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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 TOLARRelease dates | Daily update | Dollar indexes, summary measures