H.10(512)                                                                 January 3, 2006



 FOREIGN EXCHANGE RATES

 FOR THE WEEK ENDING DECEMBER 30, 2005

 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       Dec. 26      Dec. 27      Dec. 28      Dec. 29      Dec. 30

 *AUSTRALIA      DOLLAR                      0.7261       0.7301       0.7320       0.7342
  BRAZIL         REAL            H           2.3640       2.3500       2.3297       2.3340
  CANADA         DOLLAR                      1.1736       1.1636       1.1642       1.1656
  CHINA, P.R.    YUAN                        8.0724       8.0725       8.0709       8.0702
  DENMARK        KRONE           O           6.2919       6.2822       6.2982       6.2985
 *EMU MEMBERS    EURO                        1.1856       1.1875       1.1846       1.1842
  HONG KONG      DOLLAR                      7.7528       7.7525       7.7531       7.7533
  INDIA          RUPEE           L          45.17        45.06        45.11        44.95
  JAPAN          YEN                       117.07       117.62       117.86       117.88
  MALAYSIA       RINGGIT                     3.7795       3.7795       3.7800       3.7790
  MEXICO         PESO            I          10.736       10.773       10.696       10.628
 *NEW ZEALAND    DOLLAR                      0.6748       0.6823       0.6820       0.6845
  NORWAY         KRONE                       6.7583       6.7753       6.7691       6.7444
  SINGAPORE      DOLLAR          D           1.6670       1.6655       1.6646       1.6628
  SOUTH AFRICA   RAND                        6.3450       6.3500       6.3205       6.3300
  SOUTH KOREA    WON                      1012.20      1013.05      1009.00      1010.00
  SRI LANKA      RUPEE           A         102.080      102.100      102.080      102.080
  SWEDEN         KRONA                       7.9710       7.9226       7.9501       7.9370
  SWITZERLAND    FRANC                       1.3142       1.3129       1.3143       1.3148
  TAIWAN         DOLLAR          Y          33.090       33.060       32.900       32.800
  THAILAND       BAHT                       40.930       40.920       41.010       40.990
 *UNITED KINGDOM POUND                       1.7308       1.7226       1.7261       1.7188
  VENEZUELA      BOLIVAR                  2144.60      2144.60      2144.60      2144.60

  MEMO:
  UNITED STATES   DOLLAR
1)BROAD          JAN97=100                 112.04       111.92       111.86       111.84
2)MAJOR CURRENCY MAR73=100                  86.05        85.87        85.97        86.04
3)OITP           JAN97=100                 137.98       138.00       137.66       137.46


 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 "New Summary Measures
 of the Foreign Exchange Value of the Dollar," Federal Reserve Bulletin, vol. 84 (October 1998),
 pp. 811-18 (http://www.federalreserve.gov/pubs/bulletin/). 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  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

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 please call publication services at Federal Reserve Board at (202) 452-3244.