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Currency Index

Currency index measures changes in the value of the currency by tracking the exchange rates of five of the most liquid currencies (USD, EUR, GBP, JPY, CHF). The value of index is composed on an equally-weighted basket method which allocates the currency against its major counterparts over a selected period of time.

Such a methodology is optimal for understanding the strength or weakness of global Forex currencies. As many global currencies are used as a reserve or safe haven currency, the index tool allows you to assess the overall efficiency of your money savings. The end value of the index reflects the average return that is gained or lost if your currency portfolio consists of one single currency. By using the currency index tool, you can easily anaylze and evaluate yearly, quarterly, monthly, weekly trends on the currency market.

The currency index includes the following input parameters:

  • Start Date represents a beginning date from which calculations are to be started.
  • Base Date represents a basic date which is used as equivalent for comparison. The value of index at the base date is always equal to 100%.
  • Number of days is a number of days which are shown on the chart from a start date.

How to use: select start date, base date and days amount to proceed to calculations.

Example: start date 01.01.2008, base date 01.01.2008, days amount 330.

Interpretation: As is apparent from the chart above, the Japanese yen was the strongest currency in 2008 year and gained on average 30 per cent against its major counterparties. The US dollar was also one of the strongest currencies. Despite losing 10 per cent of its value by March, it recovered by August and appreciated by 10 per cent on year-to-date basis. The Swiss franc was the most stable currency and its value didn't change much over the year. The Euro and Pound lost their ground in 2008, weakening by 10 and 20 percent respectively.


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