G.5(405) June 1, 2010 FOREIGN EXCHANGE RATES THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN MAY 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 2010 2010 2009 COUNTRY UNIT May April March May *AUSTRALIA DOLLAR 0.8713 0.9262 0.9123 0.7648 BRAZIL REAL 1.8142 1.7568 1.7855 2.0689 CANADA DOLLAR 1.0403 1.0052 1.0229 1.1528 CHINA, P.R. YUAN 6.8275 6.8256 6.8262 6.8235 DENMARK KRONE 5.9253 5.5472 5.4837 5.4585 *EMU MEMBERS EURO 1.2563 1.3417 1.3570 1.3646 HONG KONG DOLLAR 7.7856 7.7627 7.7612 7.7510 INDIA RUPEE 45.7690 44.4440 45.4509 48.5100 JAPAN YEN 91.9730 93.4527 90.7161 96.6445 MALAYSIA RINGGIT 3.2509 3.2044 3.3205 3.5218 MEXICO PESO 12.7262 12.2396 12.5673 13.1895 *NEW ZEALAND DOLLAR 0.6984 0.7122 0.7036 0.6014 NORWAY KRONE 6.2872 5.9169 5.9204 6.4504 SINGAPORE DOLLAR 1.3940 1.3817 1.3994 1.4611 SOUTH AFRICA RAND 7.6515 7.3444 7.4057 8.3741 SOUTH KOREA WON 1164.8410 1115.4591 1136.0822 1254.3450 SRI LANKA RUPEE 113.7025 113.8286 114.1039 116.6720 SWEDEN KRONA 7.7042 7.2026 7.1630 7.7602 SWITZERLAND FRANC 1.1295 1.0690 1.0666 1.1076 TAIWAN DOLLAR 31.8345 31.4767 31.8291 32.8695 THAILAND BAHT 32.3650 32.2686 32.4913 34.6240 *UNITED KINGDOM POUND 1.4669 1.5332 1.5058 1.5418 VENEZUELA BOLIVAR 4.2893 4.2893 4.2893 2.1446 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 104.5801 101.6570 102.1247 106.4337 2)MAJOR CURRENCY MAR73=100 78.4374 75.3459 75.1806 79.0655 3)OITP JAN97=100 132.0272 129.7880 131.2270 135.6002 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