|
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
|
|
|
2003 |
|
|
2004 |
|
|
2005 |
|
|
2006 |
|
|
2007 |
|
|
|
|
Period end
|
|
|
1.57 |
|
|
1.84 |
|
|
1.89 |
|
|
1.74 |
|
|
1.97 |
|
|
Averagea
|
|
|
1.55 |
|
|
1.71 |
|
|
1.85 |
|
|
1.78 |
|
|
1.91 |
|
|
High
|
|
|
1.65 |
|
|
1.90 |
|
|
1.95 |
|
|
1.92 |
|
|
1.99 |
|
|
Low
|
|
|
1.43 |
|
|
1.55 |
|
|
1.75 |
|
|
1.71 |
|
|
1.74 |
|
|
|
| a |
The average of the Noon
Buying Rates in effect on the last day of each month during the
relevant period.
|
| |
|
Month |
|
| |
|
|
|
| |
|
|
November
2006 |
|
|
December
2006 |
|
|
January
2007 |
|
|
February
2007 |
|
|
March
2007 |
|
|
April
2007 |
|
|
|
|
High
|
|
|
1.9693 |
|
|
1.9794 |
|
|
1.9847 |
|
|
1.9699 |
|
|
1.9694 |
|
|
2.0061 |
|
|
Low
|
|
|
1.8883 |
|
|
1.9458 |
|
|
1.9305 |
|
|
1.9443 |
|
|
1.9235 |
|
|
1.9608 |
|
|
|
On 11 May 2007, the most
recent practicable date for this annual report, the Noon Buying Rate was
US$1.9824 to £1.00.
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