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June 3, 2024
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June 30, 2024
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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