RBS 2007 Annual Report Download - page 232

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RBS Group • Annual Report and Accounts 2007
230
Additional information continued
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 2008 2007 2007 2007 2007 2007
Noon Buying Rate
High 1.9895 2.0658 2.1104 2.0777 2.0389 2.0426
Low 1.9515 1.9774 2.0478 2.0279 1.9920 1.9813
2007 2006 2005 2004 2003
Noon Buying Rate
Period end rate 1.9843 1.9586 1.7188 1.9160 1.7842
Average rate for the period (1) 2.0073 1.8582 1.8147 1.8356 1.6450
Consolidation rate (2)
Period end rate 2.0043 1.9651 1.7214 1.9346 1.7857
Average rate for the period 2.0015 1.8436 1.8198 1.8325 1.6354
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 US dollars into sterling in the preparation of its financial statements.
(3) On 26 February 2008, the Noon Buying Rate was £1.00 = US$1.9747.