G.5(405) January 3, 2007 FOREIGN EXCHANGE RATES THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN DECEMBER 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 December November October December *AUSTRALIA DOLLAR 0.7858 0.7728 0.7544 0.7423 BRAZIL REAL 2.1476 2.1555 2.1458 2.2809 CANADA DOLLAR 1.1532 1.1359 1.1285 1.1615 CHINA, P.R. YUAN 7.8219 7.8622 7.9018 8.0755 DENMARK KRONE 5.6452 5.7858 5.9085 6.2844 *EMU MEMBERS EURO 1.3205 1.2888 1.2617 1.1861 HONG KONG DOLLAR 7.7733 7.7816 7.7849 7.7531 INDIA RUPEE 44.48 44.73 45.36 45.56 JAPAN YEN 117.32 117.32 118.61 118.46 MALAYSIA RINGGIT 3.5477 3.6413 3.6762 3.7780 MEXICO PESO 10.855 10.913 10.885 10.627 *NEW ZEALAND DOLLAR 0.6933 0.6693 0.6621 0.6947 NORWAY KRONE 6.1826 6.3991 6.6591 6.7242 SINGAPORE DOLLAR 1.5401 1.5558 1.5775 1.6738 SOUTH AFRICA RAND 7.0345 7.2455 7.6300 6.3480 SOUTH KOREA WON 924.98 935.41 952.64 1022.38 SRI LANKA RUPEE 107.791 107.720 105.718 101.977 SWEDEN KRONA 6.8398 7.0612 7.3338 7.9518 SWITZERLAND FRANC 1.2099 1.2356 1.2602 1.3053 TAIWAN DOLLAR 32.512 32.808 33.194 33.286 THAILAND BAHT 35.694 36.501 37.281 41.076 *UNITED KINGDOM POUND 1.9629 1.9125 1.8765 1.7458 VENEZUELA BOLIVAR 2144.60 2144.60 2144.60 2144.62 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 106.53 107.34 108.21 111.55 2)MAJOR CURRENCY MAR73=100 80.89 81.48 82.36 85.65 3)OITP JAN97=100 133.03 134.06 134.79 137.63 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 "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 to the trade weights and the dollar indexes took effect with the January 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. * 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 = 239.640 SLOVENIAN TOLAR