G.5(405)                                                          March 2, 2009



 FOREIGN EXCHANGE RATES

 THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN FEBRUARY 2009 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       2009         2009         2008         2008
   COUNTRY           UNIT       February      January     December     February

 *AUSTRALIA        DOLLAR          0.6504       0.6754       0.6719       0.9133
  BRAZIL           REAL            2.3230       2.3079       2.3954       1.7290
  CANADA           DOLLAR          1.2452       1.2248       1.2337       0.9986
  CHINA, P.R.      YUAN            6.8363       6.8360       6.8539       7.1644
  DENMARK          KRONE           5.8226       5.6284       5.5239       5.0507
 *EMU MEMBERS      EURO            1.2797       1.3244       1.3511       1.4759
  HONG KONG        DOLLAR          7.7534       7.7563       7.7504       7.7963
  INDIA            RUPEE          49.2484      48.6995      48.5132      39.6735
  JAPAN            YEN            92.9158      90.1205      91.2750     107.0300
  MALAYSIA         RINGGIT         3.6345       3.5705       3.5483       3.2216
  MEXICO           PESO           14.6066      13.8839      13.4167      10.7679
 *NEW ZEALAND      DOLLAR          0.5160       0.5510       0.5597       0.7969
  NORWAY           KRONE           6.8710       6.9566       7.0159       5.3851
  SINGAPORE        DOLLAR          1.5178       1.4913       1.4769       1.4106
  SOUTH AFRICA     RAND            9.9773       9.9076       9.9227       7.6578
  SOUTH KOREA      WON          1439.5842    1354.3975    1361.5727     944.0050
  SRI LANKA        RUPEE         114.1026     113.7685     111.4464     107.8270
  SWEDEN           KRONA           8.5455       8.1044       8.0124       6.3450
  SWITZERLAND      FRANC           1.1639       1.1267       1.1404       1.0890
  TAIWAN           DOLLAR         34.2389      33.3695      33.1555      31.6125
  THAILAND         BAHT           35.3089      34.8710      35.0086      31.1740
 *UNITED KINGDOM   POUND           1.4422       1.4462       1.4854       1.9646
  VENEZUELA        BOLIVAR         2.1446       2.1446       2.1446       2.1446

  MEMO:
  UNITED STATES    DOLLAR
1)BROAD            JAN97=100     111.8151     109.0996     108.4748      97.6723
2)MAJOR CURRENCY   MAR73=100      83.1065      81.0122      80.6853      72.5747
3)OITP             JAN97=100     142.8744     139.5384     138.5069     124.8332


 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

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