G.5(405)                                                          April 1, 2011



 FOREIGN EXCHANGE RATES

 THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN MARCH 2011 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       2011         2011         2011         2010
   COUNTRY           UNIT         March      February      January       March

 *AUSTRALIA        DOLLAR          1.0113       1.0084       0.9962       0.9123
  BRAZIL           REAL            1.6574       1.6664       1.6745       1.7855
  CANADA           DOLLAR          0.9766       0.9876       0.9939       1.0229
  CHINA, P.R.      YUAN            6.5645       6.5761       6.5964       6.8262
  DENMARK          KRONE           5.3191       5.4596       5.5749       5.4837
 *EMU MEMBERS      EURO            1.4020       1.3656       1.3371       1.3570
  HONG KONG        DOLLAR          7.7913       7.7895       7.7803       7.7612
  INDIA            RUPEE          44.9143      45.3795      45.3750      45.4509
  JAPAN            YEN            81.6470      82.5368      82.6250      90.7161
  MALAYSIA         RINGGIT         3.0341       3.0453       3.0595       3.3205
  MEXICO           PESO           11.9963      12.0649      12.1280      12.5673
 *NEW ZEALAND      DOLLAR          0.7423       0.7620       0.7656       0.7036
  NORWAY           KRONE           5.5913       5.7319       5.8561       5.9204
  SINGAPORE        DOLLAR          1.2678       1.2757       1.2863       1.3994
  SOUTH AFRICA     RAND            6.8976       7.1844       6.9239       7.4057
  SOUTH KOREA      WON          1119.2674    1117.4368    1118.8675    1136.0822
  SRI LANKA        RUPEE         110.3022     110.8074     110.8200     114.1039
  SWEDEN           KRONA           6.3493       6.4342       6.6673       7.1630
  SWITZERLAND      FRANC           0.9185       0.9500       0.9565       1.0666
  TAIWAN           DOLLAR         29.4930      29.2779      29.1105      31.8291
  THAILAND         BAHT           30.3330      30.6953      30.5455      32.4913
 *UNITED KINGDOM   POUND           1.6159       1.6124       1.5782       1.5058
  VENEZUELA        BOLIVAR         4.2893       4.2893       4.2898       4.2893

  MEMO:
  UNITED STATES    DOLLAR
1)BROAD            JAN97=100      97.0066      97.9930      98.7859     102.1333
2)MAJOR CURRENCY   MAR73=100      70.8304      72.0050      72.9456      75.1809
3)OITP             JAN97=100     125.6215     126.1404     126.5698     131.2481


 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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