G.5(405)                                                        January 4, 2010



 FOREIGN EXCHANGE RATES

 THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN DECEMBER 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       December     November      October     December

 *AUSTRALIA        DOLLAR          0.9021       0.9197       0.9067       0.6719
  BRAZIL           REAL            1.7508       1.7268       1.7378       2.3954
  CANADA           DOLLAR          1.0537       1.0593       1.0547       1.2337
  CHINA, P.R.      YUAN            6.8275       6.8271       6.8267       6.8539
  DENMARK          KRONE           5.1060       4.9914       5.0220       5.5239
 *EMU MEMBERS      EURO            1.4579       1.4908       1.4821       1.3511
  HONG KONG        DOLLAR          7.7526       7.7497       7.7497       7.7504
  INDIA            RUPEE          46.5273      46.5305      46.6524      48.5132
  JAPAN            YEN            89.9509      89.2674      90.3671      91.2750
  MALAYSIA         RINGGIT         3.4099       3.3886       3.4016       3.5483
  MEXICO           PESO           12.8622      13.1115      13.2275      13.4167
 *NEW ZEALAND      DOLLAR          0.7169       0.7301       0.7386       0.5597
  NORWAY           KRONE           5.7708       5.6430       5.6428       7.0159
  SINGAPORE        DOLLAR          1.3962       1.3888       1.3974       1.4769
  SOUTH AFRICA     RAND            7.4848       7.5096       7.4871       9.9227
  SOUTH KOREA      WON          1163.3109    1162.8368    1173.7405    1361.5727
  SRI LANKA        RUPEE         114.2836     114.4853     114.7838     111.4464
  SWEDEN           KRONA           7.1384       6.9267       6.9550       8.0124
  SWITZERLAND      FRANC           1.0301       1.0131       1.0213       1.1404
  TAIWAN           DOLLAR         32.2459      32.3189      32.2910      33.1555
  THAILAND         BAHT           33.2045      33.2621      33.3900      35.0086
 *UNITED KINGDOM   POUND           1.6226       1.6599       1.6212       1.4854
  VENEZUELA        BOLIVAR         2.1446       2.1430       2.1446       2.1446

  MEMO:
  UNITED STATES    DOLLAR
1)BROAD            JAN97=100     101.7502     101.2873     101.7775     108.4748
2)MAJOR CURRENCY   MAR73=100      73.9795      73.1487      73.5597      80.6853
3)OITP             JAN97=100     132.5444     132.8137     133.3550     138.5069


 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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