H.10(512) May 6, 2005 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING MAY 6, 2005 The Board of Governors of the Federal Reserve System is advised that the Federal Reserve Bank of New York has certified for customs purposes the following noon buying rates in New York City for cable transfers payable in foreign currencies: (Rates in currency units per U.S. dollar except as noted) MONETARY COUNTRY UNIT May. 2 May. 3 May. 4 May. 5 May. 6 *AUSTRALIA DOLLAR 0.7796 0.7737 0.7777 0.7810 0.7763 BRAZIL REAL 2.5147 2.5020 2.4750 2.4700 2.4668 CANADA DOLLAR 1.2552 1.2541 1.2502 1.2448 1.2429 CHINA, P.R. YUAN 8.2765 8.2765 8.2765 8.2765 8.2765 DENMARK KRONE 5.7872 5.7757 5.7527 5.7548 5.7995 *EMU MEMBERS EURO 1.2857 1.2889 1.2936 1.2936 1.2832 HONG KONG DOLLAR 7.7963 7.7952 7.7937 7.7915 7.7929 INDIA RUPEE 43.46 43.56 43.40 43.33 43.35 JAPAN YEN 105.07 105.16 104.77 104.41 104.93 MALAYSIA RINGGIT 3.8000 3.8000 3.8000 3.8000 3.8000 MEXICO PESO 11.027 11.026 10.986 10.948 10.946 *NEW ZEALAND DOLLAR 0.7295 0.7262 0.7318 0.7356 0.7325 NORWAY KRONE 6.3235 6.2982 6.2619 6.2635 6.3314 SINGAPORE DOLLAR 1.6374 1.6385 1.6365 1.6364 1.6412 SOUTH AFRICA RAND 6.0970 6.1020 6.0000 5.9600 6.0425 SOUTH KOREA WON 1001.00 1002.00 997.50 999.60 999.00 SRI LANKA RUPEE 99.500 99.760 99.790 99.850 99.850 SWEDEN KRONA 7.1580 7.1289 7.0900 7.0850 7.1411 SWITZERLAND FRANC 1.1980 1.1972 1.1927 1.1969 1.2058 TAIWAN DOLLAR 31.330 31.260 31.000 31.050 31.150 THAILAND BAHT 39.500 39.520 39.480 39.420 39.440 *UNITED KINGDOM POUND 1.8959 1.8910 1.9000 1.9048 1.8920 VENEZUELA BOLIVAR 2144.60 2144.60 2144.60 2144.60 2144.60 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 109.89 109.84 109.50 109.32 109.60 2)MAJOR CURRENCY MAR73=100 82.49 82.44 82.14 81.95 82.32 3)OITP JAN97=100 138.91 138.88 138.52 138.41 138.45 This release is available online at http://www.federalreserve.gov/releases/H10. For more information on exchange rate indexes for the U.S. dollar, see "New Summary Measures of the Foreign Exchange Value of the Dollar," Federal Reserve Bulletin, vol. 84 (October 1998), pp. 811-18 (http://www.federalreserve.gov/pubs/bulletin/). 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 dollar indexes took effect in early February 2005, and is reflected in the February 7, 2005 release of this weekly report. The source for exchange rates not listed in the table above but used in the calculation of the broad and OITP indexes is Reuters Limited. * 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. The euro is reported in place of the individual euro-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 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.