{"id":3610,"date":"2016-12-22T07:00:57","date_gmt":"2016-12-22T12:00:57","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/currency-index-methodologies\/"},"modified":"2016-12-22T07:00:57","modified_gmt":"2016-12-22T12:00:57","slug":"currency-index-methodologies","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/currency-index-methodologies\/","title":{"rendered":"Bloomberg Announces Updates to Currency Index Methodologies"},"content":{"rendered":"
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New York \u2013 Bloomberg today announced the composition and 2017 weights for the Bloomberg Dollar Spot Index<\/a>, as well as changes to the rebalance schedule of its Euro and British Pound indices.<\/p>\n

The Bloomberg Dollar Spot Index tracks the performance of a basket of the leading global currencies versus the U.S. dollar, and represents developed and emerging market currencies that have the highest liquidity in the currency markets and the biggest trade flows with the U.S.<\/p>\n

Target weights of index components for 2017, as well as their comparative weights in 2016, are provided in the table below. Indian Rupee (INR) will be included in the index this year with target weight of 2.09%, while Brazilian Real (BRL) will exit the index.<\/p>\n

\"graph\"<\/p>\n

The Index rebalances<\/a> once a year to capture the most important trading partners of the U.S. as reported by the Federal Reserve and the triennial survey of the most liquid currencies as reported by the Bank of International Settlements. Currencies pegged to the U.S. dollar are excluded and currencies heavily managed have their exposure capped. Weights of the Index are determined in accordance with the rules described in the\u00a0index methodology<\/a>.<\/p>\n

Through its updated composition of diversified currencies that are important from trade and liquidity perspectives,\u00a0Bloomberg Dollar Spot Index<\/a>\u00a0provides a better measure of the U.S. dollar compared to indices that do not update their composition and are comprised of a handful of currencies with concentrated weights.<\/p>\n

Users of the\u00a0Bloomberg Professional service<\/a>\u00a0can view Bloomberg Dollar Spot index data on the Terminal by typing BDXY<GO><\/strong>.<\/p>\n

Bloomberg Euro and British Bound Index Update<\/strong><\/p>\n

Bloomberg has also revised the rebalancing schedules of its Euro and British Pound indices, to allow reflection of a full year\u2019s trade data from underlying sources in the index construction.\u00a0 From 2017, the rebalance schedules are adjusted to the last business day in June each year, in lieu of year-end rebalances.<\/p>\n

Weights of the Index are determined in accordance with the rules described in the index methodology<\/a>.\u00a0 Users of the Bloomberg Professional service can view currency index data on the Terminal by typing IN<GO><\/strong>.<\/p>\n

More information on Bloomberg\u2019s Currency Indices is available at https:\/\/www.bloombergindices.com\/currency<\/a><\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n

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About Bloomberg<\/strong><\/p>\n

Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company\u2019s strength \u2013 delivering data, news and analytics through innovative technology, quickly and accurately \u2013 is at the core of the Bloomberg Professional service. Bloomberg\u2019s enterprise solutions build on the company\u2019s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit www.bloomberg.com<\/a>\u00a0or request a demo<\/a>.<\/p>\n

Media Contacts<\/strong><\/p>\n