G.5(405)                                                           June 1, 2009

 REVISED: EXCHANGE RATE AVERAGES REVISED TO EXCLUDE MEMORIAL DAY, MAY 25, 2009, A
 U.S. FEDERAL HOLIDAY.

 THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN MAY 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         2009         2008
   COUNTRY           UNIT          May         April        March         May

 *AUSTRALIA        DOLLAR          0.7648       0.7158       0.6666       0.9492
  BRAZIL           REAL            2.0689       2.2027       2.3161       1.6585
  CANADA           DOLLAR          1.1528       1.2242       1.2645       0.9993
  CHINA, P.R.      YUAN            6.8235       6.8306       6.8360       6.9725
  DENMARK          KRONE           5.4585       5.6437       5.7137       4.7963
 *EMU MEMBERS      EURO            1.3646       1.3199       1.3050       1.5554
  HONG KONG        DOLLAR          7.7510       7.7501       7.7530       7.7988
  INDIA            RUPEE          48.5100      49.9655      51.1291      42.0019
  JAPAN            YEN            96.6445      98.9200      97.8550     104.3595
  MALAYSIA         RINGGIT         3.5218       3.6053       3.6726       3.2127
  MEXICO           PESO           13.1895      13.4035      14.6466      10.4381
 *NEW ZEALAND      DOLLAR          0.6014       0.5729       0.5336       0.7777
  NORWAY           KRONE           6.4504       6.6557       6.7855       5.0571
  SINGAPORE        DOLLAR          1.4611       1.5028       1.5296       1.3659
  SOUTH AFRICA     RAND            8.3741       8.9644       9.9536       7.6076
  SOUTH KOREA      WON          1254.3450    1332.1250    1449.6159    1034.1333
  SRI LANKA        RUPEE         116.6720     117.3068     114.2836     107.7705
  SWEDEN           KRONA           7.7602       8.2297       8.5727       5.9887
  SWITZERLAND      FRANC           1.1076       1.1481       1.1555       1.0448
  TAIWAN           DOLLAR         32.8695      33.6009      34.3041      30.5890
  THAILAND         BAHT           34.6240      35.4036      35.7368      32.0262
 *UNITED KINGDOM   POUND           1.5418       1.4712       1.4170       1.9650
  VENEZUELA        BOLIVAR         2.1446       2.1446       2.1446       2.1446

  MEMO:
  UNITED STATES    DOLLAR
1)BROAD            JAN97=100     106.4881     109.6697     112.4505      95.8313
2)MAJOR CURRENCY   MAR73=100      78.8899      82.2812      83.8370      70.7486
3)OITP             JAN97=100     136.1971     138.7375     143.2446     123.3326


 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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