The Trade Weighted US dollar Index, also known as the broad index, is a measure of the value of the US Dollar relative to other world currencies. It is similar to the US Dollar Index in that its numerical value is determined as a weighted average of the price of various currencies relative to the dollar, but different currencies are used and relative values are weighted differently.
Read more about Trade Weighted US Dollar Index: History, Included Currencies
Famous quotes containing the words trade, dollar and/or index:
“Though in the trade of war I have slain men,
Yet do I hold it very stuff o’ the conscience
To do no contrived murder. I lack iniquity
Sometimes to do me service.”
—William Shakespeare (1564–1616)
“... if we have a dollar to spend on some wild excess, we shall spend it on a book, not on asparagus out of season.”
—Katharine Fullerton Gerould (1879–1944)
“Exile as a mode of genius no longer exists; in place of Joyce we have the fragments of work appearing in Index on Censorship.”
—Nadine Gordimer (b. 1923)