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Foreign Exchange Value of the Dollar - Nominal Indexes
Get measures of the foreign exchange value of the dollar from the Federal Reserve website. The dollar index is a measure of the performance of the US Dollar against a basket of currencies. The weights used to calculate the US dollar index change over time and are revised at least annually.
The current downloader gets three different nominal indexes. The difference between these indexes is the basket of currencies and the weights associated with each currency in the calculation of the index.
Here is the list of the downloaded US dollar indexes:
Broad: Currencies of a large group of major US trading partners are used to calculate this broad index.
Major Currencies: The major currencies index is a weighted average of the foreign exchange values of the US dollar against a subset of the currencies used in the broad index. The currencies that circulate widely outside the country of issue are chosen.
OITP: The OITP index uses another subset of currencies that belongs to the bread index. These currencies do not circulate widely outside the country of issue.
The downloaded data are daily time-series data but are updated on a monthly basis. The data is not Price-Adjusted and thus the nominal values are downloaded. The time-series date starts at the beginning of 1990 for the Major Currencies index and at 1995 for the two other indexes.
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
