G.5(405) April 29, 2005 FOREIGN EXCHANGE RATES THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN APRIL 2005 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 2005 2005 2005 2004 COUNTRY UNIT April March February April *AUSTRALIA DOLLAR 0.7738 0.7848 0.7812 0.7443 BRAZIL REAL 2.5760 2.7061 2.5971 2.9079 CANADA DOLLAR 1.2359 1.2160 1.2401 1.3420 CHINA, P.R. YUAN 8.2765 8.2765 8.2765 8.2769 DENMARK KRONE 5.7554 5.6488 5.7195 6.2104 *EMU MEMBERS EURO 1.2943 1.3185 1.3013 1.1989 HONG KONG DOLLAR 7.7984 7.7994 7.7994 7.7970 INDIA RUPEE 43.64 43.59 43.58 43.89 JAPAN YEN 107.19 105.25 104.94 107.66 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 11.112 11.155 11.137 11.270 *NEW ZEALAND DOLLAR 0.7209 0.7300 0.7155 0.6415 NORWAY KRONE 6.3147 6.2116 6.3960 6.9263 SINGAPORE DOLLAR 1.6511 1.6308 1.6381 1.6849 SOUTH AFRICA RAND 6.1469 6.0328 6.0001 6.5747 SOUTH KOREA WON 1010.07 1007.78 1023.11 1152.86 SRI LANKA RUPEE 99.671 99.390 99.273 98.132 SWEDEN KRONA 7.0814 6.8954 6.9800 7.6496 SWITZERLAND FRANC 1.1954 1.1756 1.1918 1.2969 TAIWAN DOLLAR 31.480 31.106 31.498 32.970 THAILAND BAHT 39.521 38.594 38.446 39.453 *UNITED KINGDOM POUND 1.8961 1.9043 1.8871 1.8031 VENEZUELA BOLIVAR 2144.60 2124.65 1915.20 1920.00 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 109.92 108.93 109.58 114.90 2)MAJOR CURRENCY MAR73=100 82.23 80.89 81.81 87.42 3)OITP JAN97=100 139.53 139.52 139.44 142.88 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 "New Summary Measures of the Foreign Exchange Value of the Dollar," Federal Reserve Bulletin, vol. 84 (October 1998), pp. 811-18 (http://www.federalreserve.gov/pubs/bulletin/). 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 February 28, 2005, 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 Reuters Limited. * 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