H.10(512)                                                                     May 8, 2006



Note:  

The Federal Reserve Board on Monday announced that it will cease publication of the weekly
H.10 statistical release on Monday, May 22. 

All data contained in the weekly H.10 release, which shows daily foreign exchange rates for
the previous week, is already available in the Board's H.10 daily update available online at
www.federalreserve.gov/releases/h10/update/. 





 FOREIGN EXCHANGE RATES

 FOR THE WEEK ENDING MAY 5, 2006

 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. 1       May. 2       May. 3       May. 4       May. 5

 *AUSTRALIA      DOLLAR         0.7607       0.7631       0.7711       0.7726       0.7707
  BRAZIL         REAL           2.0785       2.0680       2.0685       2.0635       2.0549
  CANADA         DOLLAR         1.1130       1.1069       1.1072       1.1066       1.1071
  CHINA, P.R.    YUAN           8.0165       8.0165       8.0100       8.0114       8.0114
  DENMARK        KRONE          5.9140       5.8973       5.8993       5.8786       5.8550
 *EMU MEMBERS    EURO           1.2607       1.2644       1.2639       1.2684       1.2733
  HONG KONG      DOLLAR         7.7527       7.7536       7.7526       7.7521       7.7518
  INDIA          RUPEE         44.77        44.82        44.81        44.81        44.85
  JAPAN          YEN          113.06       113.26       113.44       113.46       112.45
  MALAYSIA       RINGGIT        3.6255       3.6148       3.6080       3.6140       3.6050
  MEXICO         PESO          11.053       11.012       10.964       10.971       10.949
 *NEW ZEALAND    DOLLAR         0.6377       0.6410       0.6425       0.6427       0.6413
  NORWAY         KRONE          6.1642       6.1455       6.1265       6.1180       6.1182
  SINGAPORE      DOLLAR         1.5787       1.5780       1.5720       1.5764       1.5710
  SOUTH AFRICA   RAND           5.9985       6.0375       6.0470       6.0410       6.0457
  SOUTH KOREA    WON          942.70       939.60       934.00       939.40       939.30
  SRI LANKA      RUPEE        102.810      102.790      102.800      102.820      102.830
  SWEDEN         KRONA          7.3610       7.3929       7.3632       7.3434       7.3156
  SWITZERLAND    FRANC          1.2386       1.2345       1.2351       1.2297       1.2257
  TAIWAN         DOLLAR        31.900       31.720       31.570       31.630       31.600
  THAILAND       BAHT          37.400       37.550       37.690       37.710       37.620
 *UNITED KINGDOM POUND          1.8286       1.8397       1.8446       1.8485       1.8588
  VENEZUELA      BOLIVAR     2144.60      2144.60      2144.60      2144.60      2144.60

  MEMO:
  UNITED STATES   DOLLAR
1)BROAD          JAN97=100    107.87       107.62       107.51       107.45       107.19
2)MAJOR CURRENCY MAR73=100     81.59        81.35        81.35        81.20        80.92
3)OITP           JAN97=100    135.15       134.93       134.65       134.75       134.60


 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 "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 dollar indexes took effect
 in early December 2005, and is reflected in the December 19, 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 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.

 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

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 please call publication services at Federal Reserve Board at (202) 452-3244.

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