FRB: May 2008 Statistical Supplement--Foreign Exchange Rates and Indexes of the Foreign Exchange Value of the U.S. Dollar

Statistical Supplement | May 2008

Statistical Supplement to the Federal Reserve Bulletin, May 2008

3.28 Foreign Exchange Rates and Indexes of the Foreign Exchange Value of the U.S. Dollar¹
Currency units per U.S. dollar except as noted
Item		2005	2006	2007	2007			2008
Item		2005	2006	2007	Oct	Nov	Dec	Jan	Feb	Mar
		Exchange rates
Country/Currency Unit
1	Australia/dollar²	0.7627	0.7535	0.8391	0.8996	0.8961	0.8719	0.8823	0.9133	0.9221
2	Brazil/real	2.4352	2.1738	1.9461	1.7987	1.7669	1.7852	1.7710	1.7290	1.7090
3	Canada/dollar	1.2115	1.1340	1.0734	0.9754	0.9672	1.0021	1.0099	0.9986	1.0029
4	China, P.R./yuan	8.1936	7.9723	7.6058	7.5019	7.4210	7.3682	7.2405	7.1644	7.0722
5	Denmark/krone	5.9953	5.9422	5.4413	5.2363	5.0766	5.1235	5.0575	5.0507	4.8043
6	European Monetary Union/euro³	1.2449	1.2563	1.3711	1.4233	1.4683	1.4559	1.4728	1.4759	1.5520
7	Hong Kong/dollar	7.7775	7.7681	7.8016	7.7545	7.7774	7.7983	7.8044	7.7963	7.7813
8	India/rupee	44.00	45.19	41.18	39.37	39.33	39.38	39.27	39.67	40.15
9	Japan/yen	110.11	116.31	117.76	115.87	111.07	112.45	107.82	107.03	100.76
10	Malaysia/ringgit	3.7869	3.6661	3.4354	3.3735	3.3588	3.3324	3.2653	3.2216	3.1841
11	Mexico/peso	10.894	10.906	10.928	10.821	10.881	10.846	10.906	10.768	10.733
12	New Zealand/dollar²	0.7049	0.6492	0.7365	0.7603	0.7631	0.7690	0.7740	0.7969	0.8004
13	Norway/krone	6.4412	6.4095	5.8557	5.4023	5.4156	5.5000	5.3993	5.3851	5.1495
14	Singapore/dollar	1.6639	1.5882	1.5065	1.4650	1.4466	1.4487	1.4299	1.4106	1.3843
15	South Africa/rand	6.3606	6.7668	7.0477	6.7574	6.7049	6.8376	6.9962	7.6578	7.9921
16	South Korea/won	1,023.75	954.32	928.97	914.94	918.81	931.10	942.06	944.01	981.73
17	Sri Lanka/rupee	100.383	103.940	110.620	112.858	110.418	108.891	108.156	107.827	107.684
18	Sweden/krona	7.4710	7.3718	6.7550	6.4439	6.3242	6.4764	6.3978	6.3450	6.0613
19	Switzerland/franc	1.2459	1.2532	1.1999	1.1741	1.1233	1.1402	1.1006	1.0890	1.0126
20	Taiwan/dollar	32.131	32.507	32.852	32.550	32.328	32.412	32.359	31.616	30.577
21	Thailand/baht	40.252	37.876	32.203	31.525	31.348	30.158	30.305	31.174	31.404
22	United Kingdom/pound²	1.8204	1.8434	2.0020	2.0449	2.0701	2.0161	1.9702	1.9646	2.0015
23	Venezuela/bolivar	2.11	2.14	2.14	2.14	2.14	2.14	2.14	2.14	2.14
		Indexes⁴
Nominal
24	Broad (January 1997=100)⁵	110.71	108.52	103.40	99.80	98.37	99.27	98.48	97.67	95.77
25	Major currencies (March 1973=100)⁶	83.71	82.46	77.84	73.93	72.20	73.69	73.06	72.57	70.32
26	Other important trading partners (January 1997=100)⁷	138.89	135.38	130.28	127.98	127.40	126.99	126.08	124.83	123.96

Real
27	Broad (March 1973=100)⁵	97.57^r	96.42^r	91.89^r	88.43^r	87.12^r	87.67^r	87.13^r	85.86^r	84.83
28	Major currencies (March 1973=100)⁶	90.62^r	90.55^r	86.41^r	82.27^r	80.48^r	81.90^r	81.47^r	81.00^r	78.99
29	Other important trading partners (March 1973=100)⁷	115.84^r	113.11^r	107.65^r	104.79^r	104.02^r	103.41^r	102.69^r	100.23^r	100.41

1. Averages of certified noon buying rates in New York for cable transfers. Data in this table also appear in the Board's G.5 (405) monthly statistical release. Return to table

2. U.S. dollars per currency unit. Return to table

3. The euro is reported in place of the individual euro area currencies. By convention, the rate is reported in U.S. dollars per euro. Return to table

4. Starting with the January 2004 Statistical Supplement to the Federal Reserve Bulletin, revised index values resulting from the periodic revision of data that underlie the calculated trade weights are reported. For more information on the indexes of the foreign exchange value of the dollar, see Federal Reserve Bulletin, vol. 91 (Winter 2005), pp. 1-8. Return to table

5. Weighted average of the foreign exchange value of the U.S. dollar against the currencies of a broad group of U.S. trading partners. The weight for each currency is computed as an average of U.S. bilateral import shares from and export shares to the issuing country and of a measure of the importance to U.S. exporters of that country's trade in third country markets. The source for exchange rates not listed in the table above but used in the calculation of this index is Bloomberg LLP. Return to table

6. Weighted average of the foreign exchange value of the U.S. dollar against a subset of broad index currencies that circulate widely outside the country of issue. The weight for each currency is its broad index weight scaled so that the weights of the subset of currencies in the index sum to one. Return to table

7. Weighted average of the foreign exchange value of the U.S. dollar against a subset of broad index currencies that do not circulate widely outside the country of issue. The weight for each currency is its broad index weight scaled so that the weights of the subset of currencies in the index sum to one. The source for exchange rates not listed in the table above but used in the calculation of this index is Bloomberg LLP. Return to table

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Last update: July 2, 2008