VARIANSE EURO Index

Mid Price
Change %
Bid
Ask
Weekly Open
Daily High
Daily Low
Prev. Close
Overlay Instrument

Basket Composition

The Constant value is calculated to price the basket to = 1.0000 as of 01/01/2014

Performance

Today .
This Week .
This Month .


What is this Index?

The VARIANSE EURO Index measures the performance of the Euro against a basket of currencies: USD, GBP, JPY and CHF

The Index is measure of the value of the Euro relative to the majority of its most significant trading partners.
This index is similar to the EUR Trade-Weighted Index, which also utilises the exchange rates from the same major currencies, however the composition and weighting is different.
Our Index has been incepted with a base value of 1.0000 from 01/01/2014 which means that a value of 1.2000 would imply that the Euro experienced a 20% increase in value over the time period.


How is the FX Index Calculated?

Now for the maths...


1. First we calculate the Geometric Mean (GM) of the     Basket


    

    where:
    N          = Number of components
    Pair N  = Market price of Nth Pair

2. Then we multiply the value A by the constant     factor*


    

       *A constant factor is used to turn the basket into an
       index which sets the value of the basket to usually
       equal 1 or 100 at a pre-determined date in the past,
       this allows for easier tracking and simpler pricing.