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Full-vector numerical analysis is crucial for modeling photonic crystal fiber (PCF) accurately. Based on a full-vector boundary element method (BEM), the behavior of index guiding PCF also known as Holey Fiber (HF) is accurately analyzed. The basic formulation of boundary element method is introduced. The simulation results such as root-searching results and field plots are presented. The confinement loss is evaluated by calculating the complex effective index of HF. The total dispersion of HF is also calculated. Finally, the birefringence of HF is analyzed using BEM.