CENTRAL and NORTH AMERICA
PACIFIC and OCEANIA
This page shows the exchange rate of the US Dollar against most world currencies. It presents high-frequency updated data directly coming from more than 170 big interbank liquidity providers such as ABN Amro, Abbey National Bank, JP Morgan Chase, Zurcher Kantonal Bank, UBS Investment Bank, Westpac and
WHAT DO I GET HERE?
This page shows the exchange rate of the US Dollar (USD) against most world currencies. It gives you valuable insights in terms of Relative Strength of the Dollar and enables you to better understand intermarket relationships.
Traders should look at it to establish a successful strategy, looking at the big image rather than looking at a single-dimensional scope.
Being organized by big geographic zones, it also provides information about capital flows between continents. For example, a negative performance of Asian currencies against the US Dollar shows money is migrating from Asia to America during that particular day.
WHY SHOULD I ANALYSE THE RELATIVE STRENGTH OF THE US DOLLAR?
In an educational article on Relative Strength, the EzTrader team takes a clear example for the US Dollar:
"Let’s assume that for some reason USD becomes the worst performing currency among all G10 currencies. If we look at the EUR/USD and AUD/USD we might see that they both strengthen against the USD, however it will be harder for us to determine which currency is stronger between the two unless we look at EUR/AUD.
This process we will have to do for every currency pair so we can understand the relative strength of the currencies (bear in mind that just in the G10 complex we have 45 currency pairs.)"
If you want to know more about correlations, we recommend you to watch Navin Prithyani’s video on Mastering Market Correlations.
And you will find more resources on this topic here.
ABOUT THESE RATES
Our rates present high-frequency updated data directly coming from more than 170 big interbank liquidity providers such as ABN Amro, Abbey National Bank, JP Morgan Chase, Zurcher Kantonal Bank, UBS Investment Bank, Westpac and many more. The real time streaming feed displays Open, High, and Low rates as well as the performance in pips and percentage compared to the price close at 00:00 GMT. Click on a pair to get detailed information.
ABOUT THE US DOLLAR
The US Dollar is by far the most transacted currency in the world. This is due to several factors, but we can highlight primarily two. First, it's the world's primary reserve currency, which makes this currency highly susceptible to changes in interest rates. Second, the USD is a universal measure to evaluate any other currency as well as many commodities such as oil (hence the term "petrodollar") and gold.
Today's other major currencies like the Euro, the British Pound, the Australian Dollar and New Zealand Dollar are moving against the American currency, and so do the Japanese Yen, the Swiss franc and Canadian Dollar. 70% of the U.S economy depends on domestic consumption, making its currency very susceptible to data on employment and consumption. Any contraction in the labor market has a negative effect on this currency.
All US Dollar denominated bank deposits held at foreign banks or foreign branches of American banks are known as "Eurodollars". Some economists maintain that the overseas demand for Dollars allows the United States to maintain persistent trade deficits without causing the value of the currency to depreciate and the flow of trade to readjust. Other economists believe that at some stage in the future these pressures will precipitate a run against the US Dollar with serious global financial consequences.
Nickname: Buck or Greenback