Years ended August 31,
2019 (1)
2018 (2)
Change
Change in constant currency (3)
Foreign exchange impact (3)
(in thousands of dollars, except percentages)
$
$
%
%
$
Revenue
1,036,853
847,372
22.4
17.9
37,433
Operating expenses
571,208
478,172
19.5
15.2
20,522
Adjusted EBITDA
465,645
369,200
26.1
21.5
16,911
Adjusted EBITDA Margin
44.9%
43.6%
Acquisitions of property, plant and equipment
192,605
212,580
(9.4)
(12.4)
6,332
Capital intensity
18.6%
25.1%
operating and financial results .
-1 fiscal 2019 average foreign exchange rate used for translation was 1 .
3255 usd / cdn .
-2 fiscal 2018 was restated to comply with ifrs 15 and to reflect a change in accounting policy .
for further details please consult the " accounting policies " section .
-3 fiscal 2019 actuals are translated at the average foreign exchange rate of fiscal 2018 which was 1 .
2773 usd / cdn .
revenue fiscal 2019 revenue increased by 22 .
4 % -17 .
9 % in constant currency .
in local currency revenue amounted to us $ 782 .
3 million compared to us $ 662 .
3 million for fiscal 2018 .
the increase resulted mainly from : • the impact of the metrocast acquisition completed on january 4 2018 which was included in revenue for only an eight-month period in the prior year ; • rate increases ; • continued growth in internet service customers ; and • the fiberlight acquisition completed in the first quarter of fiscal 2019 ; partly offset by • a decrease in video service customers .
excluding the metrocast and fiberlight acquisitions revenue in constant currency increased by 5 .
2 % for fiscal 2019 .
operating expenses fiscal 2019 operating expenses increased by 19 .
5 % -15 .
2 % in constant currency mainly as a result of : • the impact of the metrocast acquisition which was included in operating expenses for only an eight-month period in the prior year ; • programming rate increases ; • the fiberlight acquisition completed in the first quarter of fiscal 2019 ; • higher compensation expenses due to higher headcount to support growth ; and • higher marketing initiatives to drive primary service units growth ; partly offset by • the prior year ' s non-recurring costs of $ 3 .
1 million -us $ 2 .
5 million related to hurricane irma .
adjusted ebitda fiscal 2019 adjusted ebitda increased by 26 .
1 % -21 .
5 % in constant currency .
in local currency adjusted ebitda amounted to us $ 351 .
3 million compared to us $ 288 .
4 million for fiscal 2018 .
the increase was mainly due to the impact of the metrocast and fiberlight acquisitions combined with strong organic growth .
excluding the metrocast and fiberlight acquisitions and the prior year ' s non-recurring costs of $ 3 .
1 million - $ us2 .
5 million related to hurricane irma adjusted ebitda in constant currency increased by 5 .
7 % for fiscal 2019 .
capital intensity and acquisitions of property plant and equipment fiscal 2019 acquisitions of property plant and equipment decreased by 9 .
4 % -12 .
4 % in constant currency mainly due to : • the acquisition of several dark fibres throughout south florida from fiberlight llc for a consideration of $ 21 .
2 million -us $ 16 .
8 million during the second quarter of fiscal 2018 ; partly offset by • additional capital expenditures related to the impact of the metrocast acquisition ; and • additional capital expenditures related to the expansion in florida .
fiscal 2019 capital intensity reached 18 .
6 % compared to 25 .
1 % for fiscal 2018 mainly as a result of lower capital expenditures combined with revenue growth .

Question: What was the average exchange rate in 2018?
Answer: 1.2773 USD/CDN.