Currency strength meter: the 23 currencies ranked every week
You see a pair climbing on your chart and you can't tell if it's real strength or a push that turns around tomorrow. Every week, this page ranks the 23 currencies by their economies and, right next to that, by what their prices did. It updates weekly on purpose, so don't expect a live meter.
By JH Grandgerard · Data from October 26, 2026
The strongest and weakest currencies this week
Week of October 26, 2026: on fundamentals, the Thai baht leads and the Hong Kong dollar is last; on price over 12 weeks, the Japanese yen is on top and the Mexican peso is at the bottom. The two columns disagree on the Australian dollar and the Chinese yuan.
Fundamentals: model run of October 26, 2026. Price: ECB fixing of October 23, 2026.
Click a column title to sort the table by it.
| Currency | Fundamentals | Weeks | Price 1 week | Price 4 weeks | Price 12 weeks | Disagreement |
|---|---|---|---|---|---|---|
| THB Thai baht | 1 = | Rank week by week: 3, 3, 1, 1, 1 | −0.75% 19th | −0.25% 13th | +0.89% 11th | |
| JPY Japanese yen | 2 ↑ +1 | Rank week by week: 5, 5, 4, 3, 2 | +1.09% 4th | +1.52% 5th | +4.02% 1st | |
| CHF Swiss franc | 3 ↑ +1 | Rank week by week: 2, 2, 6, 4, 3 | +0.23% 11th | +1.50% 6th | −0.06% 12th | |
| DKK Danish kronepegged to the euro | 4 ↑ +2 | Rank week by week: 8, 9, 9, 6, 4 | −0.28% 14th | −0.93% 16th | −0.93% 14th | |
| SGD Singapore dollar | 5 = | Rank week by week: 6, 7, 7, 5, 5 | +0.34% 8th | +0.89% 10th | +2.28% 4th | |
| ILS Israeli shekel | 6 ↑ +1 | Rank week by week: 7, 8, 8, 7, 6 | −0.63% 17th | −1.98% 21st | −0.41% 13th | |
| EUR euro | 7 ↑ +1 | Rank week by week: 10, 6, 5, 8, 7 | −0.28% 14th | −0.94% 18th | −0.93% 14th | |
| NOK Norwegian krone | 8 ↑ +1 | Rank week by week: 13, 13, 10, 9, 8 | +1.28% 2nd | +2.72% 1st | +3.71% 2nd | |
| CAD Canadian dollar | 9 ↓ −7 | Rank week by week: 1, 1, 3, 2, 9 | +1.51% 1st | +2.10% 2nd | +2.10% 5th | |
| CZK Czech koruna | 10 = | Rank week by week: 9, 10, 11, 10, 10 | −0.30% 16th | −0.87% 15th | −1.43% 16th | |
| SEK Swedish krona | 11 = | Rank week by week: 4, 4, 2, 11, 11 | −0.15% 12th | +0.54% 12th | −2.31% 19th | |
| NZD New Zealand dollar | 12 = | Rank week by week: 11, 11, 11, 12, 12 | +0.70% 5th | +1.30% 7th | −1.43% 16th | |
| TRY Turkish lira | 12 = | Rank week by week: 14, 14, 11, 12, 12 | −0.16% 13th | −0.71% 14th | −3.00% 22nd | |
| GBP British pound | 14 = | Rank week by week: 12, 12, 14, 14, 14 | +0.54% 6th | +1.91% 3rd | +1.35% 10th | |
| USD US dollar | 15 = | Rank week by week: 16, 16, 17, 15, 15 | +0.28% 10th | +1.00% 9th | +1.76% 7th | |
| HUF Hungarian forint | 16 = | Rank week by week: 15, 15, 15, 16, 16 | −1.32% 22nd | −1.36% 19th | −1.64% 18th | |
| PLN Polish zloty | 17 = | Rank week by week: 17, 17, 15, 17, 17 | −0.86% 21st | −1.48% 20th | −2.88% 20th | |
| AUD Australian dollar | 18 = | Rank week by week: 17, 17, 18, 18, 18Don't match | +1.23% 3rd | +0.88% 11th | +1.83% 6th | Don't match |
| RON Romanian leu | 19 = | Rank week by week: 19, 19, 19, 19, 19 | −0.63% 17th | −2.37% 22nd | −2.95% 21st | |
| MXN Mexican peso | 20 = | Rank week by week: 20, 20, 20, 20, 20 | −1.96% 23rd | −5.21% 23rd | −6.40% 23rd | |
| ZAR South African rand | 21 = | Rank week by week: 21, 21, 21, 21, 21 | −0.76% 20th | −0.93% 16th | +1.62% 9th | |
| CNH Chinese yuanECB's CNY figure | 22 = | Rank week by week: 22, 22, 22, 22, 22Don't match | +0.53% 7th | +1.67% 4th | +3.02% 3rd | Don't match |
| HKD Hong Kong dollarpegged to the dollar | 23 = | Rank week by week: 22, 22, 23, 23, 23 | +0.34% 8th | +1.01% 8th | +1.76% 7th |
1 = the strongest. Fundamentals: the rank of the currency by its economy, with the arrow showing the change from last week. Price: what the currency gained or lost on average against the other 22, with its rank underneath. "Don't match" means the currency is in the top 6 on one column and in the bottom 6 on the other (fundamentals against price over 12 weeks). The Hong Kong dollar is pegged to the US dollar and the Danish krone to the euro, so on price they follow their anchor. CNH uses the ECB's CNY figure.
How to read it
The fundamentals column ranks the 23 currencies by how their economies are doing against their own history. The price column ranks them by what each one gained or lost against the other 22 over the last few weeks. When both put a currency near the top, or both near the bottom, they're pointing the same way. When they don't match, there's something to look at calmly before you do anything.
A worked example
The Australian dollar (AUD) is ranked 18th of 23 on fundamentals, the same as last week. On price, over the 12 weeks to the ECB fixing of October 23, 2026, it gained an average of 1.83% against the other 22 currencies: 6th of 23.
On fundamentals it is among the bottom 6, and on price among the top 6, so it carries the "Don't match" tag.
What to do with this
You buy a currency because a meter puts it on top, and the price had already made the whole move. That's why this table tells you which side to look at, and never when to get in. Start with the currencies that sit at the top, or at the bottom, in both columns, because there the economy and the price are going the same way.
After that you wait for the chart. In the LDP (Lenguaje del Precio) method I wait for the daily and the weekly to be on my side, and then for the trigger on the close of a candle, with a relevant Level nearby. If the chart doesn't confirm, there's no entry, however well the two columns agree. Waiting is what costs most of us, and the emotional muscle that holds it isn't built by reading: you build it by speculating, with a little more weight each week.
How we calculate it and how to check it
The price column
It comes from the European Central Bank's euro reference rates. They're set around 14:10 and published around 16:00 Frankfurt time on every business day, and they say how many units of each currency one euro buys. We take the fixing of the latest Friday and the fixings of the Fridays 1, 4 and 12 weeks earlier. If a Friday has no fixing, we use the last business day before it.
Call X the units of a currency per euro (the euro is 1). The change of each currency is v = −ln(X on the Friday ÷ X on the Friday N weeks earlier). It's positive when it now takes fewer units to buy one euro, which means the currency gained. The strength is v minus the average v of the other 22 currencies, as a percentage with two decimals: how much the currency gained or lost, on average, against each of the other 22. That's why the column adds up to zero.
We use the logarithm because a rise and a fall of the same size cancel out and the changes can be added. For small moves it's almost the same as the percentage change. The rank, from 1 to 23, orders those strengths, and two currencies with the same two-decimal figure share a rank.
Measuring against the euro is only a reference, and it doesn't matter which currency you measure against: the order is the same. If you take the dollar instead of the euro, or the average of all of them, the v of every currency moves by the same amount, so the strength comes out identical and no rank changes.
A worked example with the real numbers of the US dollar over 12 weeks:
- ECB fixing of October 23, 2026: 1 euro = 1.1193 dollars. Twelve weeks earlier, on July 31, 2026: 1 euro = 1.1485 dollars.
- Change of the dollar against the euro: −ln(1.1193 ÷ 1.1485) = +2.5753%. Positive: it takes fewer dollars to buy one euro today, so the dollar gained against the euro.
- Average of the same change across the other 22 currencies (the euro counts as 0): +0.8139%.
- Strength of the dollar over 12 weeks: +2.5753 − 0.8139 = +1.76%, rank 7 of 23, the same number as in the table.
The ECB rates we use are in the public JSON file, under "tipos_bce", so you can redo any figure in the table with a spreadsheet.
A few things worth knowing. The ECB fixing is from 14:10 in Frankfurt and it isn't your broker's close, so it won't match your MetaTrader to the decimal. It leaves out the interest each currency pays (the swap). And the Turkish lira, the rand and the Mexican peso move more, which is why they often land at the extremes. There's no smoothing and no volatility adjustment: it's the picture of each Friday, and it isn't repainted.
The fundamentals column
It comes from TendenciasFX's own model: 23 currencies and 17 data points from each country's economy, each one measured against that country's own history and recalculated every week. From that comes the rank of each currency, from 1 to 23. Ties share a rank (17, 17, 19).
We don't publish the score of each currency or the formula, because they're the core of the model. The rank is enough to compare.
History: each currency's rank, week by week
The latest week is on top. The history starts on September 28, 2026, the first week with every series of the model up to date. The earlier weeks aren't included.
| Week | THB | JPY | CHF | DKK | SGD | ILS | EUR | NOK | CAD | CZK | SEK | NZD | TRY | GBP | USD | HUF | PLN | AUD | RON | MXN | ZAR | CNH | HKD |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 26, 2026 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 12 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 |
| Oct 19, 2026 | 1 | 3 | 4 | 6 | 5 | 7 | 8 | 9 | 2 | 10 | 11 | 12 | 12 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 |
| Oct 12, 2026 | 1 | 4 | 6 | 9 | 7 | 8 | 5 | 10 | 3 | 11 | 2 | 11 | 11 | 14 | 17 | 15 | 15 | 18 | 19 | 20 | 21 | 22 | 23 |
| Oct 5, 2026 | 3 | 5 | 2 | 9 | 7 | 8 | 6 | 13 | 1 | 10 | 4 | 11 | 14 | 12 | 16 | 15 | 17 | 17 | 19 | 20 | 21 | 22 | 22 |
| Sep 28, 2026 | 3 | 5 | 2 | 8 | 6 | 7 | 10 | 13 | 1 | 9 | 4 | 11 | 14 | 12 | 16 | 15 | 17 | 17 | 19 | 20 | 21 | 22 | 22 |
Frequently asked questions
What is a currency strength meter?
It shows how much a currency gains or loses against the others over a set time. This one measures it in two ways: by each country's economy, with a rank from 1 to 23 every week, and by price, with what the currency gained or lost on average against the other 22.
How does a currency strength meter work?
Most of them take the price changes of a currency against every other currency over some period and average them. Ours does that with the ECB's reference rates over 1, 4 and 12 weeks, and adds a second column that ranks each currency by its economy. The price method is written out in full above. The fundamentals method is ours, and we don't publish it.
How to read a currency strength meter?
In this table, 1 is the strongest currency and 23 the weakest. The arrow in the fundamentals column shows how many places the currency moved up or down from last week. The "Don't match" tag appears when one column puts the currency in the top 6 and the other in the bottom 6, with price over 12 weeks.
How is currency strength measured?
For price, with the change of the currency against each of the other 22, averaged, using the ECB's reference rates. For fundamentals, with 17 data points from each country's economy, each one measured against that country's own history. Meters differ in the period, the pairs and the formula they use, and most don't publish theirs.
Does a currency strength meter work?
It works for seeing where the money has been moving. It can't tell you when to enter, because price strength looks back. That's why this page puts the economy next to it: when both agree, you have a side to look at, and the chart still decides the moment. I wouldn't trade on a meter alone.
Which currency strength meter is best?
I'd say the one that lets you check it: it tells you where the data comes from and how it's calculated. Here the price method is written out in full, with the source and the date of every figure. And next to it there's something no other free meter I know of gives you: the rank of each currency by the economy of its country.
What determines currency strength?
Interest rates, inflation, growth, jobs, government debt and the trade balance all play a part, and so does what investors expect from the central bank. They don't act at the same speed: the price can move first, and the economy shows up in it later.
What is the strongest currency in the world right now?
It depends on what you mean by strong. By the value of one unit, the lists of the world's strongest currencies put the Kuwaiti dinar first, and that says nothing about where it's going. Here strong means something else: the currency whose economy is best against its own history, or the one that gained most against the others. This week's leaders top the two columns of the table.
What is fundamental analysis in forex?
It's looking at the economy behind a currency, like interest rates, inflation, jobs and growth, to judge which of two currencies is stronger. In the LDP method it's where I start, because it tells me which side of a pair to look at. The chart tells me when, and I wait for it.
How to trade forex using a currency strength meter?
You match a currency from the top of the table with one from the bottom, better if both columns agree, and check that the pair is at your broker. Then you go to the chart, which has the last word. The meter says which side to look at, and it can't say when to get in.
How to know which currency is stronger?
Look at where it sits in both columns. If it's near the top in fundamentals and in price, it's the stronger one. If it's high in one and low in the other, the two measures disagree, and that's a reason to look at the chart before you do anything.
Is there a live currency strength meter?
This one isn't live, and that's on purpose: it's a picture of each week. The fundamentals column is recalculated every Monday and the price comes from the ECB's reference rate of each Friday. For those of us who trade the daily and the weekly charts, the noise of every minute adds nothing.
Why doesn't the currency strength meter match my MetaTrader chart?
The ECB sets its reference rate once a day, around 14:10 in Frankfurt, and your broker closes its candle at another time and with its own price. The numbers won't match to the decimal. What matters here is the order and the direction over several weeks.
Why do fundamentals and price say different things?
Price sometimes runs ahead of the data and sometimes lags behind it. When it lags, it's because the economy takes months to reach the price: the money goes first through the banks, then through credit, companies and wages.
Does the currency strength meter work for gold?
No. It's made for currencies, and gold has no economy behind it that could be measured the same way.
Is there a currency strength indicator for MT4 and MT5?
Pair by pair, yes, in the MetaTrader tools: the Conditioning filter ranks the pairs live by their relative strength, and the Signal of each pair shows on its own chart.
MetaTrader tools
Knowing which currency is strong doesn't tell you which pair to look at, and checking hundreds of crosses by hand wears you out
In MetaTrader, the filters in our tools do that check live, pair by pair. The Conditioning filter ranks the pairs by their relative strength during the day, and the 90%DO shows you the ones that have your strategy's candle today. The Signal of each pair shows on its own chart, without opening a page.
Where the data comes from
- Price: the European Central Bank's euro reference exchange rates, set around 14:10 and published around 16:00 Frankfurt time on every business day, for information only. They're free to use with credit to the source (ECB terms). TendenciasFX calculates the strength of each currency from them.
- The Chinese yuan (CNH) uses the figure for the onshore yuan (CNY), because the ECB doesn't publish the CNH. The two move very close together.
- Fundamentals: the TendenciasFX model, recalculated every week. Only the rank of each currency is published.
- Open data: fuerza.json (the ranks, the strengths, the history and the ECB rates that were used) and fuerza.csv (this week's table). The field names are in Spanish. Free to use with credit to TendenciasFX and the European Central Bank.
It updates itself: the price every Friday after the ECB fixing, the fundamentals every week.
It's information, not investment advice, and it doesn't say when to enter any pair. The page doesn't use cookies and doesn't ask you for any data.
Embed the currency strength meter on your website
Copy this code and paste it into your site. You get the sentence of the week, the 12-week table and the date of the data, always up to date. It's free and has no ads.