diff --git a/contracts/math/Math.sol b/contracts/math/Math.sol
index 0292f5180..101b35d49 100644
--- a/contracts/math/Math.sol
+++ b/contracts/math/Math.sol
@@ -13,4 +13,9 @@ library Math {
   function min(uint256 _a, uint256 _b) internal pure returns (uint256) {
     return _a < _b ? _a : _b;
   }
+
+  function average(uint256 _a, uint256 _b) internal pure returns (uint256) {
+    // (_a + _b) / 2 can overflow, so we distribute
+    return (_a / 2) + (_b / 2) + ((_a % 2 + _b % 2) / 2);
+  }
 }
diff --git a/contracts/mocks/MathMock.sol b/contracts/mocks/MathMock.sol
index 087ccf142..53f61a5f6 100644
--- a/contracts/mocks/MathMock.sol
+++ b/contracts/mocks/MathMock.sol
@@ -12,4 +12,8 @@ contract MathMock {
   function min(uint256 _a, uint256 _b) public pure returns (uint256) {
     return Math.min(_a, _b);
   }
+
+  function average(uint256 _a, uint256 _b) public pure returns (uint256) {
+    return Math.average(_a, _b);
+  }
 }
diff --git a/test/library/Math.test.js b/test/library/Math.test.js
index ae1a16770..5076461b9 100644
--- a/test/library/Math.test.js
+++ b/test/library/Math.test.js
@@ -37,4 +37,28 @@ contract('Math', function () {
       result.should.be.bignumber.equal(min);
     });
   });
+
+  describe('average', function () {
+    function bnAverage (a, b) {
+      return a.plus(b).div(2).truncated();
+    }
+
+    it('is correctly calculated with two odd numbers', async function () {
+      const a = new BigNumber(57417);
+      const b = new BigNumber(95431);
+      (await this.math.average(a, b)).should.be.bignumber.equal(bnAverage(a, b));
+    });
+
+    it('is correctly calculated with two even numbers', async function () {
+      const a = new BigNumber(42304);
+      const b = new BigNumber(84346);
+      (await this.math.average(a, b)).should.be.bignumber.equal(bnAverage(a, b));
+    });
+
+    it('is correctly calculated with one even and one odd number', async function () {
+      const a = new BigNumber(57417);
+      const b = new BigNumber(84346);
+      (await this.math.average(a, b)).should.be.bignumber.equal(bnAverage(a, b));
+    });
+  });
 });