G.5(405) July 2, 2007 FOREIGN EXCHANGE RATES THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN JUNE 2007 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 2007 2007 2007 2006 COUNTRY UNIT June May April June *AUSTRALIA DOLLAR 0.8423 0.8254 0.8273 0.7399 BRAZIL REAL 1.9323 1.9836 2.0302 2.2493 CANADA DOLLAR 1.0651 1.0951 1.1350 1.1137 CHINA, P.R. YUAN 7.6333 7.6773 7.7247 8.0042 DENMARK KRONE 5.5463 5.5120 5.5155 5.8897 *EMU MEMBERS EURO 1.3421 1.3518 1.3513 1.2661 HONG KONG DOLLAR 7.8142 7.8187 7.8154 7.7636 INDIA RUPEE 40.59 40.57 42.02 45.89 JAPAN YEN 122.69 120.77 118.93 114.63 MALAYSIA RINGGIT 3.4444 3.4002 3.4364 3.6638 MEXICO PESO 10.833 10.822 10.980 11.393 *NEW ZEALAND DOLLAR 0.7570 0.7334 0.7345 0.6190 NORWAY KRONE 5.9980 6.0220 6.0098 6.2070 SINGAPORE DOLLAR 1.5367 1.5231 1.5150 1.5912 SOUTH AFRICA RAND 7.1515 7.0148 7.1026 6.9738 SOUTH KOREA WON 927.87 927.56 930.69 954.45 SRI LANKA RUPEE 110.966 110.800 109.360 103.525 SWEDEN KRONA 6.9485 6.8094 6.8371 7.2949 SWITZERLAND FRANC 1.2330 1.2211 1.2124 1.2321 TAIWAN DOLLAR 32.974 33.278 33.145 32.440 THAILAND BAHT 32.318 32.818 32.421 38.349 *UNITED KINGDOM POUND 1.9867 1.9842 1.9879 1.8435 VENEZUELA BOLIVAR 2144.60 2144.60 2144.60 2144.60 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 104.12 104.40 105.30 108.62 2)MAJOR CURRENCY MAR73=100 78.93 79.20 79.87 81.51 3)OITP JAN97=100 130.23 130.48 131.64 137.35 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