U.S. Dollar Gains Against All Major Currencies in 2024

The U.S. Dollar strengthened against all major currencies in 2024, with the broad dollar index* rising by 8.3%. Notable increases include a 26.4% gain against the Brazilian Real, a 22.6% rise against the Mexican Peso, a 13.6% appreciation against the South Korean Won, and a 10.9% increase against the Japanese Yen.

*The broad dollar index represents a weighted average of the U.S. Dollar's exchange value against the currencies of major U.S. trading partners.