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Exchange rates - BBVA

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					Exchange Rates(1)

                                 Year-end Exchange Rates            Average Exchange Rates
                                            D% on          D% on                     D% on
                          31-03-05        31-03-04     31-12-04          1Q 05        1Q 04

Mexican peso               14.4898           (5.7)            4.8     14.6606          (6.4)
Argentine peso               3.7920          (7.4)            6.8       3.8476         (5.4)
Chilean peso                 760.46          (0.9)          (0.2)       758.15         (3.0)
Colombian peso             3,067.48            6.9            4.5     3,086.42           9.5
Peruvian new sol             4.2270            0.1            5.9       4.2773           1.4
Venezuelan bolivar         2,785.52         (15.9)          (6.3)     2,604.17        (14.5)
U.S. dollar                  1.2964          (5.7)            5.1       1.3113         (4.8)

(1) Expressed in currency/euro




                                                                                  Exchange rates

				
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posted:10/21/2011
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