Federal Reserve Statistical Release, G.5, Foreign Exchange Rates (Monthly); title with eagle logo links to Statistical Release home page
Release Date: November 3, 2008
Release dates | Dollar indexes, summary measures | Currency weights
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G.5(405)                                                       November 3, 2008

Note:

The G.5 Report has been reposted to revise the values for the broad and major
currency dollar indices for the month of October 2008.  The value for the October
broad index initially was reported as 106.9485, and the value for the October major
currency index  was reported as 80.4144.  However, the correct values are 106.9513
and 80.4186 respectively.  All other values have not changed since the initial posting.



 FOREIGN EXCHANGE RATES

 THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN OCTOBER 2008 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       2008         2008         2008         2007
   COUNTRY           UNIT        October     September     August       October

 *AUSTRALIA        DOLLAR          0.6870       0.8168       0.8815       0.8996
  BRAZIL           REAL            2.1810       1.8031       1.6127       1.7987
  CANADA           DOLLAR          1.1847       1.0582       1.0535       0.9754
  CHINA, P.R.      YUAN            6.8358       6.8307       6.8462       7.5019
  DENMARK          KRONE           5.6253       5.2020       4.9894       5.2363
 *EMU MEMBERS      EURO            1.3266       1.4342       1.4955       1.4233
  HONG KONG        DOLLAR          7.7588       7.7854       7.8076       7.7545
  INDIA            RUPEE          48.6155      45.5300      42.9057      39.3661
  JAPAN            YEN            99.9659     106.5748     109.3624     115.8661
  MALAYSIA         RINGGIT         3.5222       3.4405       3.3300       3.3735
  MEXICO           PESO           12.6593      10.6633      10.1154      10.8214
 *NEW ZEALAND      DOLLAR          0.6077       0.6739       0.7091       0.7603
  NORWAY           KRONE           6.4973       5.6958       5.3331       5.4023
  SINGAPORE        DOLLAR          1.4784       1.4297       1.4052       1.4650
  SOUTH AFRICA     RAND            9.7800       8.0753       7.6651       6.7574
  SOUTH KOREA      WON          1329.1877    1134.8667    1046.1143     914.9435
  SRI LANKA        RUPEE         108.1661     107.8233     107.7181     112.8583
  SWEDEN           KRONA           7.4435       6.6816       6.2845       6.4439
  SWITZERLAND      FRANC           1.1429       1.1102       1.0841       1.1741
  TAIWAN           DOLLAR         32.7025      31.9924      31.2205      32.5473
  THAILAND         BAHT           34.4209      34.2381      33.8195      31.5248
 *UNITED KINGDOM   POUND           1.6862       1.7973       1.8865       2.0449
  VENEZUELA        BOLIVAR         2.1446       2.1446       2.1446       2.1446

  MEMO:
  UNITED STATES    DOLLAR
1)BROAD            JAN97=100     106.9513     100.3027      97.9342      99.8044
2)MAJOR CURRENCY   MAR73=100      80.4186      75.5106      74.0869      73.9310
3)OITP             JAN97=100     135.0857     126.5348     122.9402     127.9799


 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 "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 to the trade weights and the dollar indexes took effect
 with the January 2007 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
                =  239.640  SLOVENIAN TOLAR
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