G.5(405)                                                         August 2, 2010



 FOREIGN EXCHANGE RATES

 THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN JULY 2010 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       2010         2010         2010         2009
   COUNTRY           UNIT         July         June          May         July

 *AUSTRALIA        DOLLAR          0.8786       0.8539       0.8713       0.8049
  BRAZIL           REAL            1.7689       1.8042       1.8142       1.9328
  CANADA           DOLLAR          1.0422       1.0376       1.0403       1.1229
  CHINA, P.R.      YUAN            6.7762       6.8184       6.8275       6.8317
  DENMARK          KRONE           5.8179       6.0873       5.9253       5.2837
 *EMU MEMBERS      EURO            1.2811       1.2223       1.2563       1.4092
  HONG KONG        DOLLAR          7.7753       7.7880       7.7856       7.7500
  INDIA            RUPEE          46.7617      46.4983      45.7690      48.3624
  JAPAN            YEN            87.5005      90.8059      91.9730      94.3670
  MALAYSIA         RINGGIT         3.2035       3.2633       3.2509       3.5443
  MEXICO           PESO           12.8038      12.7102      12.7262      13.3623
 *NEW ZEALAND      DOLLAR          0.7145       0.6926       0.6984       0.6444
  NORWAY           KRONE           6.2633       6.4728       6.2872       6.3566
  SINGAPORE        DOLLAR          1.3756       1.3976       1.3940       1.4493
  SOUTH AFRICA     RAND            7.5212       7.6356       7.6515       7.9446
  SOUTH KOREA      WON          1203.8095    1214.1114    1164.8410    1259.6739
  SRI LANKA        RUPEE         112.9571     113.5605     113.7025     114.8002
  SWEDEN           KRONA           7.4066       7.8261       7.7042       7.6843
  SWITZERLAND      FRANC           1.0530       1.1255       1.1295       1.0780
  TAIWAN           DOLLAR         32.0935      32.1988      31.8345      32.8745
  THAILAND         BAHT           32.2895      32.4459      32.3650      34.0313
 *UNITED KINGDOM   POUND           1.5304       1.4768       1.4669       1.6378
  VENEZUELA        BOLIVAR         4.2896       4.2893       4.2893       2.1446

  MEMO:
  UNITED STATES    DOLLAR
1)BROAD            JAN97=100     103.4384     105.1763     104.5799     104.6215
2)MAJOR CURRENCY   MAR73=100      76.7385      79.0001      78.4374      76.6154
3)OITP             JAN97=100     131.9449     132.5954     132.0267     135.1074


 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 May 2009 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
                =  .585274  CYPRUS POUND
                =  5.94573  FINNISH MARKKAS
                =  6.55957  FRENCH FRANCS
                =  1.95583  GERMAN MARKS
                =  340.750  GREEK DRACHMAS
                =  .787564  IRISH POUNDS
                =  1936.27  ITALIAN LIRE
                =  40.3399  LUXEMBOURG FRANCS
                =  .429300  MALTESE LIRA
                =  2.20371  NETHERLANDS GUILDERS
                =  200.482  PORTUGUESE ESCUDOS
                =  166.386  SPANISH PESETAS
                =  30.1260  SLOVAKIAN KORUNA
                =  239.640  SLOVENIAN TOLAR

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