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H.10 DAILY UPDATE: WEB RELEASE ONLY                               For immediate release
 FOREIGN EXCHANGE RATES                                            November 5, 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       Nov. 3       Nov. 4       Nov. 5       Nov. 6       Nov. 7

 *AUSTRALIA      DOLLAR         0.6823       0.7005       0.6972
  BRAZIL         REAL           2.1736       2.0995       2.1210
  CANADA         DOLLAR         1.1866       1.1502       1.1590
  CHINA, P.R.    YUAN           6.8373       6.8360       6.8285
  DENMARK        KRONE          5.8520       5.7144       5.7074
 *EMU MEMBERS    EURO           1.2719       1.3021       1.3039
  HONG KONG      DOLLAR         7.7497       7.7499       7.7497
  INDIA          RUPEE         48.6100      47.2500      47.2800
  JAPAN          YEN           98.9500     100.4800      98.9500
  MALAYSIA       RINGGIT        3.5190       3.5327       3.5205
  MEXICO         PESO          12.7977      12.4705      12.6360
 *NEW ZEALAND    DOLLAR         0.5975       0.6125       0.6075
  NORWAY         KRONE          6.6857       6.5930       6.6858
  SINGAPORE      DOLLAR         1.4792       1.4720       1.4753
  SOUTH AFRICA   RAND           9.9250       9.6305       9.6784
  SOUTH KOREA    WON         1262.0000    1287.9000    1266.3000
  SRI LANKA      RUPEE        109.9500     110.0000     110.0000
  SWEDEN         KRONA          7.7400       7.5957       7.6839
  SWITZERLAND    FRANC          1.1681       1.1627       1.1606
  TAIWAN         DOLLAR        32.8600      32.8600      32.8200
  THAILAND       BAHT          34.9200      34.9000      34.9800
 *UNITED KINGDOM POUND          1.5855       1.6095       1.6156
  VENEZUELA      BOLIVAR        2.1446       2.1446       2.1446

  MEMO:
  UNITED STATES   DOLLAR
1)BROAD          JAN97=100    108.2186     106.8807     106.9332
2)MAJOR CURRENCY MAR73=100     82.0447      80.6299      80.5513
3)OITP           JAN97=100    135.5534     134.5449     134.8091


 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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