G.5(405)                                                       February 1, 2010



 FOREIGN EXCHANGE RATES

 THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN JANUARY 2010 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       2010         2009         2009         2009
   COUNTRY           UNIT        January     December     November      January

 *AUSTRALIA        DOLLAR          0.9127       0.9021       0.9197       0.6754
  BRAZIL           REAL            1.7817       1.7508       1.7268       2.3079
  CANADA           DOLLAR          1.0438       1.0537       1.0593       1.2248
  CHINA, P.R.      YUAN            6.8269       6.8275       6.8271       6.8360
  DENMARK          KRONE           5.2177       5.1060       4.9914       5.6284
 *EMU MEMBERS      EURO            1.4266       1.4579       1.4908       1.3244
  HONG KONG        DOLLAR          7.7624       7.7526       7.7497       7.7563
  INDIA            RUPEE          45.8944      46.5273      46.5305      48.6995
  JAPAN            YEN            91.1011      89.9509      89.2674      90.1205
  MALAYSIA         RINGGIT         3.3750       3.4099       3.3886       3.5705
  MEXICO           PESO           12.8096      12.8622      13.1115      13.8839
 *NEW ZEALAND      DOLLAR          0.7263       0.7169       0.7301       0.5510
  NORWAY           KRONE           5.7402       5.7708       5.6430       6.9566
  SINGAPORE        DOLLAR          1.3965       1.3962       1.3888       1.4913
  SOUTH AFRICA     RAND            7.4631       7.4848       7.5096       9.9076
  SOUTH KOREA      WON          1138.1947    1163.3109    1162.8368    1354.3975
  SRI LANKA        RUPEE         114.3589     114.2836     114.4853     113.7685
  SWEDEN           KRONA           7.1534       7.1384       6.9267       8.1044
  SWITZERLAND      FRANC           1.0345       1.0301       1.0131       1.1267
  TAIWAN           DOLLAR         31.8658      32.2459      32.3189      33.3695
  THAILAND         BAHT           33.0274      33.2045      33.2621      34.8710
 *UNITED KINGDOM   POUND           1.6158       1.6226       1.6599       1.4462
  VENEZUELA        BOLIVAR         3.6137       2.1446       2.1430       2.1446

  MEMO:
  UNITED STATES    DOLLAR
1)BROAD            JAN97=100     102.1350     101.7541     101.2873     109.0996
2)MAJOR CURRENCY   MAR73=100      74.5177      73.9795      73.1487      81.0122
3)OITP             JAN97=100     132.5910     132.5545     132.8137     139.5384


 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 May 2009 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
                =  .585274  CYPRUS POUND
                =  5.94573  FINNISH MARKKAS
                =  6.55957  FRENCH FRANCS
                =  1.95583  GERMAN MARKS
                =  340.750  GREEK DRACHMAS
                =  .787564  IRISH POUNDS
                =  1936.27  ITALIAN LIRE
                =  40.3399  LUXEMBOURG FRANCS
                =  .429300  MALTESE LIRA
                =  2.20371  NETHERLANDS GUILDERS
                =  200.482  PORTUGUESE ESCUDOS
                =  166.386  SPANISH PESETAS
                =  30.1260  SLOVAKIAN KORUNA
                =  239.640  SLOVENIAN TOLAR

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