Board of Governors of the Federal Reserve System

The table below shows the average rates of exchange in MAY 2019 together with comparable figures for other months. Averages are based on daily noon buying rates for cable transfers in New York City certified for customs purposes by the Federal Reserve Bank of New York.

COUNTRY	CURRENCY	May 2019	April 2019	March 2019	May 2018
*AUSTRALIA	DOLLAR	0.6945	0.7111	0.7082	0.7525
BRAZIL	REAL	3.9915	3.8974	3.8407	3.6316
CANADA	DOLLAR	1.3460	1.3378	1.3371	1.2866
CHINA, P.R.	YUAN	6.8519	6.7161	6.7119	6.3701
DENMARK	KRONE	6.6728	6.6454	6.6060	6.3001
*EMU MEMBERS	EURO	1.1187	1.1234	1.1296	1.1823
HONG KONG	DOLLAR	7.8478	7.8445	7.8492	7.8487
INDIA	RUPEE	69.7827	69.4068	69.4895	67.5100
JAPAN	YEN	109.9714	111.6414	111.1443	109.6882
MALAYSIA	RINGGIT	4.1675	4.1125	4.0770	3.9586
MEXICO	PESO	19.1110	18.9641	19.2442	19.5525
*NEW ZEALAND	DOLLAR	0.6562	0.6715	0.6835	0.6953
NORWAY	KRONE	8.7387	8.5623	8.6072	8.0963
SINGAPORE	DOLLAR	1.3706	1.3561	1.3543	1.3392
SOUTH AFRICA	RAND	14.4222	14.1455	14.3858	12.5394
SOUTH KOREA	WON	1182.9527	1142.1650	1131.6005	1076.6595
SRI LANKA	RUPEE	176.1500	174.6432	178.0952	157.7527
SWEDEN	KRONA	9.5921	9.3280	9.2931	8.7555
SWITZERLAND	FRANC	1.0107	1.0084	1.0005	0.9969
TAIWAN	DOLLAR	31.2218	30.8468	30.8567	29.8673
THAILAND	BAHT	31.7964	31.8477	31.7352	31.9641
*UNITED KINGDOM	POUND	1.2855	1.3029	1.3167	1.3470
VENEZUELA	BOLIVAR	5406.08	3995.16	3289.86	72987.53
Memo:
UNITED STATES	DOLLAR
1) BROAD	JAN06=100	115.9734	114.8791	114.7609	111.0796
2) AFE	JAN06=100	110.7263	110.2964	109.8185	106.0641
3) EME	JAN06=100	122.6810	120.8894	121.1395	117.4934
4) BROAD - goods only	JAN97=100	128.7336	127.3554	127.2096	121.4302
5) MAJOR - goods only	MAR73=100	92.5803	92.2683	91.8773	88.6914
6) OITP - goods only	JAN97=100	168.3038	165.5672	165.7684	156.8948

Effective on February 4, 2019, the Federal Reserve Board has changed the methodology used to construct the trade-weighted dollar indexes in the H.10, G.5, and G.5A releases. These changes, designed to improve the alignment of the currency weights with current U.S. trade patterns, include revisions to the calculation of the weighting scheme and country composition. In addition, the former Major index has been renamed as the Advanced Foreign Economies (AFE) index, and the Other Important Trading Partners (OITP), index has been renamed as the Emerging Market Economies (EME) index. The Federal Reserve Board will continue to release the dollar indexes based solely on trade in goods until December 31, 2019. These indexes are referred to as "Broad - goods only", "Major - goods only", and "OITP - goods only". For more information on the new methodology, see "Revisions to the Federal Reserve Dollar Indexes."

Please visit the Currency Weights page (http://www.federalreserve.gov/releases/H10/Weights) for current weights and country composition of the Broad Index. The source for exchange rates not listed in the table above but used in the calculation of the Broad, AFE, and EME indexes is Bloomberg.

* U.S. dollars per currency unit.

1) A weighted average of the foreign exchange value of the U.S. dollar against the currencies of a broad group of major U.S. trading partners.
2) A weighted average of the foreign exchange value of the U.S. dollar against a subset of the broad index currencies that are advanced foreign economies.
3) A weighted average of the foreign exchange value of the U.S. dollar against a subset of the broad index currencies that are emerging market economies.
4) 5) 6) A weighted average of the foreign exchange value of the U.S. dollar against the currencies of a broad group of major U.S. trading partners, a subset of advanced foreign economies, and a subset of emerging market economies respectively--using weights based only on trade in goods.