G.5(405) November 1, 2005 FOREIGN EXCHANGE RATES THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN OCTOBER 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 October September August October *AUSTRALIA DOLLAR 0.7535 0.7651 0.7614 0.7337 BRAZIL REAL 2.2536 2.2949 2.3609 2.8520 CANADA DOLLAR 1.1774 1.1777 1.2043 1.2469 CHINA, P.R. YUAN 8.0894 8.0919 8.1017 8.2765 DENMARK KRONE 6.2064 6.0973 6.0665 5.9486 *EMU MEMBERS EURO 1.2022 1.2234 1.2295 1.2507 HONG KONG DOLLAR 7.7559 7.7618 7.7709 7.7889 INDIA RUPEE 44.76 43.85 43.55 45.74 JAPAN YEN 114.87 111.24 110.61 108.78 MALAYSIA RINGGIT 3.7735 3.7689 3.7589 3.8000 MEXICO PESO 10.835 10.786 10.686 11.404 *NEW ZEALAND DOLLAR 0.6983 0.6987 0.6956 0.6846 NORWAY KRONE 6.5103 6.3830 6.4367 6.5809 SINGAPORE DOLLAR 1.6915 1.6820 1.6623 1.6767 SOUTH AFRICA RAND 6.5878 6.3661 6.4599 6.3815 SOUTH KOREA WON 1045.88 1029.84 1021.68 1141.57 SRI LANKA RUPEE 101.485 101.332 100.738 103.885 SWEDEN KRONA 7.8433 7.6300 7.5951 7.2453 SWITZERLAND FRANC 1.2880 1.2671 1.2629 1.2330 TAIWAN DOLLAR 33.468 32.925 32.076 33.775 THAILAND BAHT 40.895 41.040 41.132 41.294 *UNITED KINGDOM POUND 1.7651 1.8064 1.7944 1.8077 VENEZUELA BOLIVAR 2144.60 2144.60 2144.60 1918.08 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 111.83 110.70 110.76 112.90 2)MAJOR CURRENCY MAR73=100 85.21 83.89 84.26 84.25 3)OITP JAN97=100 138.82 138.34 137.76 143.74 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