Performance analysis tools
Currency Strength Meter
Compare how much each of the eight major currencies has been bought or sold over a given period. A starting point for finding a strong currency to buy against a weak one.
- No registration
- Free
- Built on official published rates
Find what is being bought
Result
Strongest currency
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Score of the strongest
-%
Weakest currency
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Spread between top and bottom
-pt
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Loading rate data...
How each currency moved
Cumulative change for each currency, with the first day of the period set to 0%. The higher the line, the more the currency has been bought; the lower, the more it has been sold.
Strength ranking
| Rank | Currency | Score | Rating |
|---|
How to read this result
Score
Cumulative change with the first day of the period set to 0%. Positive means the currency has been bought, negative that it has been sold.
Spread between top and bottom
The gap between first and last place. The wider it is, the clearer the direction in the market.
This is the past
The move may already have happened. If you enter with the trend, decide where your stop goes before the reversal comes.
Method and specification
How it is calculated
Daily log returns against the US dollar are converted to percentages and accumulated. The dollar itself uses the average of the other seven with the sign reversed.
When to use it
Choosing which pair to trade / checking whether the market currently has direction
Currencies covered
USD / EUR / GBP / JPY / AUD / NZD / CAD / CHF. The data is refreshed every 24 hours.
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Profit calculator
Work out the profit or loss of a trade from entry and exit prices.
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Frequently Asked Questions
How is currency strength calculated?
For each of the eight majors, the daily percentage change against the US dollar is taken and accumulated over the period you choose. The starting point is 0% and everything is compared from there. The dollar's own strength is derived as the inverse of the average of the other seven.
Should I just buy the strongest and sell the weakest?
As a trend-following idea, yes - that combination tends to move the most. But this is a record of what has already happened, and the move may be well advanced. Reversals in these pairs are sharp, so decide where your stop goes before you enter.
Which period should I choose?
Roughly: 14 days for trades held a few days, 30 days for a few weeks, and 60-90 days for the larger picture. The ranking can reorder when you change the period, and that difference is itself a hint that the short and medium term disagree.
Where does the data come from?
Public data based on the reference rates published by the European Central Bank, calculated from daily closes. It can differ slightly from your broker's rates, and is refreshed every 24 hours.
Once your money management is settled, the next step is choosing an EA.
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