Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
    eg: USDCAD, GBP/EUR, AUD to USD, 500 Pound to Yen, 15K Dollar Peso, Send Japan

    U.S. Dollar Index

    The U.S. Dollar Index is an overall measure of the value of the USD relative to a basket of foreign currencies.

    The code for the index is USDX or DXY.

     

    Latest US Dollar Index (USDX)

    96.49
    The U.S. Dollar Index at 96.48 is 0.8% above average of its 90-day range 93.36-96.85.
    |
    1-DAY+0.5%
    30-DAYHIGH
     
       

    View My Alerts

    U.S. Dollar Index - What is it?

    The U.S. Dollar Index is an measure of the value of the United States dollar relative to a basket of six foreign currencies. The Index goes up when the U.S. dollar is stronger compared to other currencies.

    For some relative context, the U.S. Dollar Index started in 1973 at the value of 100.000. It has since traded as high as 164.72 in February 1985, and as low as 70.69 in March 2008.

    Which currencies are in the U.S. Dollar Index ?

    The U.S. Dollar Index is a weighted geometric mean of the US dollar's value relative to following six currencies:

    • Euro (EUR), 57.6% weight
    • Japanese yen (JPY) 13.6% weight
    • Pound sterling (GBP), 11.9% weight
    • Canadian dollar (CAD), 9.1% weight
    • Swedish krona (SEK), 4.2% weight
    • Swiss franc (CHF) 3.6% weight

    The table below compares the USD-X 90 day trend relative to the USD directly against each of the six index currencies: USD-EUR, USD-JPY, USD-GBP etc.

    USD-X
    96.49
    1D+0.5%
    1MHIGH
    USD-EUR
    0.8896
    1D+0.5%
    2MHIGH
    USD-JPY
    114.67
    1D+0.6%
    2WHIGH
    USD-GBP
    0.7429
    1D+0.5%1d
    2WHIGH
    USD-CAD
    1.2667
    1D-0.6%
    2WHIGH
    USD-SEK
    9.3091
    1W+2.1%
    3MHIGH
    USD-CHF
    0.9232
    1D+0.6%
    2WHIGH

    US Dollar Forecasts

    In 2021 the market’s expectation for a rise in US inflation and thus interest rates pushed up the USD exchange rate against most currencies.

    This trend is seemingly continuing into 2022 although with a slight hiccup for the greenback mid January with Mr Powell’s confirmation hearing testimony disappointing the markets about the imminence of rate hikes.

     USD Outlook

    Forecasts for the US dollar change all the time, affected by news events and relative sentiment towards the US economy.

    Read our US Dollar Forecasts, Trends and News for a review of forecasts from banks and FX experts as well as news and recent movements of USD in the currency markets.