H.

10(512) 8, 2006

May

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 UNIT DOLLAR REAL DOLLAR YUAN KRONE EURO DOLLAR RUPEE

COUNTRY May. 5 *AUSTRALIA 0.7707 BRAZIL 2.0549 CANADA 1.1071 CHINA, P.R. 8.0114 DENMARK 5.8550 *EMU MEMBERS 1.2733 HONG KONG 7.7518 INDIA

May. 1 0.7607 2.0785 1.1130 8.0165 5.9140 1.2607 7.7527 44.77

May. 2 0.7631 2.0680 1.1069 8.0165 5.8973 1.2644 7.7536 44.82

May. 3 0.7711 2.0685 1.1072 8.0100 5.8993 1.2639 7.7526 44.81

May. 4 0.7726 2.0635 1.1066 8.0114 5.8786 1.2684 7.7521 44.81

44.85 JAPAN 112.45 MALAYSIA 3.6050 MEXICO 10.949 *NEW ZEALAND 0.6413 NORWAY 6.1182 SINGAPORE 1.5710 SOUTH AFRICA 6.0457 SOUTH KOREA 939.30 SRI LANKA 102.830 SWEDEN 7.3156 SWITZERLAND 1.2257 TAIWAN 31.600 THAILAND 37.620 *UNITED KINGDOM 1.8588 VENEZUELA 2144.60

YEN RINGGIT PESO DOLLAR KRONE DOLLAR RAND WON RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR

113.06 3.6255 11.053 0.6377 6.1642 1.5787 5.9985 942.70 102.810 7.3610 1.2386 31.900 37.400 1.8286 2144.60

113.26 3.6148 11.012 0.6410 6.1455 1.5780 6.0375 939.60 102.790 7.3929 1.2345 31.720 37.550 1.8397 2144.60

113.44 3.6080 10.964 0.6425 6.1265 1.5720 6.0470 934.00 102.800 7.3632 1.2351 31.570 37.690 1.8446 2144.60

113.46 3.6140 10.971 0.6427 6.1180 1.5764 6.0410 939.40 102.820 7.3434 1.2297 31.630 37.710 1.8485 2144.60

MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 107.19 2)MAJOR CURRENCY MAR73=100 80.92 3)OITP JAN97=100 134.60

107.87 81.59 135.15

107.62 81.35 134.93

107.51 81.35 134.65

107.45 81.20 134.75

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 40.3399 5.94573 6.55957 1.95583 .787564 1936.27 40.3399 2.20371 200.482 166.386 340.750 AUSTRIAN SCHILLINGS BELGIAN FRANCS FINNISH MARKKAS FRENCH FRANCS GERMAN MARKS IRISH POUNDS ITALIAN LIRE LUXEMBOURG FRANCS NETHERLANDS GUILDERS PORTUGUESE ESCUDOS SPANISH PESETAS GREEK DRACHMAS

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