G.5(405) January 3, 2006 FOREIGN EXCHANGE RATES THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN DECEMBER 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 December November October December *AUSTRALIA DOLLAR 0.7423 0.7353 0.7535 0.7675 BRAZIL REAL 2.2809 2.2109 2.2536 2.7150 CANADA DOLLAR 1.1615 1.1815 1.1774 1.2189 CHINA, P.R. YUAN 8.0755 8.0840 8.0895 8.2765 DENMARK KRONE 6.2844 6.3277 6.2064 5.5449 *EMU MEMBERS EURO 1.1861 1.1789 1.2022 1.3406 HONG KONG DOLLAR 7.7531 7.7538 7.7559 7.7760 INDIA RUPEE 45.56 45.63 44.76 43.85 JAPAN YEN 118.46 118.45 114.87 103.81 MALAYSIA RINGGIT 3.7780 3.7782 3.7735 3.8000 MEXICO PESO 10.627 10.672 10.835 11.201 *NEW ZEALAND DOLLAR 0.6947 0.6897 0.6983 0.7149 NORWAY KRONE 6.7242 6.6399 6.5103 6.1355 SINGAPORE DOLLAR 1.6738 1.6981 1.6915 1.6402 SOUTH AFRICA RAND 6.3480 6.6554 6.5878 5.7235 SOUTH KOREA WON 1022.38 1040.76 1045.88 1050.37 SRI LANKA RUPEE 101.977 101.800 101.485 104.748 SWEDEN KRONA 7.9518 8.1157 7.8433 6.6969 SWITZERLAND FRANC 1.3053 1.3110 1.2880 1.1465 TAIWAN DOLLAR 33.286 33.580 33.468 32.170 THAILAND BAHT 41.076 41.097 40.895 39.183 *UNITED KINGDOM POUND 1.7458 1.7349 1.7651 1.9286 VENEZUELA BOLIVAR 2144.62 2144.66 2144.60 1915.20 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 111.79 112.51 111.70 108.84 2)MAJOR CURRENCY MAR73=100 85.83 86.58 85.12 80.11 3)OITP JAN97=100 137.72 138.26 138.78 140.65 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 December 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 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. 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