Ryanair 2016 Annual Report Download - page 52

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52
U.K. pounds sterling per U.S.$1.00(d)
End of
Average
Year ended December 31,
Period
(b)
Low
High
2011
0.645
0.624
—
—
2012
0.615
0.628
—
—
2013
0.603
0.639
—
—
2014
0.642
0.607
—
—
2015
0.678
0.656
—
—
Month ended
January 31, 2016
—
—
0.681
0.706
February 29, 2016
—
—
0.686
0.721
March 31, 2016
—
—
0.689
0.717
April 30, 2016
—
—
0.684
0.710
May 31, 2016
—
—
0.681
0.696
June 30, 2016
—
—
0.676
0.757
Period ended July 21, 2016
—
—
0.750
0.774
(a) Based on the Federal Reserve Rate for euro.
(b) The average of the relevant exchange rates on the last business day of each month during the relevant period.
(c) Based on the composite exchange rate as quoted at 5 p.m., New York time, by Bloomberg/Reuters.
(d) Based on the Federal Reserve Rate for U.K. pound sterling.
As of July 21, 2016, the exchange rate between the U.S. dollar and the euro was €1.00 = $1.102, or $1.00 =
€0.908; the exchange rate between the U.K. pound sterling and the euro was U.K. £1.00 = €1.200, or €1.00 = U.K. £0.833;
and the exchange rate between the U.K. pound sterling and the U.S. dollar was U.K. £1.00 = $1.322, or $1.00 = U.K.
£0.757. For a discussion of the impact of exchange rate fluctuations on the Company’s results of operations, see “Item 11.
Quantitative and Qualitative Disclosures About Market Risk.”