Table:
|  | Fiscal Year Ended January 31, 2019 |  |  |
| --- | --- | --- | --- |
|  | Percent change compared to prior fiscal year (as reported) | Constant currency percent change compared to prior fiscal year (1) | Positive/negative/neutral impact from foreign exchange rate changes |
| Revenue | 25% | 24% | Positive |
| Total spend | 1% | 1% | Neutral |
Paragraphs:
Foreign Currency Analysis
We generate a significant amount of our revenue in the United States, Germany, Japan, the United Kingdom and Canada
The following table shows the impact of foreign exchange rate changes on our net revenue and total spend:
(1) Please refer to the Glossary of Terms for the definitions of our constant currency growth rates.
Changes in the value of the U.S. dollar may have a significant effect on net revenue, total spend, and income (loss) from operations in future periods. We use foreign currency contracts to reduce the exchange rate effect on a portion of the net revenue of certain anticipated transactions but do not attempt to completely mitigate the impact of fluctuations of such foreign currency against the U.S. dollar.
Question:
Which foreign exchange rate is likely to have the most impact on the company's operations?
Answer: U.S. dollar