H.

10(512) 22, 2006 Note:

May

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 19, 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 YEN

COUNTRY May. 19 *AUSTRALIA 0.7569 BRAZIL 2.2000 CANADA 1.1232 CHINA, P.R. 8.0175 DENMARK 5.8473 *EMU MEMBERS 1.2750 HONG KONG 7.7554 INDIA 45.35 JAPAN

May. 15 0.7627 2.1680 1.1142 8.0030 5.8118 1.2826 7.7531 45.37 110.21

May. 16 0.7656 2.1446 1.1112 8.0005 5.8171 1.2817 7.7531 45.05 110.07

May. 17 0.7594 2.1870 1.1116 8.0020 5.8588 1.2722 7.7534 44.69 110.60

May. 18 0.7652 2.2045 1.1209 8.0095 5.8242 1.2795 7.7541 45.26 110.89

111.76 MALAYSIA 3.6100 MEXICO 11.186 *NEW ZEALAND 0.6218 NORWAY 6.1073 SINGAPORE 1.5818 SOUTH AFRICA 6.5300 SOUTH KOREA 946.00 SRI LANKA 102.880 SWEDEN 7.3264 SWITZERLAND 1.2182 TAIWAN 31.890 THAILAND 38.180 *UNITED KINGDOM 1.8755 VENEZUELA 2144.60

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

3.6100 11.147 0.6226 6.0672 1.5825 6.4015 943.20 102.800 7.3148 1.2087 31.590 38.240 1.8836 2144.60

3.6000 11.054 0.6241 6.1125 1.5772 6.3750 944.80 102.800 7.3308 1.2118 31.750 38.020 1.8819 2144.60

3.5750 11.153 0.6187 6.1402 1.5753 6.4100 936.80 102.850 7.3748 1.2178 31.530 38.070 1.8820 2144.00

3.6040 11.224 0.6233 6.1034 1.5783 6.4700 946.50 102.860 7.3134 1.2123 31.840 38.100 1.8878 2144.60

MEMO: UNITED STATES DOLLAR 1)BROAD JAN97=100 107.91 2)MAJOR CURRENCY MAR73=100 81.10 3)OITP JAN97=100 136.18

107.29 80.46 135.72

107.13 80.40 135.41

107.40 80.73 135.53

107.66 80.75 136.17

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

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.