(Especially of exchange rates) weighted according to the importance of the trade with the various countries involved.
- After the financial crisis, the trade-weighted exchange rate was allowed to fluctuate within a wide range.
- And the dollar is still off by only 15% from its peak three years ago, according to the Federal Reserve's trade-weighted, inflation-adjusted index.
- Against a Federal Reserve trade-weighted index of the currencies of major trading partners, adjusted for inflation, it has fallen 24% from its most recent peak three years ago.
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