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.
The information presented includes client data from both OANDA Corporation and some clients from other OANDA entities globally (specifically entities based in UK, Singapore, Australia, Canada and Japan).
Past performance is not indicative of future results. This data is provided for general informational purposes only. It is not to be construed as a recommendation or investment advice. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading.
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.
