U.S. dollar index (DXY) historical data 1973-2024 | Statista (2024)

Published by

Raynor de Best,

May 17, 2024

The US dollar index of the summer of 2023 was lower than that of the second half of 2022, although it was still relatively high compared to previous years. The index – often referred to with the code DXY, or USDX – measures the value of the U.S. dollars compared to six other foreign currencies at the same time. These include the euro, the Swiss franc, the Japanese yen, the Canadian dollar, the British pound, and the Swedish króna. It originated in 1973, with the arrival of the petrodollar and the dissolution of the Bretton Woods Agreement. As the index has only been updated once – when the euro arrived in 1999 – some argue this composition is not accurate to the current state of the world. The price development of the U.S. dollar affects many things, including commodity prices in general.

U.S. Dollar Index (DXY/USDX) chart development from January 1973 to May 2024

CharacteristicClose price (1973 = 100)
May 13, 2024105.3
May 10, 2024105.31
May 09, 2024105.23
May 08, 2024105.55
May 07, 2024105.41
May 06, 2024105.05
May 02, 2024105.3
May 01, 2024105.76
Apr 2024106.22
Mar 2024104.55
Feb 2024104.16
Jan 2024103.27
Dec 2023101.33
Nov 2023103.5
Oct 2023106.66
Aug 2023103.62
Jul 2023101.86
Jun 2023102.91
May 2023104.32
Apr 2023101.67
Mar 2023102.51
Feb 2023104.87
Jan 2023102.1
Nov 2022105.95
Oct 2022111.53
Sep 2022112.12
Aug 2022108.7
Jul 2022105.9
Jun 2022104.69
May 2022101.75
Mar 202298.31
Feb 202296.71
Jan 202296.54
Dec 202195.67
Nov 202195.99
Oct 202194.12
Sep 202194.25
Aug 202192.63
Jun 202192.44
Apr 202191.28
Mar 202193.23
Feb 202190.93
Jan 202190.58
Dec 202089.94
Nov 202091.87
Sep 202093.89
Aug 202092.14
Jul 202093.49
Jun 202097.39
May 202098.34
Apr 202099.02
Mar 202099.05
Jan 202097.39
Dec 201996.39
Oct 201997.35
Sep 201999.38
Jul 201998.52
Jun 201996.13
May 201997.75
Apr 201997.48
Mar 201997.28
Feb 201996.16
Jan 201995.58
Dec 201896.17
Nov 201897.27
Oct 201897.13
Sep 201895.19
Aug 201895.14
Jul 201894.49
May 201893.99
Apr 201891.84
Feb 201890.61
Jan 201889.13
Dec 201792.12
Nov 201793.01
Oct 201794.55
Aug 201792.67
Jul 201792.86
Jun 201795.66
May 201796.92
Apr 201799.05
Mar 2017100.35
Feb 2017101.12
Jan 201799.51
Nov 2016101.5
Oct 201698.45
Sep 201695.46
Aug 201696.02
Jul 201695.53
Jun 201696.14
May 201695.89
Mar 201694.59
Feb 201698.21
Jan 201699.61
Dec 201598.63
Nov 2015100.17
Sep 201596.35
Aug 201595.95
Jul 201597.37
Jun 201595.49
May 201596.91
Apr 201594.6
Mar 201598.36
Dec 201490.27
Nov 201488.36
Oct 201486.88
Sep 201485.94
Aug 201482.75
Jul 201481.46
Jun 201479.78
Apr 201479.49
Mar 201480.1
Feb 201479.78
Jan 201481.27
Dec 201380.04
Oct 201380.2
Sep 201380.22
Jul 201381.45
Jun 201383.17
May 201383.38
Apr 201381.73
Mar 201382.99
Feb 201381.98
Jan 201379.21
Dec 201279.77
Nov 201280.15
Oct 201279.92
Sep 201279.94
Aug 201281.25
Jul 201282.64
May 201283.04
Apr 201278.79
Feb 201278.73
Jan 201279.28
Nov 201178.39
Oct 201176.17
Sep 201178.55
Aug 201174.13
Jul 201173.9
Jun 201174.3
May 201174.64
Mar 201175.86
Feb 201176.89
Jan 201177.74
Dec 201079.03
Nov 201081.2
Oct 201077.27
Sep 201078.72
Aug 201083.2
Jun 201086.02
Apr 201081.87
Mar 201081.07
Feb 201080.36
Jan 201079.46
Dec 200977.86
Nov 200974.88
Sep 200976.65
Aug 200978.17
Jul 200978.35
Jun 200980.13
May 200980.43
Apr 200984.61
Mar 200985.43
Dec 200881.31
Nov 200886.52
Oct 200885.63
Sep 200879.45
Aug 200877.38
Jul 200873.23
Jun 200872.46
Apr 200872.51
Mar 200871.8
Feb 200873.71
Jan 200875.18
Dec 200776.7
Nov 200776.15
Oct 200776.48
Sep 200777.72
Aug 200780.79
Jul 200780.77
May 200782.3
Apr 200781.45
Feb 200783.57
Jan 200784.61
Dec 200683.72
Nov 200682.92
Oct 200685.32
Aug 200685.05
Jul 200685.3
Jun 200685.22
May 200684.72
Apr 200686.11
Mar 200689.73
Feb 200690.11
Jan 200688.96
Nov 200591.57
Oct 200590.07
Sep 200589.52
Aug 200587.58
Jul 200589.35
Jun 200589.11
May 200587.76
Mar 200584.06
Feb 200582.51
Jan 200583.6
Dec 200480.85
Nov 200481.82
Oct 200484.91
Sep 200487.36
Aug 200488.94
Jun 200488.8
May 200488.95
Apr 200490.48
Mar 200487.61
Feb 200487.31
Dec 200386.92
Nov 200390.21
Oct 200392.73
Sep 200392.85
Aug 200398.1
Jul 200396.89
Jun 200394.73
Apr 200397.19
Mar 200399.06
Feb 200399.71
Jan 200399.91
Dec 2002101.85
Oct 2002106.64
Sep 2002106.87
Jul 2002107.41
Jun 2002106.11
May 2002111.81
Apr 2002115.19
Mar 2002118.62
Feb 2002119.16
Jan 2002120.24
Dec 2001116.75
Nov 2001116.13
Oct 2001114.86
Sep 2001113.48
Aug 2001113.42
Jul 2001117.18
May 2001119.07
Apr 2001115.85
Feb 2001112.01
Jan 2001110.52
Dec 2000109.56
Nov 2000115.24
Oct 2000116.65
Aug 2000112.6
Jul 2000109.57
Jun 2000106.84
May 2000108.74
Apr 2000110.14
Mar 2000105.44
Feb 2000105.92
Jan 2000105.13
Dec 1999101.87
Nov 1999101.99
Oct 199999.06
Sep 199998.54
Aug 199999.95
Jun 1999102.85
May 1999102.51
Apr 1999101
Mar 1999100.1
Feb 199998.68
Jan 199996.08
Dec 199894.17
Nov 199896.2
Sep 199896.17
Aug 1998100.2
Jul 1998101.2
Jun 1998101.17
May 1998100.45
Apr 199899.71
Mar 1998101.5
Dec 199799.65
Nov 199797.79
Oct 199795.64
Sep 199797.11
Aug 199799
Jul 199799.64
Jun 199795.67
Apr 199797.18
Mar 199794.72
Feb 199794.89
Jan 199793.04
Dec 199688.18
Oct 199687.43
Sep 199687.94
Jul 199685.9
Jun 199687.82
May 199687.78
Apr 199688.02
Mar 199686.52
Feb 199686.29
Jan 199687.38
Dec 199584.76
Nov 199585.26
Oct 199583.66
Aug 199585.57
Jul 199581.57
Jun 199581.58
May 199582.57
Apr 199581.8
Mar 199581.9
Feb 199585.93
Jan 199587.99
Nov 199489.13
Oct 199485.69
Sep 199487.88
Aug 199489.67
Jul 199489.87
Jun 199489.62
May 199492.52
Mar 199493.06
Feb 199494.55
Jan 199495.59
Dec 199396.84
Nov 199396.21
Oct 199395.08
Sep 199392.82
Aug 199393.95
Jun 199393.63
May 199389.08
Apr 199389.49
Mar 199391.87
Feb 199394.05
Jan 199392.46
Dec 199292.36
Nov 199290.84
Sep 199281.1
Aug 199278.88
Jul 199281.91
Jun 199283.72
May 199287.22
Apr 199289.62
Mar 199289.65
Jan 199287.49
Dec 199183.52
Oct 199189.93
Sep 199189.9
Jul 199193.49
Jun 199196.06
May 199193.13
Apr 199191.54
Mar 199192.02
Feb 199184.08
Jan 199182
Dec 199083.07
Nov 199082.93
Oct 199083.28
Sep 199086
Aug 199086.56
Jul 199087.17
May 199092.98
Apr 199093.07
Feb 199093.29
Jan 199092.41
Dec 198993.21
Nov 198996.27
Oct 198998.07
Aug 1989102.28
Jul 198997.39
Jun 1989102.02
May 1989102.98
Apr 198997.71
Mar 198998.14
Feb 198994.9
Jan 198996.77
Nov 198890.53
Oct 198893.76
Sep 198897.69
Aug 198898.42
Jul 198897.53
Jun 198895.41
May 198891.09
Mar 198888.3
Feb 198890.53
Jan 198890.34
Dec 198785.42
Nov 198789.15
Sep 198798.57
Aug 198797.32
Jul 198799.79
Jun 198798.13
May 198797.77
Apr 198795.94
Mar 198797.11
Dec 1986103.58
Nov 1986105.92
Oct 1986109.27
Sep 1986106.74
Aug 1986106.43
Jul 1986108.04
Jun 1986111.61
Apr 1986111.77
Mar 1986117.92
Feb 1986115.08
Jan 1986121.52
Dec 1985123.46
Oct 1985129.39
Sep 1985132.12
Jul 1985137.26
Jun 1985146.12
May 1985147.86
Apr 1985149.7
Mar 1985149.18
Feb 1985160.41
Jan 1985152.72
Dec 1984151.47
Nov 1984149.21
Oct 1984146.39
Sep 1984147.55
Aug 1984140.33
Jul 1984141.29
May 1984133.69
Apr 1984132.64
Feb 1984128.25
Jan 1984135.51
Nov 1983130.64
Oct 1983128.4
Sep 1983128.35
Aug 1983130.84
Jul 1983128.44
Jun 1983124.94
May 1983123.79
Mar 1983122.21
Feb 1983120.35
Jan 1983121.12
Dec 1982117.36
Nov 1982121
Oct 1982124.78
Sep 1982122.2
Aug 1982120.29
Jun 1982119.04
May 1982112.79
Apr 1982111.6
Mar 1982114.73
Feb 1982111.93
Jan 1982108.03
Dec 1981104.69
Nov 1981103.18
Sep 1981107.73
Aug 1981110.28
Jul 1981111.72
Jun 1981107.71
May 1981104.95
Apr 1981100.45
Mar 198196.76
Dec 198090.39
Nov 198090.01
Oct 198088.38
Sep 198086.02
Aug 198085.85
Jul 198086.08
Jun 198085.2
Apr 198088.11
Mar 198093.58
Feb 198087.65
Jan 198086.14
Dec 197985.82
Nov 197986.79
Oct 197988.95
Sep 197985.45
Aug 197987.19
Jul 197987.31
May 197990.53
Apr 197989.98
Feb 197988.18
Jan 197988.86
Dec 197886.5
Nov 197890.22
Oct 197883.07
Aug 197890
Jul 197890.94
Jun 197893.53
May 197895.46
Apr 197895.62
Mar 197893.84
Feb 197894.6
Jan 197896.64
Nov 1977100.37
Oct 1977100.96
Sep 1977103.21
Aug 1977103.64
Jul 1977102.86
Jun 1977103.84
May 1977104.52
Mar 1977105.03
Feb 1977105.26
Jan 1977105.54
Dec 1976104.56
Nov 1976106.19
Oct 1976105.94
Sep 1976105.5
Aug 1976106.13
Jun 1976106.64
May 1976107.29
Apr 1976106.23
Mar 1976105.34
Feb 1976103.66
Dec 1975103.51
Nov 1975103.53
Oct 1975101.61
Sep 1975104.24
Aug 1975101.79
Jul 1975101.25
Jun 197595.86
Apr 197595.39
Mar 197594.82
Feb 197593
Jan 197595.61
Dec 197497.29
Oct 1974101.26
Sep 1974102.48
Jul 1974100.54
Jun 1974100.16
May 197499.77
Apr 197498.49
Mar 197499.51
Feb 1974103.03
Jan 1974105.9
Dec 1973102.39
Nov 1973100.35
Oct 197395.06
Sep 197394.79
Aug 197395.77
Jul 197392.91
May 197398
Apr 1973101.43
Feb 1973100.13
Jan 1973109.01

Zoomable Statistic: Select the range in the chart you want to zoom in on.

Loading statistic...

© Statista 2024

Share this statistic

Embed this statistic (FAQ)

U.S. dollar index (DXY) historical data 1973-2024 | Statista (2024)

FAQs

What is the history of the DXY? ›

It originated in 1973, with the arrival of the petrodollar and the dissolution of the Bretton Woods Agreement. As the index has only been updated once – when the euro arrived in 1999 – some argue this composition is not accurate to the current state of the world.

Why was the DXY so high in 1985? ›

Some causes of the strong dollar and the eventual misalignment that followed include inflation scares, high interest rates, and the increase in the size of the federal budget deficit.

Why is the DXY so strong? ›

The dollar's value comes from the US' position as a critical global economic power and the country's political and economic stability. While it may hold less value than such currencies as the Swiss franc or the British pound, the dollar's global use makes it a more commercially viable currency.

How do you analyze the U.S. Dollar Index? ›

Interpreting and Trading the U.S. Dollar Index (DXY)?

Simply put, if the USDX goes up, that means the U.S. dollar is gaining strength or value when compared to the other currencies. Similarly, if the index is currently 80, falling 20 from its initial value, that implies that it has depreciated 20%.

What is the highest DXY ever recorded? ›

The current value of U.S. Dollar Index is 104.450 USD — it has fallen by 0.13% in the past 24 hours. Track the index more closely on the U.S. Dollar Index chart. What is U.S. Dollar Index highest value ever? U.S. Dollar Index reached its highest quote on Feb 24, 1985 — 164.720 USD.

What does DXY tell US? ›

The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners' currencies.

What year was the U.S. dollar the strongest? ›

Historically, the United States Dollar reached an all time high of 164.72 in February of 1985.

Was the dollar strong in 1980? ›

Since mid-1980, the dollar has experienced an unprecedented appreciation in foreign-exchange markets. On a trade-weighted basis, the dollar appreciated 77 percent from its low in mid- 1980 to its most recent peak in February 1985.

Why did the dollar crash in 1985? ›

The Plaza Accord was an agreement between five industrial countries to devalue the dollar. The dollar had gained too much purchasing power too quickly, damaging American exporters. Appreciation of the Japanese yen, combined with other economic factors, led to the country's "lost decade."

Will the dollar collapse in 2024? ›

We expect 2024 to be a year of diverging trends for the dollar. It will likely move lower on a broad trade-weighted basis early in the year but stabilize as the year progresses. Although we expect a general downward drift for the dollar, performance of individual currencies will likely vary widely.

Is the U.S. dollar in danger? ›

The collapse of the dollar remains highly unlikely. Of the preconditions necessary to force a collapse, only the prospect of higher inflation appears reasonable. Foreign exporters such as China and Japan do not want a dollar collapse because the U.S. is too important a customer.

What is the weakest currency in the world? ›

Top 10 weakest currencies in the world
#CurrencyValue of
1Lebanese pound1 LBP
2Iranian rial1 IRR
3Vietnamese dong1 VND
4Sierra Leonean leones1 SLE
6 more rows

What is the U.S. dollar backed by? ›

Prior to 1971, the US dollar was backed by gold. Today, the dollar is backed by 2 things: the government's ability to generate revenues (via debt or taxes), and its authority to compel economic participants to transact in dollars.

Does DXY affect gold? ›

The relationship between the DXY index and the price of gold is an important one for gold traders and investors to understand. A rising DXY index can put downward pressure on the price of gold, while a falling DXY index can increase demand for gold and drive up its price.

How does DXY affect the stock market? ›

A stronger dollar bull market has been negative for stocks mainly because it impacts the profits of global corporations. A stronger dollar makes imports cheaper but makes exports more expensive and less competitive on world markets.

What is the US dollar backed by? ›

Prior to 1971, the US dollar was backed by gold. Today, the dollar is backed by 2 things: the government's ability to generate revenues (via debt or taxes), and its authority to compel economic participants to transact in dollars.

What currency is correlated with DXY? ›

Traditionally, EUR/USD and DXY exhibit an inverse relationship. When the US Dollar strengthens, EUR/USD tends to weaken, and vice versa. This inverse correlation is rooted in the fact that the Euro represents the alternative currency in the pair.

Why is DXY pumping? ›

As rising inflation captured headlines by the start of 2022, the DXY index would surge to a highest level in nearly 20 years by mid-June, supported by aggressive tightening policy in the US and relatively dovish strategies undertaken by its international peers.

References

Top Articles
Latest Posts
Recommended Articles
Article information

Author: Duane Harber

Last Updated:

Views: 5567

Rating: 4 / 5 (51 voted)

Reviews: 90% of readers found this page helpful

Author information

Name: Duane Harber

Birthday: 1999-10-17

Address: Apt. 404 9899 Magnolia Roads, Port Royceville, ID 78186

Phone: +186911129794335

Job: Human Hospitality Planner

Hobby: Listening to music, Orienteering, Knapping, Dance, Mountain biking, Fishing, Pottery

Introduction: My name is Duane Harber, I am a modern, clever, handsome, fair, agreeable, inexpensive, beautiful person who loves writing and wants to share my knowledge and understanding with you.