The currency strength meter is helpful for traders who want to see which currencies are performing well and which are lagging. It is influenced by many factors, such as the supply and demand in the forex market, the interest rate set by the central bank, the economic performance and inflation of the country, and the trade balance with other countries. What is a Currency Strength Meter and how do you use it?Ĭurrency strength is the value of a currency in terms of how much it can buy in goods, services, or other currencies.
