The Website Currency Index widget is a quick way to see how different currencies are performing against each other. By aggregating exchange rate movements, you can get a sense for which way the market is moving and make better-informed decisions about your forex trading. The widget provides access to changes in average rates for a series of currencies compared to their closing price on a fixed reference date. These changes, or returns, are expressed as percentages with the base date index value set to 100%. As such, values below 100% signify a decrease compared to the base date, while values above 100% demonstrate an increase.
The currencies available through the widget are: Euro (EUR), Pound (GBP), Swiss Franc (CHF), US Dollar (USD), and Yen (JPY). The widget allows you to set the desired base date and select a start date (the date of the first displayed value) followed by a number of days to indicate the time period displayed on the chart. The pairs used to calculate a particular index always include the corresponding currency as the base currency, even if it appears second in the standard notation. Therefore, an increase in the index always indicates a currency’s rise relative to its peers, and a decrease indicates a weakening.
