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Federal Reserve Board H.10 and G.5 (JRXWTFO_N.M) · Nominal emerging markets dollar index, monthly average

What is the Federal Reserve's emerging markets dollar index?

The monthly average of the emerging markets dollar index was 127.4285 in the month ended , down 3.0% from a year earlier.

Emerging markets dollar index, monthly average, not seasonally adjusted, each month

January 2006 to September 2026Not seasonally adjusted, as published

Emerging markets dollar index, monthly average, not seasonally adjusted, each month (January 2006 to September 2026), recessions shaded
Emerging markets dollar index, monthly average, not seasonally adjusted, each month (September 2016 to September 2026), recessions shaded
Emerging markets dollar index, monthly average, not seasonally adjusted, each month (September 2024 to September 2026)

Shaded bands are US recessions as the National Bureau of Economic Research dates them: to , to .

Shaded bands are US recessions as the National Bureau of Economic Research dates them: to .

Emerging markets dollar index, monthly average, change from a year earlier, each month (ours)

January 2006 to September 2026Ours, from the published values

Emerging markets dollar index, monthly average, change from a year earlier, each month (ours) (January 2006 to September 2026), recessions shaded
Emerging markets dollar index, monthly average, change from a year earlier, each month (ours) (September 2016 to September 2026), recessions shaded
Emerging markets dollar index, monthly average, change from a year earlier, each month (ours) (September 2024 to September 2026)

Shaded bands are US recessions as the National Bureau of Economic Research dates them: to , to .

Shaded bands are US recessions as the National Bureau of Economic Research dates them: to .

Each point is one month of the series as the source publishes it, or a change worked out from those values (ours). The US recessions are shaded. Pointing at the chart shows the month and the value.

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Inspect and compare dates

The newest month beside the one before it and the nearest ones a year, five and ten years earlier. The last ten years are in the table under "The numbers behind the chart".

MeasureLatestThe month beforeA year earlierFive years earlierTen years earlier
Month
Emerging markets dollar index, monthly average127.4285127.3196131.4250123.4640118.2525
Change over a year−3.0%−3.6%−1.0%−3.7%+3.6%

The table scrolls sideways; the first column stays in place.

Observed .

Right now

The monthly average of the emerging markets dollar index was 127.4285 in September 2026, the highest since July 2026.

Over a year it is down 3.0% (ours).

See every month of the last ten years

ChangeOurs

PeriodThenChange
One month127.3196 in +0.1%
Three months128.9353 in −1.2%
Twelve months131.4250 in −3.0%
Five years123.4640 in +3.2%
Ten years118.2525 in +7.8%

In historyOurs

The monthly average of the emerging markets dollar index of 127.4285 in was higher than in 202 of the 248 other months since , the same in 0 and lower in 46.

Highest since : 138.3438 in . Lowest since : 89.8244 in .

AverageOurs

Average since : 112.32405 (ours, a plain mean of the 249 months).

ComparedOurs

Over a year the monthly average of the emerging markets dollar index is down 3.0%, which ranks 3 of the 3 rows of the table, where 1 is the largest change.

The table sets the monthly average of the emerging markets dollar index beside the three dollar indexes, by the change over a year in each one's newest month.

See every row of the ranking

Understanding the monthly average of the emerging markets dollar index

Where it stands today

The monthly average of the emerging markets dollar index was 127.4285 in September 2026.

What does the monthly average of the emerging markets dollar index measure?

The nominal emerging markets dollar index measures the value of the US dollar against the currencies of emerging market economies (EME), weighted by trade, with its level in January 2006 set to 100. The Federal Reserve Board (the Board) publishes the daily values in its H.10 release and their monthly averages in its G.5 release, together with the trade weights it uses.

Read more

What 500metrics adds: the change over one month, three months, a year and five years, the highest and lowest value since the series begins, and how the change over a year compares with the other lines of the dollar index page.

The numbers behind the chart

What was the monthly average of the emerging markets dollar index in each month?The last ten years, 120 months, newest first; the chart and the file have every month since Jan 2006
Emerging markets dollar index, monthly average, not seasonally adjusted, by month, newest first (Index, January 2006 = 100; the change ours)
MonthValueChange over a year
127.4285−3.0%
127.3196−3.6%
129.1848−1.8%
128.9353−2.5%
128.3104−4.1%
128.6356−6.0%
129.8318−5.3%
127.6815−7.2%
129.3619−6.5%
130.9317−4.8%
131.8663−3.5%
131.6668−1.6%
131.4250−1.0%
132.0667−0.6%
131.5744−0.3%
132.2201+0.1%
133.7754+4.1%
136.8608+6.4%
137.1056+7.7%
137.6507+7.6%
138.3438+8.5%
137.4717+8.4%
136.5813+7.2%
133.7709+2.6%
Show 96 more rows
MonthValueChange over a year
132.7205+3.7%
132.8080+5.1%
132.0201+5.8%
132.1008+5.2%
128.4673+1.9%
128.5728+1.9%
127.3586+0.3%
127.9210+0.9%
127.4672+0.6%
126.8448−2.2%
127.4489−3.4%
130.4229−2.4%
127.9809−2.8%
126.3969−2.0%
124.8058−3.8%
125.5637−1.3%
126.0915−0.6%
126.1816+1.3%
127.0148+1.8%
126.7580+2.2%
126.6445+1.9%
129.7434+3.5%
131.8784+5.6%
133.6620+7.5%
131.6451+6.6%
129.0230+4.3%
129.7725+5.2%
127.1571+4.0%
126.8992+3.7%
124.5443+0.9%
124.7618+0.3%
124.0418+1.0%
124.3316+1.9%
125.2980+2.4%
124.8764+0.4%
124.3734−2.0%
123.4640−3.7%
123.7116−4.7%
123.3832−5.5%
122.2992−6.6%
122.3997−8.7%
123.3813−8.6%
124.4151−5.2%
122.7769−0.6%
122.0172−0.2%
122.3495−0.8%
124.3915+0.3%
126.9731+2.1%
128.1627+2.5%
129.8560+3.8%
130.6062+7.4%
130.9887+6.9%
134.0279+9.4%
134.9783+11.8%
131.1911+8.4%
123.5251+2.2%
122.2113+0.8%
123.3920−0.3%
123.9795−0.2%
124.3559+1.4%
125.0602+2.5%
125.0817+3.4%
121.6509+1.5%
122.5521+2.3%
122.5117+4.3%
120.7702+5.9%
121.0568+6.1%
120.8695+5.8%
121.2177+5.5%
123.7744+5.7%
124.2490+6.1%
122.6306+4.7%
122.0521+6.2%
120.9209+4.5%
119.8734+2.9%
119.8204+2.3%
117.4510−0.9%
114.0487−3.8%
114.1364−4.7%
114.2191−5.9%
114.9496−7.3%
117.0661−5.0%
117.1105−3.7%
117.1411−0.9%
114.9538−2.8%
115.6659−0.9%
116.4584−1.0%
117.1779−0.4%
118.5263+1.5%
118.5511+3.2%
119.7403+3.1%
121.3690+1.9%
123.9942+4.5%
123.2648+7.0%
121.6163+7.3%
118.2488+4.8%
How does it compare with the three dollar indexes?Ranked by the change over a year
Emerging markets dollar index, monthly average beside the three dollar indexes, newest month of each, by the change over a year (ours); equal changes share a rank
SeriesMonthValueChange over a yearRank
Advanced economies112.7920+1.8%1
Broad119.2152−0.7%2
Emerging markets127.4285−3.0%3

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What do these figures leave out, and how are they cited?Limits, dates and how to cite

What this number cannot tell you

  • The index is the Board's own measure. It is not a price from an exchange, and it is not the index that exchanges and data companies publish under similar names.
  • A month's value is the monthly average of the daily values that the Board's G.5 release publishes. The Board prints the index to four decimal places, and this page prints it as published.
  • A higher index is a higher value of the dollar against the group of currencies, in the Board's nominal measure; it does not adjust for prices.
  • The changes, the ranks and the highest and lowest values are ours, worked out from the values the Board publishes; a change is in percent.

Observed . Checked .

How to cite this

Board of Governors of the Federal Reserve System, H.10 Foreign Exchange Rates, Nominal emerging markets dollar index, monthly average, through September 2026. Compiled by 500metrics, "What is the Federal Reserve's emerging markets dollar index?", https://500metrics.com/dollar-index/emerging-markets.

Can the data be downloaded?dollar-index-emerging-markets.csv

Download the full history as CSV: 249 rows, to , 5,253 bytes.

Our text and compilation: CC BY 4.0.

Recession dates from the National Bureau of Economic Research.

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