H.10 WEEKLY UPDATE: WEB RELEASE ONLY                               For immediate release
 FOREIGN EXCHANGE RATES                                             May 31, 2011


(Rates in currency units per U.S. dollar except as noted)


                 MONETARY
   COUNTRY         UNIT       May. 23      May. 24      May. 25      May. 26      May. 27

 *AUSTRALIA      DOLLAR         1.0496       1.0555       1.0537       1.0590       1.0711
  BRAZIL         REAL           1.6345       1.6287       1.6264       1.6232       1.5985
  CANADA         DOLLAR         0.9791       0.9773       0.9765       0.9809       0.9771
  CHINA, P.R.    YUAN           6.5050       6.4990       6.4930       6.4913       6.4920
  DENMARK        KRONE          5.3203       5.2848       5.2863       5.2915       5.2182
 *EMU MEMBERS    EURO           1.4015       1.4107       1.4102       1.4088       1.4287
  HONG KONG      DOLLAR         7.7772       7.7767       7.7813       7.7855       7.7839
  INDIA          RUPEE         45.2200      45.2100      45.3200      45.3300      45.1700
  JAPAN          YEN           81.8100      82.1200      81.9600      81.4400      80.7500
  MALAYSIA       RINGGIT        3.0580       3.0485       3.0600       3.0430       3.0250
  MEXICO         PESO          11.7335      11.6986      11.6820      11.6910      11.6113
 *NEW ZEALAND    DOLLAR         0.7881       0.7976       0.8000       0.8083       0.8187
  NORWAY         KRONE          5.6176       5.5589       5.5564       5.5257       5.4205
  SINGAPORE      DOLLAR         1.2488       1.2460       1.2460       1.2461       1.2360
  SOUTH AFRICA   RAND           7.0215       6.9967       7.0276       6.9875       6.9050
  SOUTH KOREA    WON         1097.8000    1093.2000    1101.6000    1089.0000    1082.2000
  SRI LANKA      RUPEE        109.8800     109.9500     109.9000     109.8500     109.8200
  SWEDEN         KRONA          6.3796       6.3332       6.3157       6.3194       6.2244
  SWITZERLAND    FRANC          0.8831       0.8800       0.8720       0.8666       0.8520
  TAIWAN         DOLLAR        28.9000      28.9200      28.9900      28.8900      28.8700
  THAILAND       BAHT          30.4000      30.3800      30.4200      30.4200      30.3000
 *UNITED KINGDOM POUND          1.6102       1.6185       1.6277       1.6346       1.6494
  VENEZUELA      BOLIVAR        4.2893       4.2893       4.2893       4.2893       4.2893

  MEMO:
  UNITED STATES   DOLLAR
1)BROAD          JAN97=100     96.4949      96.2557      96.2155      96.1399      95.5185
2)MAJOR CURRENCY MAR73=100     70.9474      70.7142      70.6236      70.6147      69.9215
3)OITP           JAN97=100    124.0506     123.8306     123.8718     123.7036     123.2662


 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 of the currency weights and dollar indexes took effect
 with the May 2010 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 L.P.

 *  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.

 The euro is reported in place of the individual euro-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

Statistical releases