LiveCharts.co.uk Currency Strength Meter

Our currency strength meter gives you a quick visual guide to which currencies are currently strong, and which ones are weak. The meter measures the strength of all forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. Please see notes below for further details.

How Does The Currency Strength Meter Work?

The currency strength meter takes readings from every forex pair over the last 24 hours, and applies calculations to each. It then bundles together each the associated pairs to an individual currency (eg, EUR/USD, GBP/USD, USD/JPY, EUR/GBP, AUD/USD etc) and finds the current strength.

How Can This Help Me?

It is useful as a quick guide to which currencies you might want to trade, and which might be worth staying away from. For instance, if a certain currency is very strong, and another suddenly turns weaker, you may find a trading opportunity. Such deviation between pairs usually indicates momentum. Conversely, if two currencies are weak, strong or average strength, there is often a range or sideways movement happening. You might want to stay away from trading those pairs.

How Often Is The Meter Updated?

It checks our real time forex data every minute and determines the current strength. Any changes will appear if you refresh the page.

It's Still Not Clear, Can You Show Me A Real Example?

Sure, let me show you a couple taken right now. Go to this page and see our examples »

This is different to a currency index. Instruments such as the US Dollar Index are weighted indexes which compare the Dollar's value relative to a basket of other currencies. For instance, at the time of writing this the US Dollar index is weighted as follows: Euro 57.6%,Yen 13.6%, British Pound 11.9%, Canadian Dollar 9.1%, Swedish Krona 4.2%, Swiss Franc 3.6%.

Our meter is based on more pairs, and takes the average gain or loss over a couple of timeframes to give an overall strength. It doesn't calculate a price like an index does, it gauges the strength on a numerical scale.