# Board of Governors of the Federal Reserve System

> The Federal Reserve H.10 release reports weekly foreign exchange rates against the US dollar for February 27 to March 3, 2023. Brazil's real traded around 5.20 per dollar and the Mexican peso around 18.0 to 18.4.

- Date: 2023-03-06 · published 2023-03-06T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/37066-board-of-governors-of-the-federal-reserve-system
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md), [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Exchange rate levels for major feed-importing and exporting currencies affect local feed costs and export competitiveness for Brazil, Mexico and others, though this data release alone signals no new shock.

## Read by commodity

- USDBRL: neutral
- USDCNY: neutral
- USDMXN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2023-11-27 | [Board of Governors of the Federal Reserve System](https://feedsoft.ai/events/33431-board-of-governors-of-the-federal-reserve-system.md) | -0.1% | -0.2% |
| USDCNY | 2024-01-16 | [Board of Governors of the Federal Reserve System](https://feedsoft.ai/events/32376-board-of-governors-of-the-federal-reserve-system.md) | +0.4% | +0.4% |
| USDCNY | 2024-07-22 | [Federal Reserve Board - Foreign Exchange Rates - H.10 - July 22, 2024](https://feedsoft.ai/events/29552-federal-reserve-board-foreign-exchange-rates-h-10-july-22-2024.md) | -0.3% | -1.4% |
| USDCNY | 2018-12-07 | [China surprises with higher foreign reserves from inflows \| snaps \| ING THINK](https://feedsoft.ai/events/61797-china-surprises-with-higher-foreign-reserves-from-inflows-snaps-ing-think.md) | -0.0% | -0.4% |
| USDCNY | 2020-10-13 | [The Fed - Foreign Exchange Rates - H.10 -  October 13, 2020](https://feedsoft.ai/events/50812-the-fed-foreign-exchange-rates-h-10-october-13-2020.md) | -0.2% | -1.0% |
| USDBRL | 2023-11-27 | [Board of Governors of the Federal Reserve System](https://feedsoft.ai/events/33431-board-of-governors-of-the-federal-reserve-system.md) | -0.3% | -0.8% |
| USDBRL | 2024-01-16 | [Board of Governors of the Federal Reserve System](https://feedsoft.ai/events/32376-board-of-governors-of-the-federal-reserve-system.md) | +2.6% | +2.1% |
| USDBRL | 2023-10-23 | [Federal Reserve Board - Foreign Exchange Rates - H.10 - October 23, 2023](https://feedsoft.ai/events/33896-federal-reserve-board-foreign-exchange-rates-h-10-october-23-2023.md) | -1.8% | -3.4% |

## Sources

- federalreserve.gov: https://www.federalreserve.gov/releases/h10/20230306/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.