G.5(405)                                                           June 1, 2010



 FOREIGN EXCHANGE RATES

 THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN MAY 2010 TOGETHER
 WITH COMPARABLE FIGURES FOR OTHER MONTHS. AVERAGES ARE BASED ON DAILY NOON BUYING
 RATES FOR CABLE TRANSFERS IN NEW YORK CITY CERTIFIED FOR CUSTOMS PURPOSES BY
 THE FEDERAL RESERVE BANK OF NEW YORK.


                                (Currency units per U.S. dollar except as noted)


                   MONETARY       2010         2010         2010         2009
   COUNTRY           UNIT          May         April        March         May

 *AUSTRALIA        DOLLAR          0.8713       0.9262       0.9123       0.7648
  BRAZIL           REAL            1.8142       1.7568       1.7855       2.0689
  CANADA           DOLLAR          1.0403       1.0052       1.0229       1.1528
  CHINA, P.R.      YUAN            6.8275       6.8256       6.8262       6.8235
  DENMARK          KRONE           5.9253       5.5472       5.4837       5.4585
 *EMU MEMBERS      EURO            1.2563       1.3417       1.3570       1.3646
  HONG KONG        DOLLAR          7.7856       7.7627       7.7612       7.7510
  INDIA            RUPEE          45.7690      44.4440      45.4509      48.5100
  JAPAN            YEN            91.9730      93.4527      90.7161      96.6445
  MALAYSIA         RINGGIT         3.2509       3.2044       3.3205       3.5218
  MEXICO           PESO           12.7262      12.2396      12.5673      13.1895
 *NEW ZEALAND      DOLLAR          0.6984       0.7122       0.7036       0.6014
  NORWAY           KRONE           6.2872       5.9169       5.9204       6.4504
  SINGAPORE        DOLLAR          1.3940       1.3817       1.3994       1.4611
  SOUTH AFRICA     RAND            7.6515       7.3444       7.4057       8.3741
  SOUTH KOREA      WON          1164.8410    1115.4591    1136.0822    1254.3450
  SRI LANKA        RUPEE         113.7025     113.8286     114.1039     116.6720
  SWEDEN           KRONA           7.7042       7.2026       7.1630       7.7602
  SWITZERLAND      FRANC           1.1295       1.0690       1.0666       1.1076
  TAIWAN           DOLLAR         31.8345      31.4767      31.8291      32.8695
  THAILAND         BAHT           32.3650      32.2686      32.4913      34.6240
 *UNITED KINGDOM   POUND           1.4669       1.5332       1.5058       1.5418
  VENEZUELA        BOLIVAR         4.2893       4.2893       4.2893       2.1446

  MEMO:
  UNITED STATES    DOLLAR
1)BROAD            JAN97=100     104.5801     101.6570     102.1247     106.4337
2)MAJOR CURRENCY   MAR73=100      78.4374      75.3459      75.1806      79.0655
3)OITP             JAN97=100     132.0272     129.7880     131.2270     135.6002


 This release is available online at http://www.federalreserve.gov/releases/G5.

 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 to the trade weights and the dollar indexes took effect
 with the May 2009 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.

 *  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.

 For information about your subscription to this release or about receiving it in document form,
 please call publication services at Federal Reserve Board at (202) 452-3244.

 The euro is reported in place of the individual eure-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
                =  .585274  CYPRUS POUND
                =  5.94573  FINNISH MARKKAS
                =  6.55957  FRENCH FRANCS
                =  1.95583  GERMAN MARKS
                =  340.750  GREEK DRACHMAS
                =  .787564  IRISH POUNDS
                =  1936.27  ITALIAN LIRE
                =  40.3399  LUXEMBOURG FRANCS
                =  .429300  MALTESE LIRA
                =  2.20371  NETHERLANDS GUILDERS
                =  200.482  PORTUGUESE ESCUDOS
                =  166.386  SPANISH PESETAS
                =  30.1260  SLOVAKIAN KORUNA
                =  239.640  SLOVENIAN TOLAR

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