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H.10 DAILY UPDATE: WEB RELEASE ONLY                               For immediate release
 FOREIGN EXCHANGE RATES                                            October 17, 2008

 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       Oct. 13      Oct. 14      Oct. 15      Oct. 16      Oct. 17

 *AUSTRALIA      DOLLAR                      0.7054       0.6833       0.6708       0.6907
  BRAZIL         REAL            H           2.0855       2.1650       2.1925       2.1200
  CANADA         DOLLAR                      1.1599       1.1804       1.1953       1.1820
  CHINA, P.R.    YUAN                        6.8339       6.8350       6.8332       6.8332
  DENMARK        KRONE           O           5.4550       5.4919       5.5542       5.5375
 *EMU MEMBERS    EURO                        1.3658       1.3567       1.3416       1.3462
  HONG KONG      DOLLAR                      7.7599       7.7573       7.7571       7.7554
  INDIA          RUPEE           L          47.9300      48.5300      48.8800      48.8800
  JAPAN          YEN                       102.1700     101.4700     100.4600     101.4000
  MALAYSIA       RINGGIT                     3.4970       3.5139       3.5200       3.5280
  MEXICO         PESO            I          12.4251      12.7240      13.1100      12.8303
 *NEW ZEALAND    DOLLAR                      0.6247       0.6184       0.6102       0.6153
  NORWAY         KRONE                       6.2477       6.3717       6.5835       6.5144
  SINGAPORE      DOLLAR          D           1.4620       1.4703       1.4815       1.4792
  SOUTH AFRICA   RAND                        8.9850       9.4950      10.2780      10.0775
  SOUTH KOREA    WON                      1207.2500    1237.5000    1369.5000    1333.3000
  SRI LANKA      RUPEE           A         108.0200     107.9500     108.0000     107.9800
  SWEDEN         KRONA                       7.1399       7.3410       7.4486       7.3980
  SWITZERLAND    FRANC                       1.1347       1.1346       1.1332       1.1339
  TAIWAN         DOLLAR          Y          32.4000      32.3800      32.5500      32.5700
  THAILAND       BAHT                       34.0000      34.0800      34.2100      34.2300
 *UNITED KINGDOM POUND                       1.7482       1.7432       1.7243       1.7307
  VENEZUELA      BOLIVAR                     2.1446       2.1446       2.1446       2.1446

  MEMO:
  UNITED STATES   DOLLAR
1)BROAD          JAN97=100                 105.1698     106.1226     107.3542     106.7067
2)MAJOR CURRENCY MAR73=100                  79.0128      79.6513      80.2570      79.9299
3)OITP           JAN97=100                 132.9398     134.2748     136.3742     135.2846


 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 of the currency weights and dollar indexes took effect
 with the January 2, 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 L.P.

 *  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
                =  239.640  SLOVENIAN TOLAR

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