SYSTEM AND METHOD FOR CREATING A DOLLAR INDEX BASED ON GLOBAL FOREIGN EXCHANGE TURNOVER

摘要

A system and method for creating a dollar index are provided including selecting, from a survey on foreign exchange turnover, data for plural dollar/foreign currency pairs, creating a subset of data from the daily total daily averages of each currency pair and determining the percentage weighting of each currency pair by the total value of the subset, creation of a proportionally weighted dollar index by multiplying the determined weighting of each currency pair with a reported closing price of that currency pair to generate a coefficient for that currency pair and determination of a subsequent current value of the index by multiplying each generated coefficient with a current price for a currency pair.