How did the trade-weighted dollar index move in month 9?
trade-weighted dollar index · First valid observation → last valid observation in month 9 · Since 2007
Same conditions, different outcomes
2026.09.01 · 2026, month 9Completed · 2026-09-01+1.9%
- Starting observation
- 2026-09-01 · 118.6568 index
- Ending observation
- 2026-09-30 · 120.9693 index
- Calendar window
- 2026, month 9 · First valid observation → last valid observation in that window
The observed trade-weighted dollar index changed from 118.6568 to 120.9693, a spot-quote change of 1.9489%. Positive values indicate trade-weighted dollar strength; negative values indicate weakness. This is not an investment return incorporating interest-rate differentials, carry and transaction costs, and the condition is not established as the cause of the change.
- H.10 Foreign Exchange Rates — Federal Reserve daily observations ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · JRXWTFB_N.B; DTWEXBGS; 2026-09-01 118.6568 → 2026-09-30 120.9693
- H.10 complete SDMX archive ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · H10_data.xml; prepared 2026-10-05; original archive SHA-256 and exact CSV rows retained in fxrawsource/manifest.json
2025.09.02 · 2025, month 9Completed · 2025-09-02-0.5%
- Starting observation
- 2025-09-02 · 120.6837 index
- Ending observation
- 2025-09-30 · 120.1368 index
- Calendar window
- 2025, month 9 · First valid observation → last valid observation in that window
The observed trade-weighted dollar index changed from 120.6837 to 120.1368, a spot-quote change of -0.4532%. Positive values indicate trade-weighted dollar strength; negative values indicate weakness. This is not an investment return incorporating interest-rate differentials, carry and transaction costs, and the condition is not established as the cause of the change.
- H.10 Foreign Exchange Rates — Federal Reserve daily observations ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · JRXWTFB_N.B; DTWEXBGS; 2025-09-02 120.6837 → 2025-09-30 120.1368
- H.10 complete SDMX archive ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · H10_data.xml; prepared 2026-10-05; original archive SHA-256 and exact CSV rows retained in fxrawsource/manifest.json
2024.09.03 · 2024, month 9Completed · 2024-09-03-1.2%
- Starting observation
- 2024-09-03 · 122.7811 index
- Ending observation
- 2024-09-30 · 121.2864 index
- Calendar window
- 2024, month 9 · First valid observation → last valid observation in that window
The observed trade-weighted dollar index changed from 122.7811 to 121.2864, a spot-quote change of -1.2174%. Positive values indicate trade-weighted dollar strength; negative values indicate weakness. This is not an investment return incorporating interest-rate differentials, carry and transaction costs, and the condition is not established as the cause of the change.
- H.10 Foreign Exchange Rates — Federal Reserve daily observations ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · JRXWTFB_N.B; DTWEXBGS; 2024-09-03 122.7811 → 2024-09-30 121.2864
- H.10 complete SDMX archive ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · H10_data.xml; prepared 2026-10-05; original archive SHA-256 and exact CSV rows retained in fxrawsource/manifest.json
2023.09.01 · 2023, month 9Completed · 2023-09-01+1.3%
- Starting observation
- 2023-09-01 · 120.759 index
- Ending observation
- 2023-09-29 · 122.3077 index
- Calendar window
- 2023, month 9 · First valid observation → last valid observation in that window
The observed trade-weighted dollar index changed from 120.759 to 122.3077, a spot-quote change of 1.2825%. Positive values indicate trade-weighted dollar strength; negative values indicate weakness. This is not an investment return incorporating interest-rate differentials, carry and transaction costs, and the condition is not established as the cause of the change.
- H.10 Foreign Exchange Rates — Federal Reserve daily observations ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · JRXWTFB_N.B; DTWEXBGS; 2023-09-01 120.759 → 2023-09-29 122.3077
- H.10 complete SDMX archive ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · H10_data.xml; prepared 2026-10-05; original archive SHA-256 and exact CSV rows retained in fxrawsource/manifest.json
2022.09.01 · 2022, month 9Completed · 2022-09-01+2.5%
- Starting observation
- 2022-09-01 · 124.4006 index
- Ending observation
- 2022-09-30 · 127.5148 index
- Calendar window
- 2022, month 9 · First valid observation → last valid observation in that window
The observed trade-weighted dollar index changed from 124.4006 to 127.5148, a spot-quote change of 2.5034%. Positive values indicate trade-weighted dollar strength; negative values indicate weakness. This is not an investment return incorporating interest-rate differentials, carry and transaction costs, and the condition is not established as the cause of the change.
- H.10 Foreign Exchange Rates — Federal Reserve daily observations ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · JRXWTFB_N.B; DTWEXBGS; 2022-09-01 124.4006 → 2022-09-30 127.5148
- H.10 complete SDMX archive ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · H10_data.xml; prepared 2026-10-05; original archive SHA-256 and exact CSV rows retained in fxrawsource/manifest.json
2021.09.01 · 2021, month 9Completed · 2021-09-01+1.6%
- Starting observation
- 2021-09-01 · 112.8732 index
- Ending observation
- 2021-09-30 · 114.6403 index
- Calendar window
- 2021, month 9 · First valid observation → last valid observation in that window
The observed trade-weighted dollar index changed from 112.8732 to 114.6403, a spot-quote change of 1.5656%. Positive values indicate trade-weighted dollar strength; negative values indicate weakness. This is not an investment return incorporating interest-rate differentials, carry and transaction costs, and the condition is not established as the cause of the change.
- H.10 Foreign Exchange Rates — Federal Reserve daily observations ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · JRXWTFB_N.B; DTWEXBGS; 2021-09-01 112.8732 → 2021-09-30 114.6403
- H.10 complete SDMX archive ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · H10_data.xml; prepared 2026-10-05; original archive SHA-256 and exact CSV rows retained in fxrawsource/manifest.json
2020.09.01 · 2020, month 9Completed · 2020-09-01+1.2%
- Starting observation
- 2020-09-01 · 115.5687 index
- Ending observation
- 2020-09-30 · 116.946 index
- Calendar window
- 2020, month 9 · First valid observation → last valid observation in that window
The observed trade-weighted dollar index changed from 115.5687 to 116.946, a spot-quote change of 1.1918%. Positive values indicate trade-weighted dollar strength; negative values indicate weakness. This is not an investment return incorporating interest-rate differentials, carry and transaction costs, and the condition is not established as the cause of the change.
- H.10 Foreign Exchange Rates — Federal Reserve daily observations ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · JRXWTFB_N.B; DTWEXBGS; 2020-09-01 115.5687 → 2020-09-30 116.946
- H.10 complete SDMX archive ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · H10_data.xml; prepared 2026-10-05; original archive SHA-256 and exact CSV rows retained in fxrawsource/manifest.json
2019.09.03 · 2019, month 9Completed · 2019-09-03-0.3%
- Starting observation
- 2019-09-03 · 118.3113 index
- Ending observation
- 2019-09-30 · 117.9461 index
- Calendar window
- 2019, month 9 · First valid observation → last valid observation in that window
The observed trade-weighted dollar index changed from 118.3113 to 117.9461, a spot-quote change of -0.3087%. Positive values indicate trade-weighted dollar strength; negative values indicate weakness. This is not an investment return incorporating interest-rate differentials, carry and transaction costs, and the condition is not established as the cause of the change.
- H.10 Foreign Exchange Rates — Federal Reserve daily observations ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · JRXWTFB_N.B; DTWEXBGS; 2019-09-03 118.3113 → 2019-09-30 117.9461
- H.10 complete SDMX archive ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · H10_data.xml; prepared 2026-10-05; original archive SHA-256 and exact CSV rows retained in fxrawsource/manifest.json
2018.09.04 · 2018, month 9Completed · 2018-09-04-0.9%
- Starting observation
- 2018-09-04 · 114.8584 index
- Ending observation
- 2018-09-28 · 113.8077 index
- Calendar window
- 2018, month 9 · First valid observation → last valid observation in that window
The observed trade-weighted dollar index changed from 114.8584 to 113.8077, a spot-quote change of -0.9148%. Positive values indicate trade-weighted dollar strength; negative values indicate weakness. This is not an investment return incorporating interest-rate differentials, carry and transaction costs, and the condition is not established as the cause of the change.
- H.10 Foreign Exchange Rates — Federal Reserve daily observations ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · JRXWTFB_N.B; DTWEXBGS; 2018-09-04 114.8584 → 2018-09-28 113.8077
- H.10 complete SDMX archive ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · H10_data.xml; prepared 2026-10-05; original archive SHA-256 and exact CSV rows retained in fxrawsource/manifest.json
2017.09.01 · 2017, month 9Completed · 2017-09-01+1%
- Starting observation
- 2017-09-01 · 109.0504 index
- Ending observation
- 2017-09-29 · 110.0867 index
- Calendar window
- 2017, month 9 · First valid observation → last valid observation in that window
The observed trade-weighted dollar index changed from 109.0504 to 110.0867, a spot-quote change of 0.9503%. Positive values indicate trade-weighted dollar strength; negative values indicate weakness. This is not an investment return incorporating interest-rate differentials, carry and transaction costs, and the condition is not established as the cause of the change.
- H.10 Foreign Exchange Rates — Federal Reserve daily observations ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · JRXWTFB_N.B; DTWEXBGS; 2017-09-01 109.0504 → 2017-09-29 110.0867
- H.10 complete SDMX archive ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · H10_data.xml; prepared 2026-10-05; original archive SHA-256 and exact CSV rows retained in fxrawsource/manifest.json
2016.09.01 · 2016, month 9Completed · 2016-09-01+0.1%
- Starting observation
- 2016-09-01 · 112.1733 index
- Ending observation
- 2016-09-30 · 112.2795 index
- Calendar window
- 2016, month 9 · First valid observation → last valid observation in that window
The observed trade-weighted dollar index changed from 112.1733 to 112.2795, a spot-quote change of 0.0947%. Positive values indicate trade-weighted dollar strength; negative values indicate weakness. This is not an investment return incorporating interest-rate differentials, carry and transaction costs, and the condition is not established as the cause of the change.
- H.10 Foreign Exchange Rates — Federal Reserve daily observations ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · JRXWTFB_N.B; DTWEXBGS; 2016-09-01 112.1733 → 2016-09-30 112.2795
- H.10 complete SDMX archive ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · H10_data.xml; prepared 2026-10-05; original archive SHA-256 and exact CSV rows retained in fxrawsource/manifest.json
2015.09.01 · 2015, month 9Completed · 2015-09-01+0.8%
- Starting observation
- 2015-09-01 · 110.4506 index
- Ending observation
- 2015-09-30 · 111.3311 index
- Calendar window
- 2015, month 9 · First valid observation → last valid observation in that window
The observed trade-weighted dollar index changed from 110.4506 to 111.3311, a spot-quote change of 0.7972%. Positive values indicate trade-weighted dollar strength; negative values indicate weakness. This is not an investment return incorporating interest-rate differentials, carry and transaction costs, and the condition is not established as the cause of the change.
- H.10 Foreign Exchange Rates — Federal Reserve daily observations ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · JRXWTFB_N.B; DTWEXBGS; 2015-09-01 110.4506 → 2015-09-30 111.3311
- H.10 complete SDMX archive ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · H10_data.xml; prepared 2026-10-05; original archive SHA-256 and exact CSV rows retained in fxrawsource/manifest.json
2014.09.02 · 2014, month 9Completed · 2014-09-02+2.6%
- Starting observation
- 2014-09-02 · 95.063 index
- Ending observation
- 2014-09-30 · 97.5261 index
- Calendar window
- 2014, month 9 · First valid observation → last valid observation in that window
The observed trade-weighted dollar index changed from 95.063 to 97.5261, a spot-quote change of 2.591%. Positive values indicate trade-weighted dollar strength; negative values indicate weakness. This is not an investment return incorporating interest-rate differentials, carry and transaction costs, and the condition is not established as the cause of the change.
- H.10 Foreign Exchange Rates — Federal Reserve daily observations ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · JRXWTFB_N.B; DTWEXBGS; 2014-09-02 95.063 → 2014-09-30 97.5261
- H.10 complete SDMX archive ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · H10_data.xml; prepared 2026-10-05; original archive SHA-256 and exact CSV rows retained in fxrawsource/manifest.json
2013.09.03 · 2013, month 9Completed · 2013-09-03-2.1%
- Starting observation
- 2013-09-03 · 94.9574 index
- Ending observation
- 2013-09-30 · 92.9207 index
- Calendar window
- 2013, month 9 · First valid observation → last valid observation in that window
The observed trade-weighted dollar index changed from 94.9574 to 92.9207, a spot-quote change of -2.1449%. Positive values indicate trade-weighted dollar strength; negative values indicate weakness. This is not an investment return incorporating interest-rate differentials, carry and transaction costs, and the condition is not established as the cause of the change.
- H.10 Foreign Exchange Rates — Federal Reserve daily observations ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · JRXWTFB_N.B; DTWEXBGS; 2013-09-03 94.9574 → 2013-09-30 92.9207
- H.10 complete SDMX archive ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · H10_data.xml; prepared 2026-10-05; original archive SHA-256 and exact CSV rows retained in fxrawsource/manifest.json
2012.09.04 · 2012, month 9Completed · 2012-09-04-1.4%
- Starting observation
- 2012-09-04 · 92.1582 index
- Ending observation
- 2012-09-28 · 90.8342 index
- Calendar window
- 2012, month 9 · First valid observation → last valid observation in that window
The observed trade-weighted dollar index changed from 92.1582 to 90.8342, a spot-quote change of -1.4367%. Positive values indicate trade-weighted dollar strength; negative values indicate weakness. This is not an investment return incorporating interest-rate differentials, carry and transaction costs, and the condition is not established as the cause of the change.
- H.10 Foreign Exchange Rates — Federal Reserve daily observations ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · JRXWTFB_N.B; DTWEXBGS; 2012-09-04 92.1582 → 2012-09-28 90.8342
- H.10 complete SDMX archive ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · H10_data.xml; prepared 2026-10-05; original archive SHA-256 and exact CSV rows retained in fxrawsource/manifest.json
2011.09.01 · 2011, month 9Completed · 2011-09-01+5.9%
- Starting observation
- 2011-09-01 · 86.8512 index
- Ending observation
- 2011-09-30 · 91.9998 index
- Calendar window
- 2011, month 9 · First valid observation → last valid observation in that window
The observed trade-weighted dollar index changed from 86.8512 to 91.9998, a spot-quote change of 5.9281%. Positive values indicate trade-weighted dollar strength; negative values indicate weakness. This is not an investment return incorporating interest-rate differentials, carry and transaction costs, and the condition is not established as the cause of the change.
- H.10 Foreign Exchange Rates — Federal Reserve daily observations ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · JRXWTFB_N.B; DTWEXBGS; 2011-09-01 86.8512 → 2011-09-30 91.9998
- H.10 complete SDMX archive ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · H10_data.xml; prepared 2026-10-05; original archive SHA-256 and exact CSV rows retained in fxrawsource/manifest.json
2010.09.01 · 2010, month 9Completed · 2010-09-01-2.9%
- Starting observation
- 2010-09-01 · 94.1148 index
- Ending observation
- 2010-09-30 · 91.3415 index
- Calendar window
- 2010, month 9 · First valid observation → last valid observation in that window
The observed trade-weighted dollar index changed from 94.1148 to 91.3415, a spot-quote change of -2.9467%. Positive values indicate trade-weighted dollar strength; negative values indicate weakness. This is not an investment return incorporating interest-rate differentials, carry and transaction costs, and the condition is not established as the cause of the change.
- H.10 Foreign Exchange Rates — Federal Reserve daily observations ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · JRXWTFB_N.B; DTWEXBGS; 2010-09-01 94.1148 → 2010-09-30 91.3415
- H.10 complete SDMX archive ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · H10_data.xml; prepared 2026-10-05; original archive SHA-256 and exact CSV rows retained in fxrawsource/manifest.json
2009.09.01 · 2009, month 9Completed · 2009-09-01-2.1%
- Starting observation
- 2009-09-01 · 95.2201 index
- Ending observation
- 2009-09-30 · 93.1907 index
- Calendar window
- 2009, month 9 · First valid observation → last valid observation in that window
The observed trade-weighted dollar index changed from 95.2201 to 93.1907, a spot-quote change of -2.1313%. Positive values indicate trade-weighted dollar strength; negative values indicate weakness. This is not an investment return incorporating interest-rate differentials, carry and transaction costs, and the condition is not established as the cause of the change.
- H.10 Foreign Exchange Rates — Federal Reserve daily observations ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · JRXWTFB_N.B; DTWEXBGS; 2009-09-01 95.2201 → 2009-09-30 93.1907
- H.10 complete SDMX archive ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · H10_data.xml; prepared 2026-10-05; original archive SHA-256 and exact CSV rows retained in fxrawsource/manifest.json
2008.09.01 · 2008, month 9Completed · 2008-09-01+2.6%
- Starting observation
- 2008-09-01 · 90.08 index
- Ending observation
- 2008-09-30 · 92.3773 index
- Calendar window
- 2008, month 9 · First valid observation → last valid observation in that window
The observed trade-weighted dollar index changed from 90.08 to 92.3773, a spot-quote change of 2.5503%. Positive values indicate trade-weighted dollar strength; negative values indicate weakness. This is not an investment return incorporating interest-rate differentials, carry and transaction costs, and the condition is not established as the cause of the change.
- H.10 Foreign Exchange Rates — Federal Reserve daily observations ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · JRXWTFB_N.B; DTWEXBGS; 2008-09-01 90.08 → 2008-09-30 92.3773
- H.10 complete SDMX archive ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · H10_data.xml; prepared 2026-10-05; original archive SHA-256 and exact CSV rows retained in fxrawsource/manifest.json
2007.09.03 · 2007, month 9Completed · 2007-09-03-2.9%
- Starting observation
- 2007-09-03 · 93.6691 index
- Ending observation
- 2007-09-28 · 90.9446 index
- Calendar window
- 2007, month 9 · First valid observation → last valid observation in that window
The observed trade-weighted dollar index changed from 93.6691 to 90.9446, a spot-quote change of -2.9086%. Positive values indicate trade-weighted dollar strength; negative values indicate weakness. This is not an investment return incorporating interest-rate differentials, carry and transaction costs, and the condition is not established as the cause of the change.
- H.10 Foreign Exchange Rates — Federal Reserve daily observations ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · JRXWTFB_N.B; DTWEXBGS; 2007-09-03 93.6691 → 2007-09-28 90.9446
- H.10 complete SDMX archive ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · H10_data.xml; prepared 2026-10-05; original archive SHA-256 and exact CSV rows retained in fxrawsource/manifest.json
How to interpret this
These descriptive statistics compare how direction and magnitude differed across observed cases under the same condition. Positive values indicate trade-weighted dollar strength; negative values indicate weakness. A particular season or a past sharp move cannot be assumed to determine subsequent exchange rates. No comparison with unconditional changes over the full period or separate validation sample was performed, so no outperformance is claimed.
These are changes in spot exchange-rate or dollar-index quotes, not investment returns including dividends, interest, carry, transaction costs and foreign-exchange spreads. Examining multiple conditions within the same sample can produce chance findings. Thresholds are not natural economic laws, and results differ with other criteria. Follow-up windows within the same pattern do not overlap, but statistical independence is not guaranteed and cases can overlap across patterns. Federal Reserve data are published after their observation dates and may be revised, so these results do not establish real-time tradability or predictive power.
Conditions, methodology and sources
Includes all annual calendar windows corresponding to month 9 between 2007-01-01~2026-10-02. The observation start date is the first valid observation in that window, and the end date is the last valid observation. These are therefore not monthly changes relative to the previous month-end or total returns for an entire quarter; they exclude the first observation day’s change relative to the preceding day. Cases whose calendar end date has not yet arrived are marked ongoing and excluded from means and medians. Source data are the Federal Reserve’s H.10 daily data. Missing status ND(-9999) is excluded without interpolation. Change is calculated as (ending observation / starting observation - 1) × 100 and stored to 8 decimal places. Quotes are trade-weighted dollar index, with positive values indicating trade-weighted dollar strength; negative values indicate weakness. Dates are source observation reference dates, not publication times or times when trading was possible. The source is revised data from the release of 2026-10-05, not a real-time investment-strategy backtest.
- H.10 Foreign Exchange Rates — Federal Reserve daily observations ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · JRXWTFB_N.B; DTWEXBGS; all valid observations 2006-01-01..2026-10-02; evaluation coverage 2007-01-01..2026-10-02
- H.10 complete SDMX archive ↗Board of Governors of the Federal Reserve System (US) · Checked 2026-10-09 · H10_data.xml; prepared 2026-10-05; original archive SHA-256 and exact CSV rows retained in fxrawsource/manifest.json