G.5(405) November 1, 2007 FOREIGN EXCHANGE RATES THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN OCTOBER 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 October September August October *AUSTRALIA DOLLAR 0.8996 0.8461 0.8291 0.7544 BRAZIL REAL 1.7987 1.9023 1.9620 2.1458 CANADA DOLLAR 0.9754 1.0267 1.0579 1.1285 CHINA, P.R. YUAN 7.5019 7.5210 7.5734 7.9018 DENMARK KRONE 5.2363 5.3563 5.4621 5.9085 *EMU MEMBERS EURO 1.4233 1.3910 1.3626 1.2617 HONG KONG DOLLAR 7.7545 7.7824 7.8155 7.7849 INDIA RUPEE 39.37 40.17 40.68 45.36 JAPAN YEN 115.87 115.04 116.73 118.61 MALAYSIA RINGGIT 3.3735 3.4691 3.4826 3.6762 MEXICO PESO 10.821 11.032 11.044 10.885 *NEW ZEALAND DOLLAR 0.7603 0.7188 0.7259 0.6621 NORWAY KRONE 5.4023 5.6256 5.8492 6.6591 SINGAPORE DOLLAR 1.4650 1.5110 1.5226 1.5775 SOUTH AFRICA RAND 6.7574 7.1007 7.2153 7.6300 SOUTH KOREA WON 914.94 928.60 934.48 952.64 SRI LANKA RUPEE 112.858 113.342 112.184 105.718 SWEDEN KRONA 6.4439 6.6713 6.8429 7.3338 SWITZERLAND FRANC 1.1741 1.1852 1.2027 1.2602 TAIWAN DOLLAR 32.550 33.011 32.962 33.194 THAILAND BAHT 31.525 32.057 31.796 37.281 *UNITED KINGDOM POUND 2.0449 2.0184 2.0110 1.8765 VENEZUELA BOLIVAR 2144.60 2144.60 2144.60 2144.60 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 99.80 101.93 103.33 108.21 2)MAJOR CURRENCY MAR73=100 73.93 75.91 77.51 82.36 3)OITP JAN97=100 127.98 129.94 130.72 134.79 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