G.5(405) February 1, 2006 FOREIGN EXCHANGE RATES THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN JANUARY 2006 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 2006 2005 2005 2005 COUNTRY UNIT January December November January *AUSTRALIA DOLLAR 0.7505 0.7423 0.7353 0.7668 BRAZIL REAL 2.2666 2.2809 2.2109 2.6895 CANADA DOLLAR 1.1572 1.1615 1.1815 1.2248 CHINA, P.R. YUAN 8.0654 8.0755 8.0840 8.2765 DENMARK KRONE 6.1530 6.2844 6.3277 5.6699 *EMU MEMBERS EURO 1.2126 1.1861 1.1789 1.3123 HONG KONG DOLLAR 7.7537 7.7531 7.7538 7.7948 INDIA RUPEE 44.20 45.56 45.63 43.62 JAPAN YEN 115.48 118.46 118.45 103.34 MALAYSIA RINGGIT 3.7530 3.7780 3.7782 3.8000 MEXICO PESO 10.542 10.627 10.672 11.263 *NEW ZEALAND DOLLAR 0.6872 0.6947 0.6897 0.7065 NORWAY KRONE 6.6287 6.7242 6.6399 6.2672 SINGAPORE DOLLAR 1.6310 1.6738 1.6981 1.6377 SOUTH AFRICA RAND 6.0760 6.3480 6.6554 5.9587 SOUTH KOREA WON 981.44 1022.38 1040.76 1037.98 SRI LANKA RUPEE 102.016 101.977 101.800 98.929 SWEDEN KRONA 7.6697 7.9518 8.1157 6.8991 SWITZERLAND FRANC 1.2773 1.3053 1.3110 1.1792 TAIWAN DOLLAR 32.035 33.286 33.580 31.847 THAILAND BAHT 39.519 41.076 41.097 38.739 *UNITED KINGDOM POUND 1.7686 1.7458 1.7349 1.8797 VENEZUELA BOLIVAR 2144.64 2144.62 2144.66 1915.20 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 110.18 111.79 112.51 109.45 2)MAJOR CURRENCY MAR73=100 84.44 85.83 86.58 81.05 3)OITP JAN97=100 136.02 137.72 138.26 140.45 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 December 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 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 = 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