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