G.

5(405)

July 2, 2007

FOREIGN EXCHANGE RATES THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN JUNE 2007 TOGETHER WITH COMPARABLE FIGURES FOR OTHER MONTHS. AVERAGES ARE BASED ON DAILY NOON BUYING RATES FOR CABLE TRANSFERS IN NEW YORK CITY CERTIFIED FOR CUSTOMS PURPOSES BY THE FEDERAL RESERVE BANK OF NEW YORK. (Currency units per U.S. dollar except as noted) MONETARY UNIT DOLLAR REAL DOLLAR YUAN KRONE EURO DOLLAR RUPEE YEN RINGGIT PESO DOLLAR KRONE DOLLAR RAND WON RUPEE KRONA FRANC DOLLAR BAHT POUND BOLIVAR DOLLAR JAN97=100 MAR73=100 JAN97=100 2007 June 0.8423 1.9323 1.0651 7.6333 5.5463 1.3421 7.8142 40.59 122.69 3.4444 10.833 0.7570 5.9980 1.5367 7.1515 927.87 110.966 6.9485 1.2330 32.974 32.318 1.9867 2144.60 2007 May 0.8254 1.9836 1.0951 7.6773 5.5120 1.3518 7.8187 40.57 120.77 3.4002 10.822 0.7334 6.0220 1.5231 7.0148 927.56 110.800 6.8094 1.2211 33.278 32.818 1.9842 2144.60 2007 April 0.8273 2.0302 1.1350 7.7247 5.5155 1.3513 7.8154 42.02 118.93 3.4364 10.980 0.7345 6.0098 1.5150 7.1026 930.69 109.360 6.8371 1.2124 33.145 32.421 1.9879 2144.60 2006 June 0.7399 2.2493 1.1137 8.0042 5.8897 1.2661 7.7636 45.89 114.63 3.6638 11.393 0.6190 6.2070 1.5912 6.9738 954.45 103.525 7.2949 1.2321 32.440 38.349 1.8435 2144.60

COUNTRY *AUSTRALIA BRAZIL CANADA CHINA, P.R. DENMARK *EMU MEMBERS HONG KONG INDIA JAPAN MALAYSIA MEXICO *NEW ZEALAND NORWAY SINGAPORE SOUTH AFRICA SOUTH KOREA SRI LANKA SWEDEN SWITZERLAND TAIWAN THAILAND *UNITED KINGDOM VENEZUELA MEMO: UNITED STATES 1)BROAD 2)MAJOR CURRENCY 3)OITP

104.12 78.93 130.23

104.40 79.20 130.48

105.30 79.87 131.64

108.62 81.51 137.35

This release is available online at http://www.federalreserve.gov/releases/G5. 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 the dollar indexes took effect with the January 2007 release of this 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. 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. The euro is reported in place of the individual eure-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 200.482 166.386 340.750 239.640 AUSTRIAN SCHILLINGS BELGIAN FRANCS FINNISH MARKKAS FRENCH FRANCS GERMAN MARKS IRISH POUNDS ITALIAN LIRE LUXEMBOURG FRANCS NETHERLANDS GUILDERS PORTUGUESE ESCUDOS SPANISH PESETAS GREEK DRACHMAS SLOVENIAN TOLAR