|
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
|
|
|
1999
|
|
2000
|
|
2001
|
|
2002
|
|
2003
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Period
end |
|
|
1.61
|
|
1.59
|
|
1.42
|
|
1.43
|
|
1.57
|
|
| Averagea |
|
|
1.65
|
|
1.61
|
|
1.47
|
|
1.43
|
|
1.55
|
|
| High |
|
|
1.72
|
|
1.68
|
|
1.60
|
|
1.48
|
|
1.65
|
|
| Low |
|
|
1.60
|
|
1.55
|
|
1.40
|
|
1.37
|
|
1.43
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Month |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
November
|
|
December
|
|
January
|
|
February
|
|
March
|
|
April
|
|
|
|
2002
|
|
2002
|
|
2003
|
|
2003
|
|
2003
|
|
2003
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| High |
1.59
|
|
1.61
|
|
1.65
|
|
1.65
|
|
1.61
|
|
1.60
|
|
| Low |
1.54
|
|
1.56
|
|
1.60
|
|
1.57
|
|
1.56
|
|
1.55
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| a
The
average of the Noon Buying Rates in effect on the
last day of each month during the relevant period. |
On
16 May 2003, the most recent practicable date for this
annual report, the Noon Buying Rate was US$1.63 to £1.00.
|
