RBS 2003 Annual Report Download - page 213

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Annual Report and Accounts 2003
211
Additional information
Exchange rates
Except as stated, the following tables show, for the dates or periods indicated, the Noon Buying Rate in New York for cable transfers
in sterling as certified for customs’ purposes by the Federal Reserve Bank of New York (the “Noon Buying Rate”):
January December November October September August
US dollars per £1 2004 2003 2003 2003 2003 2003
Noon Buying Rate
High 1.8511 1.7842 1.7219 1.7025 1.6642 1.6170
Low 1.7902 1.7200 1.6693 1.6598 1.5732 1.5728
3 months ended Year ended
Year ended 31 December 31 December 30 September
2003 2002 2001 2000 1999 1999
Noon Buying Rate
Period end rate 1.7842 1.6095 1.4543 1.4955 1.6150 1.6457
Average rate for the period (1) 1.6450 1.5043 1.4396 1.5204 1.6295 1.6286
Consolidation rate (2)
Period end rate 1.7857 1.6128 1.4498 1.4925 1.6168 1.6465
Average rate for the period 1.6354 1.5032 1.4401 1.5160 1.6308 1.6297
Notes:
(1) The average of the Noon Buying Rates on the last business day of each month during the period.
(2) The rates used by the Group for translating dollars into sterling in the preparation of its financial statements.
(3) On 17 February 2004, the Noon Buying Rate was £1.00 = $1.9045.