The ICE U.S. Dollar Index is a leading benchmark for the value of the US dollar and widely-recognized traded currency index. With a single index, DXY enables market participants to monitor moves in the value of the US dollar relative to a basket of world currencies. Futures tracking the index are traded for 21 hours a day on the ICE Futures U.S. and ICE Futures Singapore (mini futures contract) exchanges, allowing users to hedge their portfolios against the risk of a move in the dollar. Options are also available for trading at ICE Futures U.S.
The contracts offer capital efficiencies through margin offsets across our wider FX portfolio.
Specifications
Key Features
DXY is administered by ICE Data Indices, and is differentiated among currency indices in its fixed weight composition. The composition of the DXY was changed only once in January 1999 when the Euro launched, replacing several single country European currencies. The cumulative exposure of those former European single country currencies remained fixed at 57.6%.
The DXY is a geometrically averaged calculation of six currencies weighted against the U.S. dollar, and is calculated intraday using the spot prices of the DXY's component currencies. The prices used for the calculation of the DXY are the midpoints between the latest available bid and offer in the component currencies as sourced from ICE Data Derivatives.
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