G.5(405)                                                       February 1, 2011



 FOREIGN EXCHANGE RATES

 THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN JANUARY 2011 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       2011         2010         2010         2010
   COUNTRY           UNIT        January     December     November      January

 *AUSTRALIA        DOLLAR          0.9962       0.9929       0.9889       0.9127
  BRAZIL           REAL            1.6745       1.6955       1.7131       1.7817
  CANADA           DOLLAR          0.9939       1.0081       1.0129       1.0438
  CHINA, P.R.      YUAN            6.5964       6.6497       6.6538       6.8269
  DENMARK          KRONE           5.5749       5.6366       5.4617       5.2177
 *EMU MEMBERS      EURO            1.3371       1.3221       1.3654       1.4266
  HONG KONG        DOLLAR          7.7803       7.7736       7.7546       7.7624
  INDIA            RUPEE          45.3750      45.1000      44.9315      45.8944
  JAPAN            YEN            82.6250      83.3376      82.5180      91.1011
  MALAYSIA         RINGGIT         3.0595       3.1283       3.1132       3.3750
  MEXICO           PESO           12.1280      12.3902      12.3376      12.8096
 *NEW ZEALAND      DOLLAR          0.7656       0.7511       0.7723       0.7263
  NORWAY           KRONE           5.8561       5.9833       5.9645       5.7402
  SINGAPORE        DOLLAR          1.2863       1.3063       1.2987       1.3965
  SOUTH AFRICA     RAND            6.9239       6.8237       6.9749       7.4631
  SOUTH KOREA      WON          1118.8675    1145.4833    1129.6230    1138.1947
  SRI LANKA        RUPEE         110.8200     111.0081     111.5155     114.3589
  SWEDEN           KRONA           6.6673       6.8524       6.8201       7.1534
  SWITZERLAND      FRANC           0.9565       0.9689       0.9847       1.0345
  TAIWAN           DOLLAR         29.1105      29.9014      30.3180      31.8658
  THAILAND         BAHT           30.5455      30.0857      29.8690      33.0274
 *UNITED KINGDOM   POUND           1.5782       1.5595       1.5961       1.6158
  VENEZUELA        BOLIVAR         4.2898       4.2893       4.2893       3.6137

  MEMO:
  UNITED STATES    DOLLAR
1)BROAD            JAN97=100      98.7860      99.9363      99.2337     101.2951
2)MAJOR CURRENCY   MAR73=100      72.9456      73.8097      72.8356      73.8095
3)OITP             JAN97=100     126.5702     128.0189     127.8747     131.5050


 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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