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EXCHANGE
RATES
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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).
Year
ended 31 March |
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2002 |
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2003 |
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2004 |
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2005 |
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2006 |
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Period
end |
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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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1.74 |
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Averagea |
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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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1.78 |
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High |
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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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1.92 |
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Low |
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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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1.71 |
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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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Month |
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November |
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December |
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January |
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February |
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March |
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April |
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2005 |
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2005 |
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2006 |
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2006 |
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2006 |
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2006 |
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High |
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1.78 |
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1.77 |
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1.79 |
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1.78 |
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1.76 |
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1.80 |
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Low |
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1.71 |
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1.72 |
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1.74 |
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1.73 |
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1.73 |
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1.74 |
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On 12 May 2006, the most recent practicable date for this annual report, the Noon Buying Rate was US$1.89 to £1.00.
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