This from the US Federal Reserve shows the dramatic shift in values of world currencies that has occurred.  Much of the shift has occurred in 2007.  The biggest shifts are those with high levels of outsourcing , eg Canada, and India.  Those costs will be much higher for Banks with those outsourcing arrangements outsourinng as a result.

FRB: G.5 Release–Foreign Exchange Rates–November 1, 2007

THE TABLE BELOW SHOWS THE AVERAGE RATES OF EXCHANGE IN OCTOBER 2007 TOGETHER WITH COMPARABLE FIGURES FOR OTHER MONTHS.

Numbers represent cost of $1 US in local currency
	Oct 07	‘Sep 07	Aug 07	Oct 06	%change
*AUSTRALIA DOLLAR	0.9	0.85	0.83	0.75	19%
BRAZIL REAL	1.8	1.9	1.96	2.15	-16%
CANADA DOLLAR	0.98	1.03	1.06	1.13	-14%
CHINA P.R. YUAN	7.5	7.52	7.57	7.9	-5%
DENMARK KRONE	5.24	5.36	5.46	5.91	-11%
*EMU MEMBERS EURO	1.42	1.39	1.36	1.26	13%
HONG KONG DOLLAR	7.75	7.78	7.82	7.78	-0%
INDIA RUPEE	39.37	40.17	40.68	45.36	-13%
JAPAN YEN	115.87	115.04	116.73	118.61	-2%
MEXICO PESO	10.82	11.03	11.04	10.89	-1%
*NEW ZEALAND DOLLAR	0.76	0.72	0.73	0.66	15%
SOUTH KOREA WON	914.94	928.6	934.48	952.64	-4%
SRI LANKA RUPEE	112.86	113.34	112.18	105.72	7%
SWITZERLAND FRANC	1.17	1.19	1.2	1.26	-7%
TAIWAN DOLLAR	32.55	33.01	32.96	33.19	-2%
THAILAND BAHT	31.53	32.06	31.8	37.28	-15%
*UNITED KINGDOM POUND	2.04	2.02	2.01	1.88	9%

Technorati Tags: US+dollar, currency+value+shifts