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Title 19 — Customs DutiesRelease 119-73

§1677b–1 Currency conversion

Title 19 › Chapter CHAPTER 4— - TARIFF ACT OF 1930 › Subtitle SUBTITLE IV— - COUNTERVAILING AND ANTIDUMPING DUTIES › Part Part IV— - General Provisions › § 1677b–1

Last updated Apr 6, 2026|Official source

Summary

The agency in charge of an antidumping case must convert foreign money into U.S. dollars using the exchange rate on the sale date. If a forward-currency deal is directly tied to that export sale, the rate in that forward contract must be used instead. Short-term swings in exchange rates are ignored. In investigations under part II, if a foreign currency moves steadily against the dollar, exporters must be given at least 60 days to adjust their export prices.

Full Legal Text

Title 19, §1677b–1

Customs Duties — Source: USLM XML via OLRC

(a)In an antidumping proceeding under this subtitle, the administering authority shall convert foreign currencies into United States dollars using the exchange rate in effect on the date of sale of the subject merchandise, except that, if it is established that a currency transaction on forward markets is directly linked to an export sale under consideration, the exchange rate specified with respect to such currency in the forward sale agreement shall be used to convert the foreign currency. Fluctuations in exchange rates shall be ignored.
(b)In an investigation under part II of this subtitle, if there is a sustained movement in the value of the foreign currency relative to the United States dollar, the administering authority shall allow exporters at least 60 days to adjust their export prices to reflect such sustained movement.

Legislative History

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Effective Date

Section effective, except as otherwise provided, on the date on which the WTO Agreement enters into force with respect to the United States (Jan. 1, 1995), and applicable with respect to investigations, reviews, and inquiries initiated and petitions filed under specified provisions of this chapter after such date, see section 291 of Pub. L. 103–465, set out as an

Effective Date

of 1994 Amendment note under section 1671 of this title.

Reference

Citations & Metadata

Citation

19 U.S.C. § 1677b–1

Title 19 — Customs Duties

Last Updated

Apr 6, 2026

Release point: 119-73