Summary Measures of the Foreign Exchange Value of the Dollar
Note. The most recent annual revision to the currency weights has
produced revised index values that appear in the dollar indexes
starting January 2, 2002.
Bilateral dollar exchange rates are available from the Board's
H.10 (weekly) and G.5
(monthly) statistical releases.
Nominal Indexes
Broad |
Daily | Monthly |
The broad index is a weighted average of
the foreign exchange values of the U.S. dollar against the currencies of
a large group of major U.S. trading partners. The index
weights,
which change over time, are derived from U.S. export shares and from U.S.
and foreign import shares. For details
on the construction of the weights, see
the article in the October 1998
Federal Reserve Bulletin (69 KB PDF). The methodology presented in that article has been modified slightly (see weights).
|
Major Currencies |
Daily through 1989 | Daily after 1989 | Monthly |
The major currencies index is a weighted average
of the foreign exchange values of the U.S. dollar against a subset
of currencies
in the broad index that circulate widely outside the country of issue.
The weights are derived from those in the broad index. |
OITP
(Other important trading partners) |
Daily | Monthly |
The OITP index is a weighted average
of the foreign exchange values of the U.S. dollar against a subset of currencies
in the broad index that do not circulate widely outside the country of
issue. The weights are derived from those in the broad index. |
G-10
|
Daily through 1989 | Daily after 1989 | Monthly |
The G-10 index is a weighted average
of the foreign exchange values of the U.S. dollar against the currencies
of the other G-10 (Group of Ten) countries (Belgium,
Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland,
and the United Kingdom). The weight for each
of the countries is the
sum of the country's world trade during the 1972-76 period divided by
the sum of world trade for all ten countries combined. The series was
revised as of August 1978 ("Index of the Weighted-Average
Exchange Value of the U.S. Dollar: Revision," Federal Reserve Bulletin, vol. 64, August 1978, p. 700). Series discontinued after
December 1998. |
Real Indexes (Monthly Only) |
Broad |
Major Currencies |
OITP
(Other important trading partners) |
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Last update: June 24, 2002
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