Board of Governors of the Federal Reserve System

The table below shows the average rates of exchange in MARCH 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	March 2019	February 2019	January 2019	March 2018
*AUSTRALIA	DOLLAR	0.7082	0.7136	0.7151	0.7759
BRAZIL	REAL	3.8407	3.7244	3.7356	3.2790
CANADA	DOLLAR	1.3371	1.3209	1.3300	1.2933
CHINA, P.R.	YUAN	6.7119	6.7367	6.7863	6.3174
DENMARK	KRONE	6.6060	6.5754	6.5386	6.0403
*EMU MEMBERS	EURO	1.1296	1.1349	1.1418	1.2334
HONG KONG	DOLLAR	7.8492	7.8477	7.8411	7.8413
INDIA	RUPEE	69.4895	71.1739	70.7100	65.0455
JAPAN	YEN	111.1443	110.4400	108.9605	106.0468
MALAYSIA	RINGGIT	4.0770	4.0759	4.1160	3.9013
MEXICO	PESO	19.2442	19.1953	19.1704	18.5901
*NEW ZEALAND	DOLLAR	0.6835	0.6830	0.6782	0.7258
NORWAY	KRONE	8.6072	8.5855	8.5476	7.7702
SINGAPORE	DOLLAR	1.3543	1.3539	1.3560	1.3146
SOUTH AFRICA	RAND	14.3858	13.8139	13.8199	11.8422
SOUTH KOREA	WON	1131.6005	1121.8333	1120.3300	1069.9418
SRI LANKA	RUPEE	178.0952	178.3944	181.6025	155.6386
SWEDEN	KRONA	9.2931	9.2481	8.9950	8.2406
SWITZERLAND	FRANC	1.0005	1.0014	0.9897	0.9480
TAIWAN	DOLLAR	30.8567	30.7989	30.8080	29.1991
THAILAND	BAHT	31.7352	31.3272	31.7775	31.2564
*UNITED KINGDOM	POUND	1.3167	1.3016	1.2901	1.3976
VENEZUELA	BOLIVAR	3289.86	3290.34	1358.19	41273.26
Memo:
UNITED STATES	DOLLAR
1) BROAD	JAN06=100	114.7608	114.4206	114.4840	107.9943
2) AFE	JAN06=100	109.8185	109.3052	109.0507	103.1395
3) EME	JAN06=100	121.1394	120.9742	121.3685	114.2079
4) BROAD - goods only	JAN97=100	127.2096	126.8096	126.7306	118.0646
5) MAJOR - goods only	MAR73=100	91.8773	91.3777	91.1158	86.2362
6) OITP - goods only	JAN97=100	165.7683	165.5371	165.7174	152.5421

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.