After several years of development and extensive testing, the MUNDO was introduced by its developer, Michael Duane Archer, in The Currency Traders Companion (2004) and has been discussed in numerous other books and magazines.
The Mundo is a proprietarily weighted average of ten popular currency pairs: EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, EURJPY EURGBP GBPJPY, AUDUSD and CHFJPY. To keep the MUNDO precise and consistent the weighting is adjusted according to a beta formula on a periodic basis. Pairs are also very occasionally rotated in-and-out of the index with the same goals.
The daily updated Mundo is a popular feature on www.goodmanworks.
The MUNDO is extremely useful for assessing relative strength as well as studying correlation and transitivity in currency pairs.
Mundo
The Mundo – ICU (International Currency Unit)
A Dow Jones for the FX Markets
After several years of development and extensive testing, the MUNDO was introduced by its developer, Michael Duane Archer, in The Currency Traders Companion (2004) and has been discussed in numerous other books and magazines.
The Mundo is a proprietarily weighted average of ten popular currency pairs: EURUSD, GBPUSD, USDJPY, USDCHF, USDCAD, EURJPY EURGBP GBPJPY, AUDUSD and CHFJPY. To keep the MUNDO precise and consistent the weighting is adjusted according to a beta formula on a periodic basis. Pairs are also very occasionally rotated in-and-out of the index with the same goals.
The daily updated Mundo is a popular feature on www.goodmanworks.
The MUNDO is extremely useful for assessing relative strength as well as studying correlation and transitivity in currency pairs.
The MUNDO price is updated weekly on this page.
Download MUNDO: An Overview