ForexMetrics Currency Index is a Global Currency Index created by ForexMetrics.com . It is a unique index which determines the unit value of the global currency.

FMCI is a unit value derived from ten major globally convertible currencies.
These currencies are :

USD | EUR | GBP | JPY | CHF | CAD | AUD | NZD | HKD | SGD

Valuation of currency
Valuation is done by pairing each currency with the other nine individual currencies in order to derive the value of that currency against the other nine individual currencies.

Average of values
The FMCI is the average of all 10 values of these ten currencies paired against each other.

FMCI determines the value of Global Currency. Global Currency, in other words would be, if globally, there was a currency, that would be it's value.

All the currencies are traded in pairs and therefore, relative.

Currently, currency value signifies the current economic cycle and phase of that particular country and that reflects only the relative value.

The purpose of FMCI is to explain the current global economic scenario. This tool is useful for economists, institutions, forex market, equity market, securities market, financial industries, traders and respective government authorities to understand their current economic situation compared to the overall global economy.