.6815 1.6948 SOUTH AFRICA RAND 6.3661 6.4599 6.6966 6.5349 SOUTH KOREA WON 1029.84 1021.68 1036.56 1148.72 SRI LANKA RUPEE 101.332 100.738 100.283 103.326 SWEDEN KRONA 7.6300 7.5951 7.8263 7.4356 SWITZERLAND FRANC 1.2671 1.2629 1.2945 1.2629 TAIWAN DOLLAR 32.925 32.076 31.886 33.893 THAILAND BAHT 41.040 41.132 41.700 41.474 *UNITED KINGDOM POUND 1.8064 1.7944 1.7507 1.7937 VENEZUELA BOLIVAR 2144.60 2144.60 2144.60 1920.00 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 110.70 110.76 112.18 114.54 2)MAJOR CURRENCY MAR73=100 83.89 84.26 85.79 86.19 3)OITP JAN97=100 138.34 137.76 138.65 144.36 This release is available online at http://www.federalreserve.gov/releases/G5. 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 the dollar indexes took effect with the February 28, 2005, 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 Reuters Limited. * 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. The euro is reported in place of the individual eure-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