The Currency Power Balance Tool compares the relative strength of currencies at different points in time. Offering eight major currencies, it lets you switch between various time periods to see short and long-time data.
Calculated using current and closing mid-prices for currency pairs combinations, you’ll be able to note the strengths and weaknesses of different currencies. This means that the larger the value, the stronger the currency is compared to seven other currencies. So you can judge how strong the pairs are for yourself.
The following chart allows you to compare time periods with different data granularity.
| Time frame | Granularity |
|---|---|
| Current business day | 5 minutes |
| Previous business day | 5 minutes |
| Last 4 hours | 1 minute |
| Last 8 hours | 5 minutes |
| Last 24 hours | 5 minutes |
| Last week | 1 hour |
| Last month | 4 hours |
| Last 3 months | 4 hours |
* All time-specific labels are in the UTC time zone.
With the Currency Power Balance Tool you can easily switch between different time periods and work out exact values. Calculate the strength of your currencies by using a tool that will keep you updated.
Note that the prices and instruments in this tool refer to the product offerings of OANDA self-funded trading accounts. The data can be used by OANDA Prop Trader Challengers and Signal Providers for educational purposes only.
