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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).
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Years
ended 31 March
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2001 |
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2002 |
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2003 |
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2004 |
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2005 |
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Period
end
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1.42 |
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1.43 |
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1.57 |
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1.84 |
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1.89 |
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Averagea
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1.47 |
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1.43 |
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1.55 |
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1.71 |
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1.85 |
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High
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1.60 |
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1.48 |
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1.65 |
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1.90 |
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1.95 |
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Low
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1.40 |
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1.37 |
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1.43 |
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1.55 |
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1.75 |
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Month |
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November
2004 |
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December
2004 |
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January
2005 |
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February
2005 |
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March
2005 |
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April
2005 |
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High
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1.91 |
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1.95 |
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1.91 |
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1.92 |
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1.93 |
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1.92 |
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Low
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1.83 |
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1.91 |
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1.86 |
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1.86 |
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1.87 |
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1.87 |
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| a |
The
average of the Noon Buying Rates in effect on the last day
of each month during the relevant period.
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On 13 May 2005, the most recent practicable date for this annual
report, the Noon Buying Rate was US$1.85 to £1.00.
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