|
Exchange
rates
BT publishes its consolidated financial
statements expressed in pounds sterling. The following tables detail certain
information concerning the exchange rates between pounds sterling and US
dollars based on the noon buying rate in New York City for cable transfers in
pounds sterling as certified for customs purposes by the Federal Reserve Bank
of New York (the Noon Buying Rate).
|
Years ended 31 March |
2000 |
|
2001 |
|
2002 |
|
2003 |
|
2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Period end |
1.59 |
|
1.42 |
|
1.43 |
|
1.57 |
|
1.84 |
|
|
Averagea |
1.61 |
|
1.47 |
|
1.43 |
|
1.55 |
|
1.71 |
|
|
High |
1.68 |
|
1.60 |
|
1.48 |
|
1.65 |
|
1.90 |
|
|
Low |
1.55 |
|
1.40 |
|
1.37 |
|
1.43 |
|
1.55 |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
Month |
|
|
|
|
|
November |
|
December |
|
January |
|
February |
|
March |
|
April |
|
| 2003 |
2003 |
2004 |
2004 |
2004 |
2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| High |
1.72 |
|
1.78 |
|
1.85 |
|
1.90 |
|
1.87 |
|
1.86 |
|
| Low |
1.67 |
|
1.72 |
|
1.79 |
|
1.82 |
|
1.79 |
|
1.77 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| a |
The average of the Noon
Buying Rates in effect on the last day of each month during the relevant
period. |
|
On 14 May 2004, the most recent practicable date for this annual report, the
Noon Buying Rate was US$1.7572 to £1.00. |
