cheshire Posted March 23, 2011 Report Posted March 23, 2011 Hi peeps, does anyone here know how to calculate individual currency strength for instance like EUR, GBP, USD and any other currency? mind to tell me whats the formula...thanks ... Quote
danyalati Posted April 21, 2011 Report Posted April 21, 2011 Big Mac index! not kidding. Its called purchasing power parity or ppp PPP Comparative Price Levels is done Monthly by the OECD It is a long-term valuation model maybe this forum perhaps http://fxtrade.oanda.com/community/fxmessage/ultimatebb.cgi?ubb=print_topic;f=15;t=003257 Quote
Prim Posted April 24, 2011 Report Posted April 24, 2011 (edited) I think you can use a simple formula like : C = Close of actual bar C1 = Close of 1 back bar ((C-C1)/C1)*100 you does that for every pair of specific major and after you divide for number of pair that you summed up exemple : EUR = eurusd+ eurgbp+ eurcad+ euraud+ eurnzd+ eurchf+ eurcjpy+ (naturally all this pairs are calculate with forumla of before) --------- sum / 7 you can also look to this site : http://www.mataf.net/it/forex-charts/c-index#c_index Edited April 24, 2011 by Prim cheshire 1 Quote
cheshire Posted April 24, 2011 Author Report Posted April 24, 2011 I think you can use a simple formula like : C = Close of actual bar C1 = Close of 1 back bar ((C-C1)/C1)*100 you does that for every pair of specific major and after you divide for number of pair that you summed up exemple : EUR = eurusd+ eurgbp+ eurcad+ euraud+ eurnzd+ eurchf+ eurcjpy+ (naturally all this pairs are calculate with forumla of before) --------- sum / 7 you can also look to this site : http://www.mataf.net/it/forex-charts/c-index#c_index What if i want to calculate USD? eurusd,gbpusd...etc...thanks in advance Quote
Prim Posted April 24, 2011 Report Posted April 24, 2011 (edited) When you want reverse pairs you do 1/pair so exemple 1 eurusd = 1.4560 and 1 usdeur = 1/1.4560 = 0,6868 . I missing to tell you that also here is avaible a table of percent change : http://www.actionforex.com/markets/data/forex-top-movers-2007123134103/ Edited April 24, 2011 by Prim Quote
conglo Posted April 24, 2011 Report Posted April 24, 2011 Try a currency strength meter. This is considered a good one: http://indo-investasi.com/showthread.php/2131-FX4Caster?highlight=fx4caster Quote
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