G.5A(405) January 2, 2008 THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN 2007 TOGETHER WITH COMPARABLE FIGURES FOR OTHER YEARS. 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 COUNTRY UNIT 2007 2006 2005 2004 *AUSTRALIA DOLLAR 0.8391 0.7535 0.7627 0.7365 BRAZIL REAL 1.9461 2.1738 2.4352 2.9262 CANADA DOLLAR 1.0734 1.1340 1.2115 1.3017 CHINA,P.R. YUAN 7.6058 7.9723 8.1936 8.2768 DENMARK KRONE 5.4413 5.9422 5.9953 5.9891 *EMU MEMBERS EURO 1.3711 1.2563 1.2449 1.2438 HONG KONG DOLLAR 7.8016 7.7681 7.7775 7.7891 INDIA RUPEE 41.18 45.19 44.00 45.26 JAPAN YEN 117.76 116.31 110.11 108.15 MALAYSIA RINGGIT 3.4354 3.6661 3.7869 3.8000 MEXICO PESO 10.928 10.906 10.894 11.290 *NEW ZEALAND DOLLAR 0.7365 0.6492 0.7049 0.6643 NORWAY KRONE 5.8557 6.4095 6.4412 6.7399 SINGAPORE DOLLAR 1.5065 1.5882 1.6639 1.6902 SOUTH AFRICA RAND 7.0477 6.7668 6.3606 6.4402 SOUTH KOREA WON 928.97 954.32 1023.75 1145.24 SRI LANKA RUPEE 110.620 103.940 100.383 101.268 SWEDEN KRONA 6.7550 7.3718 7.4710 7.3480 SWITZERLAND FRANC 1.1999 1.2532 1.2459 1.2428 TAIWAN DOLLAR 32.852 32.506 32.131 33.372 THAILAND BAHT 32.203 37.876 40.252 40.271 *UNITED KINGDOM POUND 2.0020 1.8434 1.8204 1.8330 VENEZUELA BOLIVAR 2144.60 2144.60 2107.13 1886.13 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 103.40 108.52 110.71 113.63 2)MAJOR CURRENCY MAR73=100 77.84 82.46 83.71 85.37 3)OITP JAN97=100 130.28 135.38 138.89 143.38 This release is available online at http://www.federalreserve.gov/releases/g5a. 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 major currencies index and the other important trading partners (OITP) index are derived from the broad index weights. 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 euro-area currencies. These currency rates can be derived from the 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