RBS 2004 Annual Report Download - page 215

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section
04
213
Annual Report and Accounts 2004
Additional information
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 2005 2004 2004 2004 2004 2004
Noon Buying Rate
High 1.9058 1.9482 1,9073 1.8404 1.8105 1.8459
Low 1.8647 1.9125 1,8323 1.7790 1.7733 1.7921
2004 2003 2002 2001 2000
Noon Buying Rate
Period end rate 1.9160 1.7842 1.6095 1.4543 1.4955
Average rate for the period (1) 1.8356 1.6450 1.5043 1.4396 1.5204
Consolidation rate (2)
Period end rate 1.9346 1.7857 1.6128 1.4498 1.4925
Average rate for the period 1.8325 1.6354 1.5032 1.4401 1.5160
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 22 February 2005, the Noon Buying Rate was £1.00 = $1.9092.