Board of Governors of the Federal Reserve System

The table below shows the average rates of exchange in JULY 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	July 2019	June 2019	May 2019	July 2018
*AUSTRALIA	DOLLAR	0.6978	0.6946	0.6945	0.7403
BRAZIL	REAL	3.7785	3.8557	3.9915	3.8221
CANADA	DOLLAR	1.3105	1.3289	1.3460	1.3133
CHINA, P.R.	YUAN	6.8775	6.8977	6.8519	6.7164
DENMARK	KRONE	6.6588	6.6123	6.6728	6.3768
*EMU MEMBERS	EURO	1.1211	1.1295	1.1187	1.1685
HONG KONG	DOLLAR	7.8133	7.8260	7.8478	7.8477
INDIA	RUPEE	68.7391	69.3880	69.7827	68.6867
JAPAN	YEN	108.2864	108.0685	109.9714	111.5210
MALAYSIA	RINGGIT	4.1225	4.1603	4.1675	4.0479
MEXICO	PESO	19.0452	19.2728	19.1110	18.9856
*NEW ZEALAND	DOLLAR	0.6679	0.6602	0.6562	0.6789
NORWAY	KRONE	8.6196	8.6329	8.7387	8.1307
SINGAPORE	DOLLAR	1.3616	1.3621	1.3706	1.3630
SOUTH AFRICA	RAND	14.0356	14.5850	14.4222	13.3670
SOUTH KOREA	WON	1177.2345	1173.7845	1182.9527	1122.2029
SRI LANKA	RUPEE	175.8832	176.4635	176.1500	159.3548
SWEDEN	KRONA	9.4191	9.4085	9.5921	8.8239
SWITZERLAND	FRANC	0.9880	0.9880	1.0107	0.9948
TAIWAN	DOLLAR	31.0768	31.2895	31.2218	30.5429
THAILAND	BAHT	30.7995	31.1010	31.7964	33.2681
*UNITED KINGDOM	POUND	1.2461	1.2675	1.2855	1.3162
VENEZUELA	BOLIVAR	7614.15	6172.40	5406.08	129228.50
Memo:
UNITED STATES	DOLLAR
1) BROAD	JAN06=100	115.0909	115.4612	115.9675	113.1086
2) AFE	JAN06=100	109.7745	109.6724	110.7277	107.6697
3) EME	JAN06=100	121.8604	122.7270	122.6675	119.9843
4) BROAD - goods only	JAN97=100	127.8484	128.2525	128.7336	124.0589
5) MAJOR - goods only	MAR73=100	91.7037	91.6340	92.5803	90.0469
6) OITP - goods only	JAN97=100	167.4789	168.5098	168.3038	161.0552

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.