G.5(405) September 1, 2006 FOREIGN EXCHANGE RATES THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN AUGUST 2006 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 2006 2006 2006 2005 COUNTRY UNIT August July June August *AUSTRALIA DOLLAR 0.7631 0.7528 0.7399 0.7614 BRAZIL REAL 2.1553 2.1883 2.2493 2.3609 CANADA DOLLAR 1.1182 1.1294 1.1137 1.2043 CHINA, P.R. YUAN 7.9722 7.9897 8.0042 8.1017 DENMARK KRONE 5.8236 5.8826 5.8897 6.0665 *EMU MEMBERS EURO 1.2810 1.2681 1.2661 1.2295 HONG KONG DOLLAR 7.7762 7.7734 7.7636 7.7709 INDIA RUPEE 46.45 46.37 45.89 43.55 JAPAN YEN 115.92 115.77 114.63 110.61 MALAYSIA RINGGIT 3.6730 3.6679 3.6638 3.7589 MEXICO PESO 10.873 10.983 11.393 10.686 *NEW ZEALAND DOLLAR 0.6348 0.6178 0.6190 0.6956 NORWAY KRONE 6.2423 6.2617 6.2070 6.4367 SINGAPORE DOLLAR 1.5754 1.5837 1.5912 1.6623 SOUTH AFRICA RAND 6.9503 7.0688 6.9738 6.4599 SOUTH KOREA WON 960.95 950.81 954.45 1021.68 SRI LANKA RUPEE 103.669 103.957 103.525 100.738 SWEDEN KRONA 7.1890 7.2654 7.2949 7.5951 SWITZERLAND FRANC 1.2318 1.2376 1.2321 1.2629 TAIWAN DOLLAR 32.761 32.617 32.440 32.076 THAILAND BAHT 37.587 37.969 38.349 41.132 *UNITED KINGDOM POUND 1.8941 1.8443 1.8435 1.7944 VENEZUELA BOLIVAR 2144.60 2144.57 2144.60 2144.60 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 107.77 108.51 108.76 110.69 2)MAJOR CURRENCY MAR73=100 81.33 82.09 81.67 84.20 3)OITP JAN97=100 135.39 135.91 137.38 137.80 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