U.S. Dollar Strengthens More Against Emerging Markets Than Advanced Economies in 2024

In 2024, the U.S. Dollar appreciated by 9.7% against currencies of emerging market economies, compared to a 6.7% gain against currencies of advanced economies. Overall, the nominal broad dollar index* rose by 8.3% during the year.

*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.