The Trade-Weighted U.S. Dollar Index.  

Forex Smart Trade Results, Friday, May 31, 2024 – $6,148

Today’s-Forex-Smart-Trade’s-Trade-Results
Forex Smart Trade Results, Thursday, May 30, 2024 – $3,864
June 3, 2024
Today’s-Forex-Smart-Trade’s-Trade-Results
Forex Smart Trade Results, Monday, June 3, 2024 – $2,830
June 10, 2024

Forex Smart Trade Results, Friday, May 31, 2024 – $6,148

Today’s-Forex-Smart-Trade’s-Trade-Results

The Trade-Weighted U.S. Dollar Index.

The Federal Reserve Bank of St. Louis provides “weighted averages of the foreign exchange value of the U.S. dollar against the currencies of a broad group of major U.S. trading partners.”

From strongest to weakest, here is the current weighting (in percentage) of the index:

COUNTRY WEIGHT(%)
Eurozone 18.947
China 15.835
Canada 13.384
Mexico 13.524
Japan 6.272
United Kingdom 5.306
Korea 3.322
Taiwan 1.95
Singapore 1.848
Brazil 1.979
Malaysia 1.246
Hong Kong 1.41
India 2.874
Switzerland 2.554
Thailand 1.096
Australia 1.395
Russia 0.526
Israel 1.053
Sweden 0.52
Indonesia 0.675
Saudi Arabia 0.499
Chile 0.625
Philippines 0.687
Colombia 0.604
Argentina 0.507
Total 100

*Weights as of December 16, 2019

The main difference between the USDX and the trade-weighted U.S. dollar index is the basket of currencies used and their relative weights.

The trade-weighted index includes countries from all over the world, including some developing countries.

Given how global trade is developing, this index is probably a better reflection of the U.S. dollar’s value across the globe.

The weights are based on annual trade data.

Weights for the broad index can be found at https://www.federalreserve.gov/releases/H10/Weights/.

If you’d like to see historical data, check out https://www.federalreserve.gov/releases/h10/Summary/.

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