US Dollar Index (DXY) Calculator
Introduction & Importance
The US Dollar Index (DXY) is a measure of the value of the United States dollar relative to a basket of foreign currencies. Understanding DXY is crucial for global market analysis and trading.
How to Use This Calculator
- Enter the exchange rates for the five major currencies.
- Click ‘Calculate’.
- View your DXY result and chart.
Formula & Methodology
The DXY is calculated as a geometric mean of the five major currencies:
DXY = (EUR/USD * JPY/USD * GBP/USD * CHF/USD * CAD/USD)^(1/5)
Real-World Examples
| Date | EUR/USD | JPY/USD | GBP/USD | CHF/USD | CAD/USD | DXY |
|---|---|---|---|---|---|---|
| 2021-01-01 | 1.21 | 105.00 | 1.36 | 1.21 | 1.27 | 90.56 |
Data & Statistics
| Currency | Weight |
|---|---|
| Euro (EUR) | 57.6% |
| Japanese Yen (JPY) | 13.6% |
| British Pound (GBP) | 11.9% |
| Swiss Franc (CHF) | 9.1% |
| Canadian Dollar (CAD) | 7.8% |
Expert Tips
- Monitor DXY for trends and reversals.
- Consider DXY when trading USD pairs.
- DXY can impact global markets and commodities.
Interactive FAQ
What does DXY measure?
DXY measures the value of the USD against a basket of foreign currencies.
Federal Reserve – Source for USD exchange rates.
BLS – Labor market data influenced by DXY.