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Currency Strength Meter

Determining the relative strength of a currency pair is an important part of succeeding in the forex market. That’s why we recommend you use our Currency Strength Meter. Compare the Japanese yen, US dollar, British pound, Canadian dollar, Swiss franc, and much more in real-time!

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EUR
USD
GBP
JPY
AUD
NZD
CAD
CHF
XAU
SGD
HKD
SEK
NOK
DKK
ZAR
MXN
CNH
TRY
HUF
CZK
RUB
1 WEEK
1 DAY
4 HOURS
1 HOUR
15 MINUTES
5 MINUTES
*** The forex strength meter illustrates the strongest and weakest currency pairs. The stronger forex pairs are highlighted green, while the weakest are highlighted red.

What Is A Currency Strength Meter?

A live currency strength meter calculates how one foreign exchange currency performs against other currencies. So, how does the currency strength meter work? It evaluates how different foreign currency pairs are performing individually. Then, the Currency Strength Meter combines these readings to quantify the relative strength of an individual currency and related FX pairs.

The currency strength indicator furnishes forex traders with the ability to quickly view stronger and weaker currency pairs at a glance. Strong currency pairs are color-coded green; weak currency pairs are shaded red.

What is this tool illustration

Evaluate Forex Pairs On Your Terms!

One exciting feature of our Currency Strength Meter is that it's fully customizable. Whether you are trading exotic, minor, or major currencies, the meter's functionality allows for rapid integration. Simply drag your base currency and counter-currency into the table — the Currency Strength Meter does the rest!

Use HowToTrade tools for more in-depth analysis

Harness our tools and analysis to make informed trading decisions.

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Use our simple yet powerful Forex Lot Size Calculator to calculate the exact position size for each trade and manage your risk per trade like a pro.

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Forex Profit Calculator

With our free Forex Profit Calculator, you can calculate your profits and losses before or after executing a trade so you'll know exactly how much profit or loss you can expect.

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Swap Calculator

Calculate the swap fee you will be charged on your trading account for holding your positions overnight based on the instrument you are trading, your account currency, and trade size.

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Economic Calendar icon

Economic Calendar

Our economic calendar showcases relevant events to help you trade these markets too.

View calendar
Forex Heatmap icon

Forex Heatmap

Our Forex heat map includes real-time data and can help you determine the strongest and the weakest currencies on the Forex market right at this moment.

Use it now
Value at Risk Calculator icon

Value at Risk Calculator

Use our Value at Risk Calculator to estimate potential losses. This tool can help you make more informed investment decisions and ultimately help protect your hard-earned money.

Use calculator
Lot Size Calculator icon

Lot Size Calculator

Use our simple yet powerful Forex Lot Size Calculator to calculate the exact position size for each trade and manage your risk per trade like a pro.

Use calculator
Forex Profit Calculator icon

Forex Profit Calculator

With our free Forex Profit Calculator, you can calculate your profits and losses before or after executing a trade so you'll know exactly how much profit or loss you can expect.

Use calculator
Swap Calculator icon

Swap Calculator

Calculate the swap fee you will be charged on your trading account for holding your positions overnight based on the instrument you are trading, your account currency, and trade size.

Use calculator

FAQs

There are hundreds of trading tools local to the financial markets. Here are a few of the most frequently asked questions regarding the Currency Strength Meter.

What Is Currency Strength?

A currency's strength is the value of one money relative to another. In forex trading, currencies are traded in pairs, each with a base currency and counter currency.

For instance, in the EUR/USD, the EUR is the base currency, and the USD is the counter currency. Thus, we are comparing the relative strength of the EUR to the USD. If the EUR/USD rises, the EUR is strengthening against the USD; if it falls, the EUR is weakening. Our strength meter is designed to measure currency strength for you — no charts or tote boards are required.

I'm A Fundamental Trader. Why Should I Use The Currency Strength Indicator?

No matter what type of trader you are, our Currency Strength Meter provides a clear look at which currencies are strong and weak. At a glance, you can see which FX pairs are on the move and which aren't. This information is an excellent complement to any fundamental strategy.

Which Forex Currency Pairs Are Available On The Strength Meter?

All of your favorite major, minor, and cross pairs are listed on the currency strength meter. Don't forget; it's fully customizable. You are free to build the meter to any specifications that you see fit.

Are Currency Strength Indicators Reliable?

Yes. Currency strength indicators give us a clear look at how a currency and related FX pairs are performing. Of course, all trading decisions should adhere to disciplined risk management guidelines.

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