US dollar index
Is the dollar strong enough to squeeze everyone else?
High 61.43th percentile of the last five years
A high reading means a strong dollar, which raises the cost of anything priced in dollars for everyone who does not earn in them — imported energy, dollar debt service and commodity inputs across most of the world.
Reading for — 6 days ago.
Data last updated . Checked four times daily.
US dollar index since 2006
Index, Jan 2006 = 100. 5217 observations. Record high 130.0413 on 13 January 2025.
Reading the bands
Each band is a percentile rank against this series' own trailing five years, computed using only data available at the time. A reading of 61.43 means the value has been lower than this on 61.43% of days in that window. The bands describe position, not direction — see above for what a high reading means here.
What each band means five bands, by percentile
| Band | Percentile | Meaning |
|---|---|---|
| Very high | 80–100 | Higher than it has been on four days in five over the past five years. |
| High | 60–80 | Above its own recent range, though not at an extreme. |
| Typical | 40–60 | Around the middle of its own five-year range. |
| Low | 20–40 | Below its own recent range. |
| Very low | 0–20 | Lower than it has been on four days in five over the past five years. |
Year by year
Year by year average, high and low for the last 15 years
| Year | Average | High | Low |
|---|---|---|---|
| 2026 | 119.48 | 122 | 117.44 |
| 2025 | 122.72 | 130.04 | 119.13 |
| 2024 | 122.89 | 129.28 | 119.25 |
| 2023 | 120.27 | 124.01 | 117.03 |
| 2022 | 120.7 | 128.45 | 114.18 |
| 2021 | 113.11 | 116.58 | 110.5 |
| 2020 | 117.77 | 126.13 | 111.22 |
| 2019 | 115.73 | 118.31 | 113.55 |
| 2018 | 112 | 116.9 | 106.49 |
| 2017 | 112.81 | 119.09 | 107.81 |
| 2016 | 113.07 | 119.23 | 108.67 |
| 2015 | 108.17 | 113.82 | 102.9 |
| 2014 | 95.59 | 102.38 | 93.14 |
| 2013 | 92.76 | 95.06 | 90.49 |
| 2012 | 91.64 | 94.7 | 89.6 |
Full history from January 2006 in the CSV.
Sources · every one re-fetchable
The CSV link is the exact endpoint the pipeline calls, so any reading ever published here can be reproduced.
Sources publisher, series and fetch link
| Series | Publisher | Role | Observed | Fetch |
|---|---|---|---|---|
| US dollar index DTWEXBGS · Index, Jan 2006 = 100 | Federal Reserve Board via FRED | history | CSV |
Which dollar index this is
The nominal broad index published by the Federal Reserve, weighted by trade with the United States across a wide basket of currencies. It is not DXY, the older futures-market index, which is dominated by the euro and carries no emerging market weight at all. For a question about trade, the broad measure is the right one; the two can move differently for months.
Why it sits underneath so much else
A strong dollar transmits directly into other economies. It raises the local cost of imported energy, tightens conditions for anyone servicing dollar debt, and weighs on commodity prices quoted in dollars.
That last effect is large enough to distort naive comparisons. Over the period since 2006, monthly changes in oil and in this index have correlated at about −0.31, rising to −0.64 over twelve-month windows. Anyone comparing oil against a currency without accounting for the dollar is mostly measuring the dollar.
Its role in the index
This is one of the four components of the TradeTurbulence Stress Index, where it enters as dollar pressure. The composite compresses it to a single score; this page shows the series on its own.
The economy behind it
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In our analysis
- Without computers, chips and fuel, US import prices rose 3.9%
- The rupee gained 1.8% in a week. It is still weak
- A Stress Index of 80 is higher than any day of 2010–2019
- Brent rose 10% in a week. In rupees it set a record
- The dollar is at its 24th percentile. The rupee is at its 97th.
- The China discount reversed in dollars. In yuan it never did.
- Saudi Arabia entered the war. The index cannot see it yet.
- The stress index reads Normal. Nothing inside it does.
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