EUR Trade Index 18-Year Chart
by Ashraf Laidi
The euro's nominal trade-weighted index is based on geometric weighted averages of bilateral exchange rates of 12 currencies against the 15-nations of the Eurozone (Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovenia and Spain). The index is not adjusted for inflation.
The weights are based on 2002-04 trade data, with a base 100 value set from Q1 1999. The basket comprises 12 countries, with the main components as follows: U.S. 26.4%; U.K. 22.6%; Japan 14%; Korean Republic 6.2%; Switzerland 8.7%; Sweden 6.3%.
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