H.10(512) May 15, 2006 FOREIGN EXCHANGE RATES FOR THE WEEK ENDING MAY 12, 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. 8 May. 9 May. 10 May. 11 May. 12 *AUSTRALIA DOLLAR 0.7697 0.7724 0.7763 0.7781 0.7728 BRAZIL REAL 2.0605 2.0600 2.0555 2.0925 2.1340 CANADA DOLLAR 1.1116 1.1022 1.1005 1.0989 1.1085 CHINA, P.R. YUAN 8.0070 8.0042 8.0032 8.0038 8.0056 DENMARK KRONE 5.8626 5.8484 5.8251 5.8024 5.7841 *EMU MEMBERS EURO 1.2720 1.2747 1.2799 1.2855 1.2888 HONG KONG DOLLAR 7.7510 7.7517 7.7517 7.7526 7.7532 INDIA RUPEE 44.82 44.84 44.84 44.88 44.89 JAPAN YEN 111.55 111.31 110.55 110.26 110.49 MALAYSIA RINGGIT 3.5920 3.5880 3.5800 3.5800 3.5825 MEXICO PESO 10.946 10.933 10.841 10.865 11.053 *NEW ZEALAND DOLLAR 0.6329 0.6280 0.6277 0.6316 0.6291 NORWAY KRONE 6.1249 6.1129 6.0712 6.0266 6.0142 SINGAPORE DOLLAR 1.5674 1.5673 1.5632 1.5630 1.5686 SOUTH AFRICA RAND 6.0575 6.0420 6.0440 6.0425 6.2375 SOUTH KOREA WON 927.40 931.60 928.80 935.20 932.77 SRI LANKA RUPEE 102.840 102.880 102.740 102.650 102.650 SWEDEN KRONA 7.3210 7.3002 7.2867 7.2857 7.2632 SWITZERLAND FRANC 1.2276 1.2223 1.2186 1.2106 1.2020 TAIWAN DOLLAR 31.320 31.490 31.280 31.450 31.350 THAILAND BAHT 37.510 37.580 37.590 37.630 37.900 *UNITED KINGDOM POUND 1.8584 1.8632 1.8648 1.8842 1.8911 VENEZUELA BOLIVAR 2144.60 2144.60 2144.60 2144.60 2144.60 MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 107.08 106.85 106.51 106.43 106.77 2)MAJOR CURRENCY MAR73=100 80.93 80.59 80.31 80.02 80.16 3)OITP JAN97=100 134.28 134.31 133.92 134.24 134.89 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 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.